The Bank of Japan made a “fateful miscalculation” when it opted to hold interest rates at its meeting last week, Goldman Sachs has said. » Read More
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.
SHANGHAI, Nov 17- The Chinese yuan weakened on Tuesday as some investors sold the currency amid uncertainty over central bank actions in the foreign exchange market in the past 24 hours. The People's Bank of China set the midpoint rate at 6.374 per dollar prior to market open, firmer than the previous fix 6.375. Traders believe the PBOC is keen to narrow the gap...
China's economic slowdown isn't spooking Morgan Stanley, which has its eye on the mainland's "new economy."
The dollar rose sharply, as markets were unshaken by the weekend attacks in Paris.
BEIJING, Nov 16- China and Turkey have renewed their bilateral local currency swap agreement for a further three years, and increased the swap line from 10 billion yuan to 12 billion yuan, the People's Bank of China said on Monday.
SHANGHAI, Nov 16- China's yuan weakened on Monday despite signs that it is almost certain to be included in the International Monetary Fund currency basket, as the dollar gained against major currencies. "The euro slipped after the Paris attacks and some investors turned to buy dollars," said a trader at a Chinese commercial bank in China. Even if was to be announced...
Julian Evans-Pritchard, China economist at Capital Economics, explains why the addition of the yuan to the IMF's SDR basket isn't that important to markets.
WASHINGTON, Nov 13- China's yuan moved closer to joining other top global currencies in the International Monetary Fund's benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up. "I support the staff's findings," she said in a statement immediately welcomed by China's central bank, which said it...
WASHINGTON, Nov 13- International Monetary Fund chief Christine Lagarde on Friday backed adding China's yuan to the global lender's benchmark currency basket after staff found it met the criteria for inclusion. Beijing has been campaigning for its currency to join the Special Drawing Rights basket, which could increase demand for the yuan among reserve...
The dollar moved higher against major currencies on Friday as U.S. consumer sentiment beat forecasts.
If China's old economy doesn't find its footing, metals demand could take another hit, Goldman Sachs said.
The U.S. dollar dropped for a second day on Thursday as investors booked profits from its precipitous rise in November.
It was back to normal Thursday with the head of the European Central Bank (ECB) pushing down the euro with some dovish remarks.
To make China's products more competitive, Beijing may allow the renminbi to drift lower by 15-20 percent over the next 2 years, says Scott Minerd, managing partner & global CIO of Guggenheim Partners.
The dollar edged down on as investors took advantage of the thin holiday trading session.
Chen Wei, chairman and co-founder of the proposed Sun Pacific Bank, sees an opportunity in the growing number of wealthy Chinese moving to Los Angeles.
The dollar rose towards a seven-month peak against a basket of major currencies on Tuesday.