China's central bank has conducted a survey among financial institutions to gather their opinions on the recent weakening of the U.S. dollar. Multiple sources, including Reuters, have reported that the People's Bank of China reached out to select financial entities to understand their views on the dollar's depreciation. This move reflects Beijing's interest in the implications of the U.S. dollar's recent performance on global financial markets and China's economy. The inquiry was described as exclusive by several news outlets, highlighting the central bank's proactive approach in monitoring currency fluctuations.
The Bank of England 🇬🇧 is asking UK lenders with global operations to run internal stress tests for potential U.S. dollar fluctuations, according to Reuters.
Bank of England Requests Certain Lenders to Check Resilience Against US Dollar Shocks, Including US Dollar Swap Market Effects, Echoing ECB Actions, but Declines to Comment. 💷💱📝
BoE testing scenarios include the US dollar swap market drying up, according to a source.