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  • 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...

  • More yuan slides to come? This expert says yes Tuesday, 18 Aug 2015 | 11:54 PM ET
    More yuan slides to come? This expert says yes

    Subir Gokarn, director of research at Brookings India, says other countries competing with China in terms of exports will have to work with the assumption that there will be further depreciation in the yuan.

  • China's yuan slips as mainland stocks slide Tuesday, 18 Aug 2015 | 11:00 PM ET

    HONG KONG, Aug 19- China's yuan edged lower on Wednesday as stocks fell over 2 percent in opening trades, though a broadly flat yuan fixing checked sharp losses for the currency. Traders in China's currency markets have been wary of sharp swings in daily fixing rates after the central bank's surprise devaluation of its currency by nearly 2 percent on Aug. 11.

  • Will Bangkok blast dent the tourism sector? Tuesday, 18 Aug 2015 | 10:49 PM ET
    Will Bangkok blast dent the tourism sector?

    Roy Teo, senior FX strategist at ABN AMRO Bank, says Thailand's tourism industry will likely be impacted in the near term, thereby raising the risk for more fiscal and monetary stimulus.

  • The yuan is still overvalued, says this expert Tuesday, 18 Aug 2015 | 10:19 PM ET
    The yuan is still overvalued, says this expert

    Alan Robinson, vice president & research analyst at RBC Wealth Management, expects the yuan to hit 6.9 against the dollar over the next 12 months, adding that the devaluation is a "step in the right direction."

  • Shanghai Comp extends losses: Should you be worried? Tuesday, 18 Aug 2015 | 9:34 PM ET
    Shanghai Comp extends losses: Should you be worried?

    Following the 6.1 percent slump on the Shanghai Composite, a 1-2 percent fall in the index on Wednesday is "not surprising at all," says William Ma, CIO of Gottex Fund Management.

  • Santelli Exchange: China's command and control approach Tuesday, 18 Aug 2015 | 10:44 AM ET
    Santelli Exchange: China's command and control approach

    CNBC's Rick Santelli discusses the weakening of the yuan, with Burton Malkiel, Princeton University and Wealthfront CIO.

  • LONDON, Aug 18- A 6 percent drop in Chinese stocks on Tuesday drove currency investors into safe-haven currencies such as the yen and the Swiss franc, albeit in thin volumes. That bolstered expectations that the Bank of England will raise interest rates in coming months and helped sterling gain 0.6 percent against the dollar and the euro. Earlier, China's main...