Markets participants, however, say surging rates are likely to be short-lived as worries over yuan weakness may be overplayed and there is sufficient yuan liquidity in Hong Kong. Piling pressure on the yuan, China's State Council said on Friday it would liberalise yuan trading, among other measures, to support exports. "Following the sharp rebound in CCS, it is...» Read More
The euro stayed well-bid on Tuesday, scaling a fresh five-year high on the yen and a six-week peak against the dollar as expectations for further stimulus from the European Central Bank continued to fade.
Stuart Oakley, Managing Director, Asian Currency Trading at Nomura, explains the massive demand behind yuan trades.
CNBC's Eunice Yoon reports on all the market moving events from Asia, as the Chinese yuan hits new highs against the U.S. dollar.
The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak versus the yen on Monday after strong U.S. payrolls data boosted risk appetite.
The dollar rallied against the yen after stronger-than-expected jobs data stoked expectations the Fed may start reducing bond buying sooner than expected.
The euro rose to a five-week high against the dollar on Thursday after the European Central Bank left a key interest rate unchanged and its president Mario Draghi downplayed deflation risks.
The dollar rose against the yen and the euro on Wednesday.
Boris Schlossberg, BK Asset Management, and Sean Hyman, Ultimate Wealth Report, provide their outlooks on currencies and precious metals.
Charles Li, CEO of Hong Kong Exchanges and Clearing, and Magnus Bocker, CEO of the Singapore Exchange, discuss their collaboration to promote the internationalization of the renminbi.
The yen rose against the dollar and the euro on Tuesday, rebounding from losses as falling stock markets worldwide prompted safe-haven demand for the Japanese currency.
The dollar climbed to a more than six-month high against the yen on Monday on speculation the Bank of Japan may expand its already massive economic stimulus.
Michael Kurtz, Global Head of Equity Strategy at Nomura, says markets have been preparing themselves for a Fed taper and lists his reasons for declaring an end to the global financial crisis.
The euro traded near a five-year peak against the yen and a one-month high against the dollar.
The yen clawed back lost ground against the euro and dollar in Asia on Thursday after touching fresh lows against both, on track for one of its worst monthly performance this year.
The euro rose near a one-month high against the dollar and a four-year high against the yen.
The dollar dropped broadly on Tuesday, as lower U.S. Treasury debt yields drove investors to trim bullish bets.
After going steady for the last few months, the dollar and the yen are about to break up again, according to strategists.
The yen hit a six-month low against the dollar and a four-year trough versus the euro on Monday as a deal on Iran's nuclear program sent risk higher.
The euro climbed to a four-year peak against the yen and rose for a second straight day versus the dollar on Friday.
The dollar jumped to its highest in more than four months against the yen on Thursday.