The dollar index rose on Friday after positive consumer spending data suggested the Fed may raise interest rates this year.» Read More
LONDON, Sept 3- The euro steadied on Thursday, having rallied 1.5 percent on a trade-weighted basis since China devalued the yuan last month, with the focus on whether the rise could prompt the European Central Bank to try to talk it down. ECB President Mario Draghi will address a news conference at 1230 GMT, less than an hour after an interest rate decision.
Kelvin Tay, MD & Regional CIO, Southern APAC at UBS Wealth Management, expects trading in China's equity markets to remain volatile due to ongoing deleveraging among mainland investors.
Eric Robertsen, head of global macro strategy at Standard Chartered Bank, says the recent easing has only offset Beijing's intervention in the FX market hence authorities will likely roll out more monetary stimulus.
HONG KONG/ SHANGHAI, Sept 2- China has announced tougher rules on trading stock index futures and foreign exchange derivatives as it seeks to steady jittery markets whose weakness has raised concern over the health of the world's second-largest economy. But the way it has pushed through a raft of measures in recent weeks has heightened foreign investors'...
Karthik Sankaran, Eurasia Group, provides perspective to China's economic slowdown and the government's attempts to stabilize markets and the Chinese economy.
Scott Kennedy, Center for Strategic and International Studies, provides insight to China's struggling economy as it attempts to move from an investment-led economy to a services and consumer-based one.
Nick Bennenbroek, Wells Fargo Securities, shares his outlook on currencies and the Chinese yuan.
SHANGHAI, Sept 2- China's foreign exchange regulator issued new rules on Friday relaxing restrictions on multinational companies' management of their foreign currency-denominated debt in China, allowing them to pool debt from all their subsidiaries for central management. The rules, which take effect immediately on a trial basis, permit these companies to...
HONG KONG/ SHANGHAI, Sept 2- China's central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, as Beijing moves to make it more expensive to bet on more depreciation of the yuan. According to the People's Bank of China document seen on Wednesday, reserve ratios will be set at 20...
SHANGHAI, Sept 2- China's yuan firmed at the open on Wednesday, after sources with knowledge of the matter said a day earlier that China's central bank plans to tighten rules on trading of currency forwards from October. The move is aimed at curbing speculation and volatility after a surprise depreciation in August. The People's Bank of China set the midpoint...
Ronald Wan, chief executive, investment banking at Partners Capital International, says Chinese investors are not willing to hold shares ahead of a long weekend.
David Riedel, president & founder at Riedel Research Group, says Beijing's recent double policy easing requires time to take effect, likely in fourth quarter.
Stocks are deep in the red today and China is the main culprit. CNBC's Eunice Yoon reports the latest developments.
The yen and the euro rose on concerns about China, as investors unwound bets against the two currencies used to fund holding riskier assets.
Michael Zinn, UBS, and Stephen Wood, Russell Investments, say there is better valuations in the U.S. and investors may be able to benefit.
Richard Iley, chief economist for emerging markets at BNP Paribas, discusses Chinese economic data and China's service sector.
SHANGHAI, Sept 1- China's central bank plans to tighten rules on trading of currency forwards from October, sources with direct knowledge of the matter told Reuters, in a move to curb speculation and volatility after a shock devaluation of the currency last month. The People's Bank of China has repeatedly intervened to stabilize the yuan since the Aug. 11...
While the Reserve Bank of Australia (RBA) will likely keep interest rates on hold, the assessment of China-related risks will be key, says Ben Jarman, senior economist at JP Morgan.
Simon Grose-Hodge, head of investment advisory at LGT Bank Singapore, says the sell-off has been overdone, while Beijing's monetary easing shows that it is ready to do more to prop up growth.
SHANGHAI, Sept 1- China's central bank will tighten rules on trading of currency forwards from next month, sources with direct knowledge of the matter told Reuters, in a move to curb speculation and rising volatility after a sharp sell-off in the currency. The People's Bank of China has repeatedly intervened to stabilize the yuan since it shocked global markets...