Goldman Sees Central Banks Buying More Yuan, Singapore Dollars

The currencies of South Korea, Singapore and China are likely to benefit from the fact that the world's central banks diversify their reserves away from the dollar.

Goldman Sees Central Banks Buying More Yuan, Singapore Dollars

South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their reserves away from the dollar, according to Goldman Sachs Group Inc.

Global demand grows for non-dollar stablecoins, says Fireblocks exec

The post Global demand grows for non-dollar stablecoins, says Fireblocks exec appeared on BitcoinEthereumNews.com. Governments outside the US, including Singapore, are increasingly interested in stablecoins not tied to the US dollar, despite their currently limited liquidity, Fireblocks director of policy Dea Markova told Cointelegraph at Token2049. In an exclusive interview, Markova described the competition with dollar-pegged stablecoins as “a…

De-dollarization agendas could spike South Korea, Singapore and China’s currency usage: Goldman Sachs

Global central banks could be looking beyond the US dollar after US President Donald Trump slapped countries with tariffs, causing geopolitical risks and economic uncertainty. According to analysts at Goldman Sachs Group Inc., Asian currencies, such as the South Korean won, the Singapore dollar, and the Chinese yuan, could benefit the most from de-dollarization agendas. In an April 30 note authored by strategists Danny Suwanapruti and Rina Jio, …

Goldman sees central banks buying more renminbi, won, Singapore dollars

South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their reserves away from the US dollar, according to Goldman Sachs Group.

BOK Plans Regular RP Purchases Amid Policy Overhaul

Bank of Korea Governor Rhee Chang-yong (Reuters) Bank of Korea (BOK) Governor Rhee Chang-yong hinted at a major overhaul of the bank’s liquidity supply policy on April 30. He even left open the possibility of considering quantitative easing, similar to the monetary policy implemented in the United States. This comes as the BOK’s open market operations, traditionally focused on absorbing excess liquidity, now require the opposite intervention. Th…