The euro jetted past $1.14 to its highest in just under 14 months on Thursday.
The euro fell from a one-year high after the European Central Bank said markets misjudged ECB President Mario Draghi's comments a day earlier.
China is sending a “remarkably strong signal” about stemming capital outflows by going after big companies, said the IMF’s China ex-chief.
The euro hit its highest level in over a week on Tuesday as the dollar slipped.
SHANGHAI, June 27- Chinese state-owned banks sold dollars in the onshore foreign exchange market to prop up the Chinese currency on Tuesday afternoon, traders said. "Major state-owned banks were selling dollars in the market to lift the yuan by more than 150 pips," said a trader at a Chinese bank in Shanghai. The yuan strengthened around 200 pips to a high of 6.8199...
China’s government and companies are “rationalizing” their use of debt, said Eugene Qian, chairman of UBS’ China strategy board.
Financial investors' lack of faith in another U.S. interest rate rise this year kept the dollar pinned back.
The European Central Bank is deciding when to wind back its expansive quantitative easing program.
LONDON, June 23- Chinese mainland shares rose nearly 1 percent on Friday, enjoying their best week since November after MSCI's decision to include them in its benchmark index, whilst South Africa's rand firmed after parliament backed the central bank's independence. Emerging equities have attracted $1.7 billion this week and emerging bonds $2.2 billion,...
Wei Li, head of investment strategy at iShares for EMEA, speaks about the Chinese macroeconomic environment.
Doubts crept in as to whether the modest current economic expansion warrants further rate increases.
Most China crash predictions are looking at the wrong scenario, said Michael Buchanan, head of strategy at Singapore wealth fund Temasek.
With bond yields globally in the dumps, Singapore's wealth fund GIC is looking at unconventional sources for fixed income returns.
LONDON, June 22- Rises in U.S. interest rates will probably prop the dollar up over the next 18 months, but its multi-year run higher since 2012 looks to be over, strategists from British bank Barclays said in a note on Thursday. "We believe the USD super-cycle of the past five years is over: the cyclical divergence that helped the dollar in these years has likely peaked,...
China's central bank will not take action to shrink its balance sheet like the U.S. Federal Reserve, adviser says.
Commodity-linked currencies such as the Canadian dollar and Norwegian crown took a hit on declining oil prices.
An influential Federal Reserve official said U.S. inflation would pick up as wages improved.
*China stocks dip ahead of MSCI decision on index inclusion. LONDON, June 20- Emerging market stocks took a breather on Tuesday after their best day in almost two months, as investors waited to see whether MSCI would add the first batch of mainland China- listed shares to its $1.5 trillion EM index. Taiwan's stock market also hit a 17- year high but the main focus of the...
Protectionism would compromise the competitiveness of China's financial sector, the country's central bank governor Zhou Xiaochuan said.
The dollar nudged higher on Monday as New York Fed President William Dudley's comments came with doubts about raising rates.