Matthew Burgess

2 months ago | fortune.com | Catherine Bosley |Matthew Burgess

The yields on US Treasuries gained while stock futures slumped on Sunday. Mostafa Bassim—Anadolu via Getty Images

Dec 4, 2024 | bnnbloomberg.ca | Youkyung Lee |Matthew Burgess

(Bloomberg) -- Investors are bracing for a triple whammy as South Korea’s political turmoil adds another layer of uncertainty for the country’s struggling assets. Even before President Yoon Suk Yeol’s shock martial law announcement, the equity benchmark Kospi and the won were among the world’s worst performers, partly due to fears they would be major casualties of Donald Trump’s second term.

Dec 3, 2024 | bnnbloomberg.ca | Claire Jiao |Matthew Burgess

(Bloomberg) -- Indonesia’s central bank said it was ready to intervene in currency markets to steady the rupiah as it hovers near the psychological level of 16,000 per dollar. Bank Indonesia will always be in the market to maintain market confidence, Executive Director for Monetary and Asset Securities Management Edi Susianto said in a text message on Wednesday.

Dec 2, 2024 | news.bloomberglaw.com | Ruth Carson |Matthew Burgess

Donald Trump’s pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers say. Dollar dominance looks set to continue for the foreseeable future and emerging nations’ idea of setting up their own single currency is “hot air,” said Mark Sobel, a retired 40-year veteran of currency policy who worked at the US Treasury.

Dec 2, 2024 | finance.yahoo.com | Ruth Carson |Matthew Burgess

(Bloomberg) -- Donald Trump’s pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers say. Dollar dominance looks set to continue for the foreseeable future and emerging nations’ idea of setting up their own single currency is “hot air,” said Mark Sobel, a retired 40-year veteran of currency policy who worked at the US Treasury.