The yen built further on a round of strong gains since the Bank of Japan meeting, moving to an 18-month high against the dollar. » Read More
CHINA SEES YUAN BECOMING AN INTERNATIONAL CURRENCY BY 2020, WITH CROSS-BOARDER YUAN FUNDS ACCOUNTING FOR 1/ 3 OF TOTAL CROSS-BORDER CAPITAL- ZHOU IN CAIXIN.
Michael Spencer, co-head of global economics of Deutsche Bank, shares why further weakening in the yuan is unlikely.
The dollar fell against major world currencies on Monday as investors took profits on the greenback's surge last week.
China's trade figures missed expectations by a wide margin in October, reinforcing views Beijing will need to do more to stimulate demand.
China's President Xi is dropping into Singapore for a two-day state visit with Singapore's Prime Minister Lee. Here's what is likely to top the agenda.
The dollar jumped to a more than six-month high on after data showed the U.S. economy created more jobs than expected in October.
WASHINGTON, Nov 6- The Obama administration told Beijing on Friday that the United States still supports including the yuan in the IMF's benchmark currency basket, provided China meets the existing criteria of the international lender. "The conversation reflected the importance of China moving more rapidly towards a market-determined exchange rate in an...
BEIJING, Nov 6- China will keep the yuan within a reasonable range and continue to push forward interest rate and exchange rate reforms, the central bank said on Friday, in its third-quarter monetary policy report.
The dollar hit a three-month high against a basket of major currencies and a two-month peak versus the yen.
MSCI's benchmark emerging market index slipped 0.5 percent, with bourses in Turkey and Greece losing around 1 percent and shares in South Africa, Russia and much of eastern Europe posting losses. Currencies broadly weakened against the dollar with Turkey's lira and Israel's shekel slipping 0.3 percent and Russia's rouble and South Africa's rand weakening...
China's ghost towns may still spook retail investors, but big money players are still targeting the mainland's property sector.
The dollar rose sharply as remarks from Fed Chair Janet Yellen intensified bets the central bank would raise interest rates next month.
KAZAKHSTAN- sold about $3.9 billion from the rainy-day National Fund in October. China's foreign exchange reserves fell by $43.3 billion in September, after shrinking almost $100 billion in August. MEXICO- Regularly sells dollars, offering $200 million daily and another $200 million when the peso falls more than 1 percent.
BEIJING/ SHANGHAI, Nov 4- International Monetary Fund policymakers plan to meet in November to review whether to include the Chinese yuan in the Fund's reserve currency basket, but a specific date has not been set, the IMF said in a statement on Wednesday. China Business News, a respected domestic finance newspaper, said on its website that the IMF was pushing back...
SHANGHAI, Nov 4- China's yuan firmed against the dollar on Wednesday after President Xi Jinping said the country could maintain its economic growth and some state-owned banks sold dollars to support the Chinese currency, traders said. The People's Bank of China set the midpoint rate at 6.3343 per dollar prior to the market's opening, 0.05 percent weaker than...
WASHINGTON, Nov 4- International Monetary Fund policymakers are expected to decide this month whether to add China's yuan to the Fund's benchmark currency basket after a campaign by Beijing for inclusion. Joining the Special Drawing Rights basket would mark a symbolic coming of age for China as an economic power and an acknowledgement of its efforts to...
Australia's dollar gained almost 1 percent on Tuesday, after the country's central bank declined to cut interest rates further.
The dollar fell against the euro on Monday after comments from two members of the European Central Bank's governing council.
James Bevan, chief investment officer of CCLA Investment Management, expects the Chinese economy to slow at some point after the current round of stimulus.
Xu Xiang, head of one of China's largest private money managers, has been arrested, as Beijing ramps up its crackdown on market manipulators.