*Euro finds some support at $1.0600, but still under a cloud. *U.S. trading to end early on Friday after Thanksgiving. TOKYO/ SYDNEY, Nov 27- The dollar, euro and yen stuck to familiar ground on Friday in thin trade after the U.S.» Read More
The dollar, euro and yen found themselves in familiar territory early on Friday in thin trade with U.S. markets shut for the Thanksgiving holiday.
The euro fell back towards seven-month lows against the dollar and shed ground against the yen as investors piled on bets against it.
BEIJING, Nov 26- China's central bank has tested bilateral currency swap operations with the European Central Bank, according to a notice posted on the People's Bank of China website on Thursday. The currency swap deal, signed in October 2013, totalled 350 billion yuan, or 45 billion euros, the bank said. Both operations were completed successfully and are a step...
While the yuan's inclusion in the SDR basket has little economic impact, what it symbolizes is important, explains Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors.
The dollar rose after strong economic data further backed the case for the Federal Reserve to raise interest rates.
BEIJING, Nov 25- The first batch of foreign central banks, sovereign wealth funds and international financial institutions have been registered to enter China's interbank foreign exchange market, the country's central bank said on Wednesday. The seven institutions that have been registered include three central banks: Hong Kong Monetary Authority,...
The U.S. dollar edged down as investors piled into safe-haven currencies on concerns about rising tension between Russia and Turkey.
While the currency has been calm for a while, it will take much longer to fully stabilize as Beijing moves to make it more market-driven, says Choon Han Ching, investment manager and principal at Kriya Capital.
The dollar rose to an eight-month high, as comments from a regional Fed president further cemented expectations of a rate hike next month.
NEW YORK, Nov 20- Currency managers are getting back on their feet after weathering lackluster performance and investor outflows in the aftermath of the global financial crisis, thanks to a surging U.S. dollar and increased volatility in the foreign exchange market. Many in the currency management industry are benefiting, from funds owned by custodian banks...
Comments from European Central Bank chief Mario Draghi sent the euro down half a percent to below $1.07.
SHANGHAI— Authorities in China have cracked the country's biggest-ever underground banking network, which handled illegal foreign exchange transactions worth 410 billion yuan, police said Friday. Jinhua is in Zhejiang province on China's eastern coast, a zone known for its shadowy financial networks. China has tight currency controls, which officially...
Chinese banks are alarmed by a rising number of defaults among jewelry manufacturers, prompting them to review new gold lending more carefully.
China's yuan may enter the IMF's basket at a lower weighting than previously estimated as the IMF considers rejigging the basket.
The dollar weakened across the board on Thursday after rising for four straight sessions.
The U.S. dollar stumbled against a basket of currencies on Thursday, even as the Fed's minutes indicated that a December rate rise is on the cards.
The dollar slipped briefly as markets digested minutes of the Federal Reserve's policy meeting, but the morning's gains quickly returned.
China's home prices edged up a tad in October, posting the first on-year gains in more than a year.
BEIJING, Nov 18- China's commercial banks sold a net $20.1 billion in foreign exchange settlements in October, the country's foreign exchange regulator said on Wednesday, falling sharply from September's $109.2 billion amid signs of easing capital outflows. Capital outflows eased in October as the domestic stock market recovered after a crash over the...
The dollar climbed on Tuesday as a rise in U.S. inflation reinforced expectations that the Federal Reserve will raise interest rates next month.