Commodity currencies were on the defensive on Wednesday, following the retreat of global equity and commodity prices on Tuesday.» Read More
The dollar rallied to a 13-year peak against the yen and rose sharply against the euro.
The euro on Thursday traded back-and-forth against the U.S. dollar.
HONG KONG, June 4- The volume of Chinese currency traded in the offshore market has risen sharply in the past year, after more than 10 offshore yuan hubs were set up and more players switched to using it for payments and settlements. Traders estimate volumes of CNH spot are around $20 billion a day, almost doubling the level at the beginning of the year, and if yuan...
The race for a devalued currency is set for a new set of twists and turns this summer.
The dollar traded lower against the euro after the Federal Reserve said U.S. economic growth remained tepid.
The euro strengthened against the U.S. dollar, which was on track to post its biggest one-day loss against the single currency since mid-March.
Whether China shares are bubbly depends on which data bit catches the fancy, but the market has outstripped fundamentals and is overbought, Credit Suisse said.
The U.S. dollar advanced against major currencies after stronger-than-expected data on U.S. manufacturing activity and construction spending.
China's economy faces more downside than upside risks, says Bill Adams, Senior International Economist at PNC
The dollar was mixed on Friday with month-end selling after a recent rally.
China is pulling out all the usual easing props to counter its slowing economy, but the old hats don't appear to be working as well as they used to.
The dollar climbed to a 12-1/2-year high against the yen as investors bet that U.S. interest rates will rise later this year.
The dollar rose against most major currencies on Wednesday, hitting an eight-year peak against the yen.
The IMF says the Chinese yuan was no longer undervalued.
While the Chinese yuan could be included in the IMF's Special Drawing Rights basket by end-2015, Beijing still has "a lot more homework to do," says Frederic Neumann, chief economist, Asia at HSBC.
Helen Qiao, chief Greater China economist at Morgan Stanley, says the launch of the "Qualified Domestic Individual Investor program" is part of China's commitment to make the yuan more convertible.
Sonja Laud, investment director of Global Multi Asset Group at Baring Asset Management, discusses the outlook of China's economy and explains why she sees value in Hong Kong markets.
The dollar rose more than 1 percent, extending recent gains driven by increasing expectations the Fed will start raising rates.
May 26- China must press ahead with currency liberalization plans for the yuan to join the International Monetary Fund's reference basket of currencies, a senior U.S. In a call to preview discussions among Group of Seven nations in Germany this week, the official said the United States would emphasize the need to find a pragmatic solution for Greece and urge all...
May 26- China's currency liberalization plans are welcome and will be needed before the yuan is able to join the International Monetary Fund's reference basket of currencies, a senior U.S. Treasury official said on Tuesday. In a call to preview discussions among Group of Seven nations in Germany, the official said the United States encouraged China to continue...