Optimism toward global economic growth boosted risk appetite and drove the U.S. dollar higher.» Read More
The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.
HONG KONG, April 16- Hong Kong banks have started to cut yuan deposit rates following robust southbound trading flows under a stock connect scheme between Shanghai and the former British colony. The flow of funds into Hong Kong is expected to shore up the shrinking offshore yuan pool, which has been under pressure as the weakness of the Chinese currency had...
BEIJING, April 16- It will not be easy for China to grow its economy by 7 percent this year, Chinese Premier Li Keqiang was quoted by the Financial Times as saying on Thursday, a day after data showed economic growth hit a six-year low in the first quarter. Li was also quoted as saying that China cannot rely on devaluing its currency to lift sales of Chinese exports, and...
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
The financial risks of a surge in U.S. oil production - and the ensuing price drop - could hit emerging markets hard.
Dominic Schnider , head, Commodity & APAC Forex at UBS Wealth Management, explains why weakness in the Chinese economy hurts currencies like the Australian dollar.
Despite the persisting slowdown, China remains the fastest-growing economy in the world, says John Rutledge, chief investment strategist at SAFANAD.
The dollar tumbled after five straight days of gains, as investors took advantage of weaker-than-expected retail sales to lighten hefty positions.
WASHINGTON, April 14- Recent shifts in exchange rates should help the global economy, boosting Japan and Europe in particular, amid increasing divergence in the growth paths of the world's major economies, the International Monetary Fund said on Tuesday. The Washington- based institution kept its global growth forecasts unchanged, with faster economic...
Rebecca Patterson, Bessemer Trust CIO, and Barbara Reinhard, Credit Suisse, discuss how cheap oil and a strong dollar are taking a toll on corporate earnings. Also a look at the likely fallout if China devalues the yuan.
*FX reserves fall by $110 bln in Q1. BEIJING, April 14- Chinese banks made 1.18 trillion yuan worth of new loans in March, beating expectations, as the authorities ramped up efforts to avert a slowdown in economic growth while lenders cut their exposure to the risky shadow financing. Economists polled by Reuters had expected new local-currency loans at 1.03...
*FX reserves fall by $110 bln in Q1. BEIJING, April 14- Chinese banks made 1.18 trillion yuan worth of new loans in March, beating market expectations, as the authorities ramped up efforts to avert a sharper economic slowdown. Economists polled by Reuters had expected new local-currency loans at 1.03 trillion yuan in March, compared with 1.02 trillion yuan in...
The dollar rose against the euro in a continuation of last week's bets that the Fed will hike interest rates in the coming months.
The euro slumped for a fifth straight session against the dollar on Friday to a 3-1/2 week low as falling European interest rates.
The dollar traded higher on Wednesday after the release of the Federal Reserve's FOMC meeting minutes.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.
The dollar cut early losses but continued to feel the carry-over effects of a disappointing U.S. jobs report from Friday.
The dollar fell for a second straight day, as investors pared back hefty positions ahead of a U.S. non-farm payrolls report.
The dollar fell at the start of the second quarter on disappointing data on U.S. manufacturing and jobs growth.