Hedge fund manager Kyle Bass' call for an imminent China banking crisis is already getting push-back, with Deutsche Bank calling it unlikely and exaggerated.» Read More
Hot money may be flowing out of China's markets amid a persistent economic slowdown, but slower moving institutional money is taking a longer view.
The U.S. dollar extended its decline against the euro on Thursday.
Jeremy Stretch, head of FX strategy at CIBC, says the rally in the U.S. dollar may hit some speed bumps after the Fed unveils its first interest-rate rise.
Benjamin Pedley, head of investment strategy, Asia at HSBC, explains the "slight misconception" that the U.S. has toward China's currency devaluation on August 11.
On the numbers, China's cinema-goers look like a sure bet, but investors may need to look under the hood.
Paul Pong, managing director of Pegasus Fund Managers, likes military stocks because China will likely increase its military budget. He also thinks the 'One belt, one road' initiative will lift sectors such as infrastructure.
The dollar slipped against the euro on Wednesday after Mario Draghi said the ECB needed more time to assess whether to boost QE.
Gina Sanchez, chairwoman & founder of Chantico Global, discusses China's recent comments on the yuan devaluation.
The dollar hit an almost two-week high after comments from Fed officials revived expectations of a U.S. interest rate hike this year.
The Brazilian real hit a new all-time low on Tuesday after authorities announced a massive austerity package at a time when the economy is shrinking fast.
LONDON, Sept 22- Bets on the euro weakening against the dollar, which had looked forlorn for much of this year, are finally showing signs of coming good as investors price in growing chances of further monetary easing by the European Central Bank. Despite this, the euro has "defied gravity", rising off levels just below $1.05 in March to within a whisker of $1.15 last...
China's President Xi Jinping has defended his government's economic efforts, in an interview with the Wall Street Journal (WSJ).
BEIJING, Sept 22- China will push forward market-based reform of its currency regime and make the yuan convertible on the capital account over time, President Xi Jinping told the Wall Street Journal in an interview published on Tuesday. China is advancing changes to make the yuan convertible on the capital account in a "steady and orderly manner," Xi said.
Xavier Denis, global strategist at SG Securities, says the Fed remains on course for a rate hike by year-end, but there is a growing possibility that the central bank could wait until 2016.
The U.S. dollar strengthened against a basket of major currencies on the view that the Fed was on track to hike rates this year.
The dollar rebounded from a three-week low on Friday, a day after the Federal Reserve kept U.S. interest rates on hold.
WASHINGTON, Sept 18- China is well placed to meet the criteria for inclusion in the International Monetary Fund's benchmark currency basket, the country's representative at the international lender said on Friday. Jin Zhongxia, executive director for China on the IMF's policymaking board, said China would respect the IMF's decision on whether to include the...
WASHINGTON, Sept 18- China's renminbi currency may be nearing its equilibrium exchange rate, China's representative at the International Monetary Fund said on Friday. Jin Zhongxia, executive director for China on the IMF's policymaking board, said financial markets sometimes showed an irrational response to changes in the renminbi rate, but this also...
The Fed's inactivity has left no doubt in analysts' minds that other central banks will now look to ease policy further.
SHANGHAI, Sept 18- China has intervened repeatedly in foreign exchange markets to stabilise the yuan after it unexpectedly devalued the currency last month, fueling fears of a global currency war. **Sept 18- The People's Bank of China has ordered banks to tighten supervision of clients' foreign exchange deals and strictly check the authenticity of clients' forex...