Currencies Chinese Yuan

More

  • Ugly China flash PMI is no surprise: Strategist Friday, 21 Aug 2015 | 12:09 AM ET
    Ugly China flash PMI is no surprise: Strategist

    Daniel So, strategist at CMB International Securities, outlines the factors that contributed to the weak flash Caixin/Markit manufacturing purchasing managers' index (PMI) for August.

  • Did nerves get the better of China A-shares? Thursday, 20 Aug 2015 | 9:34 PM ET
    Did nerves get the better of China A-shares?

    David Zhang, head of E Fund & PM at E Fund Management, US, says Chinese investors tend to "buy the rumor [and] sell the news". The Shanghai Composite nearing the 4,000 level also prompted some profit-taking, he adds.

  • Amid the EM sell-off, opportunities emerge: Pro Thursday, 20 Aug 2015 | 9:07 PM ET
    Amid the EM sell-off, opportunities emerge: Pro

    Adrian Mowat, MD, chief Asian and emerging market equity strategist at JP Morgan, explains why markets have been "overly dramatic" to the sell-off in emerging markets.

  • Swire Pacific: China's doing 'ok' Thursday, 20 Aug 2015 | 7:44 PM ET
    Swire Pacific: China's doing 'ok'

    John Slosar, chairman of Swire Pacific, says global markets are overreacting to the slowdown in China and explains why the weaker yuan won't dent the spending power of Chinese consumers.

  • Dollar slips as Fed rate hike hopes recede, euro rises Thursday, 20 Aug 2015 | 3:15 PM ET

    The dollar fell against a basket of major currencies, with investors trimming bets in its favor.

  • *Euro tops $1.12 to strongest level since June. NEW YORK, Aug 20- The dollar fell against the euro and other major currencies on Thursday as bets dwindled that the Federal Reserve next month will raise U.S. interest rates for the first time in nearly a decade. The euro rose the most among major currencies, gaining more than 1 percent against the dollar to top $1.12,...

  • *Euro tops $1.12 to strongest level since June. NEW YORK, Aug 20- The dollar fell against the euro and other major currencies on Thursday as bets dwindled on the Federal Reserve next month raising U.S. interest rates for the first time in nearly a decade. The euro posted the best gains among major currencies, rising 0.80 percent against the dollar to top $1.12, due to...

  • ALMATY, Aug 20- The tenge lost more than a quarter of its value on Thursday as Kazakhstan fired the latest salvo in an emerging market currency war, ditching a trading band stretched to breaking point by sharp falls in crude and commodities prices. Prime Minister Karim Masimov said floating the tenge would recover ground that oil-dependent Kazakhstan has lost...

  • UPDATE 2-Kazakhstan floats tenge, currency tumbles Thursday, 20 Aug 2015 | 3:15 AM ET

    ALMATY, Aug 20- Kazakhstan's under-pressure tenge lost more than a quarter of its value on Thursday after the oil producing central Asian nation, hit by a sharp fall in world crude prices, introduced a freely floating exchange rate for the currency. Acting against a backdrop of devaluation and depreciation in the currencies of some of its major trading partners...

  • Brace for more weakness in EM currencies Wednesday, 19 Aug 2015 | 6:53 PM ET
    Brace for more weakness in EM currencies

    Kathy Lien, managing director of FX Strategy at BK Asset Management, expects China's slowdown, the sell-off in commodities and a looming U.S. rate hike to weigh on emerging market currencies.

  • What Beijing must do to shore up market sentiment Wednesday, 19 Aug 2015 | 6:48 PM ET
    What Beijing must do to shore up market sentiment

    Toby Lawson, managing director at Societe Generale Newedge, says Chinese authorities may need to look at lowering the reserve requirement ratio (RRR) so as to induce a sense of normality.

  • SSA: Still optimistic about a shipping recovery Wednesday, 19 Aug 2015 | 6:36 PM ET
    SSA: Still optimistic about a shipping recovery

    Esben Poulsson, president of the Singapore Shipping Association (SSA), says he's not pessimistic about the dry bulk shipping market, despite reports saying that a return to profitability isn't expected until 2017.

  • China's not done with yuan devaluation yet: Pro Wednesday, 19 Aug 2015 | 6:21 PM ET
    China's not done with yuan devaluation yet: Pro

    Kathy Lien, managing director of FX Strategy at BK Asset Management, outlines the three goals that will likely motivate Beijing to weaken the yuan further.

  • Dollar droops as hopes for interest rate hike dim Wednesday, 19 Aug 2015 | 4:39 PM ET

    The dollar fell on Wednesday as investors positioned for a U.S. interest rate hike in September pulled back.

  • WASHINGTON, Aug 19- The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of a review of global reserve currencies. Beijing, keen for its currency to have equal billing with the euro, yen, pound and dollar, has been pushing...

  • WASHINGTON, Aug 19- The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of a review of global reserve currencies. Beijing, keen for its currency to have equal billing with the euro, yen, pound and dollar, has been pushing...

  • China in trouble as oil heads to $40: Mark Grant Wednesday, 19 Aug 2015 | 6:43 AM ET
    China in trouble as oil heads to $40: Mark Grant

    Mark Grant, Southwest Securities, says devaluation of the yuan and Chinese market manipulation are signs of concern in China. Also Grant provides his call on oil.

  • LONDON, Aug 19- Some major emerging currencies took a breather on Wednesday after a bruising few days, but many smaller ones were still suffering, while stocks hit fresh multi-year lows on reverberations from the weakening yuan. Russia's rouble ended six straight days of losses to gain 0.2 percent against the dollar, while South Africa's rand matched those...

  • LONDON, Aug 19- Fears about China's economy kept emerging markets under heavy pressure on Wednesday, while the dollar eased as traders waited on minutes from last month's Federal Reserve meeting for any hints on U.S. rate hike plans. On another rollercoaster day in Asia, Chinese shares plunged again before ending higher, Vietnam devalued its currency and...

  • LONDON, Aug 19- China's currency devaluation should give a shot in the arm to global foreign exchange volumes as traders take advantage of and protect themselves against the surprise surge in volatility, but its longer-term impact on market activity may not be so benign. "Any prolonged uncertainty in the market resulting from this, and real-money players such...