The dollar fell as upbeat European economic data and a drop in U.S. manufacturing employment knocked the greenback from 8-1/2-month highs.» Read More
China is set to scrap its longstanding loan-to-deposit ratio requirement for banks, marking another step in reforming the sector to spur lending.
Even if the yuan is included in the IMF's Special Drawing Right (SDR) currency basket, it will not be a financial gamechanger, says Patrick Chovanec, chief strategist at Silvercrest Asset Management.
The dollar pared earlier losses on Wednesday after edging lower while U.S. 10-year Treasury yields dipped.
Jeremie Waterman, executive director for China at the US Chamber of Commerce, says issues such as IP protection and business practices will be discussed at the Strategic and Economic Dialogue (S&ED).
David Loevinger, managing director of Emerging Markets Sovereign Research at The TCW Group, expects both countries to highlight shared interests at the annual Strategic and Economic Dialogue (S&ED).
The U.S. dollar rose on Tuesday, underpinned by rising U.S. Treasury yields and prospects for interest rate increases.
China manufacturing remained stuck in a rut in June, with HSBC flash PMI data improving slightly, but still indicating contraction for a fourth month.
U.S. and China held "candid and to-the-point" talks aimed at managing the complex relationship between the world's two biggest economies, a U.S. official said.
China's soft economic data belie the "broad-based recovery" that has taken place during the second quarter in the world's number two economy.
The euro was mixed on Monday as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape.
Greece's drama is nearing a potentially catastrophic denouement, likely hijacking market attention from economic pulse checks on China and Japan this week.
The euro fell against other major currencies, weighed down by anxieties that Greece may soon default on debts.
BEIJING, June 19- China's central bank and commercial banks bought a net $5.2 billion in foreign exchange in May, official data showed, indicating small money inflows, but analysts still expect further policy easing to support the slowing economy. Data published by the State Administration of Foreign Exchange on Thursday showed that banks alone bought a net...
The dollar declined, with weaker-than-forecast US consumer inflation data making traders even more uncertain about when the Fed will hike rates.
WASHINGTON, June 18- U.S. officials will press their Chinese counterparts on currency policy at high-level talks next week, and have not taken off the table the possibility that the United States may one day join a China- led infrastructure bank, a senior U.S. Asked whether the United States might someday join China's new Asian Infrastructure Investment Bank, the...
The euro rose on Wednesday shortly after the U.S. Federal Reserve left its benchmark interest rates unchanged.
The euro was held hostage by the crisis in Greece while the dollar held firm after solid U.S. housing data bolstered the case for the Fed rate hike.
*China had Jan-May net capital inflows of around $20 bln. BEIJING, June 17- China's banks made net foreign exchange purchases of $1.3 billion for clients in May, the country's forex regulator said on Wednesday, releasing data that helps dispel worries about possible capital flight from heavy outflows in recent months. Wang said China had net capital inflows of...
BEIJING, June 17- China will cooperate with the International Monetary Fund in an assessment of whether the yuan should be included in the fund's currency basket, known as Special Drawing Rights, China's foreign exchange regulator said on Wednesday.
China's policymakers allured by tech sectors are showing less support for low-end manufacturing, even though it's still a big slice of the economy.