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Photo: Reuters With the increasing interest of European monetary regulators in central bank digital currency (CBDC), Italy has become the latest to propose for digital euro. In a Thursday’s announcement, the Italian Banking Association (ABI) has approved the official guidelines for the launch of a

The news flow today caused a brief risk-off burst in Asia-Pacific markets followed by a sharp recovery. In currencies, this transpired as a bout of dollar and yen outperformance alongside a sharp drop in risk-sensitive currencies such as the Australian dollar, followed by a quick reversal. The cause

Stephen Roach, Yale University senior fellow and former Morgan Stanley Asia chairman, has a warning for U.S. dollar bulls. The prominent economist says that the era of the U.S. buck may be coming to an end and is forecasting a 35% decline soon in the U.S. currency against its major rivals, citing in