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Currencies Chinese Yuan

  • SHANGHAI, May 18- China's yuan weakened against the U.S. dollar on Thursday due to higher corporate demand for the greenback, while the Chinese currency also slipped to a new low against its currency basket. The renminbi shrugged off the People's Bank of China's firmer guidance via its midpoint fixing. The strength in the yuan midpoint followed a broad slide in...

  • 100 dollar bills

    The yen rose to its highest in two weeks and the Swiss franc hit a seven-week high against the U.S. dollar on Wednesday.

  • BEIJING, May 17- Net foreign exchange sales by China's commercial banks rose to their highest level in three months in April, but capital outflows remained under control due to tighter regulatory scrutiny. China's cross-border capital flows in April maintained good momentum, with foreign exchange purchased by individuals hitting the lowest level in nearly...

  • SHANGHAI, May 17- China's yuan firmed against the U.S. dollar on Wednesday after the central bank fixed its daily midpoint at the strongest level in three months, but the renminbi slid to new lows against currencies in a trade-weighted basket. The People's Bank of China set its official midpoint at 6.8635 per dollar prior to the market open on Wednesday, its...

  • The euro surged more than 1 percent against a broadly weaker dollar on Tuesday, rising above $1.10.

  • The Canadian dollar hit its highest level in two weeks and the Australian dollar was at a 10-day high.

  • 100 dollar bills

    The U.S. dollar fell on Friday, easing from a roughly two-month high against the yen.

  • The New Zealand and Canadian dollars sank on Thursday as domestic concerns outweighed a bounce in oil prices for the currencies.

  • SHANGHAI, May 11- The use of local currencies instead of the U.S. dollar or other major currencies in China's Belt and Road initiative will help to ensure financial stability, officials at China's central bank said this week. "China will resume the opening up of its capital account and encourage outward direct investment," Ken Cheung, Asian FX strategist at Mizuho...

  • Trump abruptly fired FBI Director James Comey in a move that shocked Washington and dampened some of this week's strong risk appetite.

  • *China planning trading link with Hong Kong for bond investors. HONG KONG, May 10- China's policymakers plan to open the doors wider than ever to foreign investment in the country's $3 trillion bond market, in part to help shore up the struggling yuan. Foreigners own less than 2 percent of China's $3.3 trillion in outstanding bonds and say getting their cash out of...

  • Currency markets swung back to trading on the diverging outlooks for growth and tighter monetary policy.

  • Meanwhile, a fall in oil prices drove the Australian dollar and Canadian dollar to new lows.

  • Investors took profit on a roughly 3 percent gain for the currency since the first round of voting two weeks ago.

  • LONDON, May 8- Emerging equities rose towards a one-week high on Monday and Eastern European currencies firmed against the euro in a broad relief rally after centrist candidate Emmanuel Macron's emphatic victory in the French presidential election. Business-friendly Macron scooped over 60 percent of the vote, defeating far right nationalist Marine Le Pen...

  • SHANGHAI, May 8- China's yuan firmed against the dollar on Monday as banks sold the U.S. currency amid a firmer euro after centrist Emmanuel Macron's victory over the far-right Marine Le Pen in France's presidential election. The People's Bank of China set the midpoint rate at 6.8947 per dollar prior to market open, weaker than the previous fix at 6.8884.

  • BEIJING, May 7- China's foreign exchange reserves rose in April for a third straight month, beating market expectations, as capital controls and a pause in the dollar's rally helped staunch capital outflows. President Donald Trump backed away from labeling China a currency manipulator, saying the dollar was "getting too strong" and would eventually hurt the U.S....

  • BEIJING, May 7- China has no intention and no need to carry out competitive currency devaluations, the head of the country's foreign exchange regulator said. "China has no intention of raising competitiveness via currency devaluation. China was working hard to raise the exchange rate's flexibility and to maintain its stability, he added.

  • BEIJING, May 7- China's foreign exchange reserves rose in April for a third straight month, beating market expectations, as capital control measures and a pause in the dollar's rally helped staunch capital outflows. President Donald Trump backed away from labeling China a currency manipulator, saying the dollar was "getting too strong" and would eventually...

  • BEIJING, May 7- China's foreign exchange reserves rose in April for a third straight month, beating market expectations, as capital control measures and a pause in the dollar's rally helped staunch capital outflows. Reserves rose $21 billion during April to a total of $3.03 trillion, compared with an increase of $3.96 billion in March to $3.009 trillion.