Aave’s GHO stablecoin has consistently traded below its intended $1 peg since launching in July. On Oct. 31, TokenBrice, a member of Aave’s Liquidity Committee, unveiled a plan to ‘gently nudge’ GHO ...
Calls for a realignment of the Gulf currencies' peg have become the standard whenever the dollar goes through bouts of depression, as is the case now. Calls for a realignment of the Gulf currencies' ...
Hong Kong should stick with its controversial currency peg until China is ready to float its currency, which might be 10 years away, according to a leading economist. China needed to develop its ...
Since the currency crises of the 1990s, economists have devoted a great deal of effort to empirical and theoretical studies of exchange rate regimes in developing countries. The initial consensus that ...
Architects of the float of Australia’s dollar, trading at a similar level to when exchange controls were lifted 30 years ago, say the currency must devalue and economic reform be renewed to avert a ...
Fixed exchange rate makes nations vulnerable to outside forces, says expert Dubai: Gulf countries should drop their peg to the US dollar to avoid unnecessary risk, John Taylor, chairman of FX Concepts ...
The government should consider pegging the Hong Kong dollar to the yuan when the mainland currency becomes fully convertible, former financial secretary Antony Leung Kam-chung said yesterday. In an ...