BRICS to contribute US$100b to stabilize currency markets2013-09-06
The BRICS group of emerging economies will contribute US$100 billion to a fighting fund to steady currency markets destabilized by an expected pullback of US monetary stimulus, Russian President Vladimir Putin said yesterday.
Currency reserve to assist liquidity2013-09-06
China will contribute the lion's share to a foreign currency reserve set up by major emerging economies to mitigate liquidity strains as the US pulls back from its monetary stimulus.
Dollar rises on Fed tapering expectations2013-09-04
The U.S.dollar strengthened against most major currencies Tuesday as positive U.S.manufacturing data fueled expectations that the Federal Reserve would soon scale back its monetary stimulus.