The dollar index rose on Friday after positive consumer spending data suggested the Fed may raise interest rates this year.» Read More
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.
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...
HONG KONG, Aug 18- China's yuan closed flat against the dollar on Tuesday after the central bank set a slightly stronger midpoint as the market awaited clues of future yuan movements. The People's Bank of China set the midpoint at 6.3966 per dollar prior to market open, weaker than the previous day's closing quote of 6.3947. Morgan Stanley revised down its USD/CNY...
Kamakshya Trivedi, chief EM macro strategist at Goldman Sachs, says he expects further Yuan devaluation; however the pace will be slowed.
LONDON, Aug 18- The dollar edged up on Tuesday, as focus shifted back to the prospect of the Federal Reserve raising interest rates and concerns eased that last week's devaluation of China's yuan could spark a global currency war. The data is likely to highlight subdued price pressures amid falling oil prices, and could raise doubts over when the Bank of England...
Ben Gutteridge, head of fund research at Brewin Dolphin, says he has reason to believe that we haven’t seen the end of China’s currency devaluation spree.
SINGAPORE/ TOKYO, Aug 18- The dollar edged higher on Tuesday, as focus shifted back to the prospect of the U.S. Federal Reserve raising interest rates amid receding concerns that last week's devaluation of China's yuan could spark a global currency war. "As long as China doesn't continue to aggressively devalue the Chinese yuan, we will see it in the next six months...
Herald Van Der Linde, head of equity strategy, Asia Pacific at HSBC, says average home prices in China are "trying to creep higher."
Catherine Yeung, investment director at Fidelity Worldwide Investment and independent economist Andy Xie, debate the outlook of China's all-important property sector.
Beijing made several policy missteps, including a misguided stock market bailout last month and the decision to sharply devalue the yuan, says Independent economist Andy Xie.
The dollar rose against a basket of currencies for a third trading day running, as worries about a China-led "currency war" abated.
Moody's senior VP of credit policy Marie Diron, discusses the economic impact of China's depreciation of the yuan.
An IMF official said the yuan reforms may bring China "close" to a floating rate. Markus Rodlauer, IMF's mission chief for China, explains the economic adjustment happening in China.
Emerging markets currencies took it on the chin Monday and one analyst has told CNBC that the selling will only intensify.
Jens Nordvig, Nomura Securities, shares his thoughts on China's currency devaluation. And Steve Forbes, Forbes Media chairman, weighs in.
CNBC's Eunice Yoon reports public health risk fears are rising after the explosion in Tianjin Port last week.
Claudio Piron, co-head of Asia FX Research at Bank of America Merrill Lynch, says the yuan will likely see stability in the near term as the People's Bank of China gears up for a cut in the reserve requirement ratio (RRR).
Despite a pick-up in capital outflows in the country's financial markets, the amount has been "fairly minimal," says Arjuna Mahendran, Governor of Sri Lanka Central Bank.
Asian travel hotspots may be counting on an ever-growing horde of Chinese tourists for growth, but the weaker yuan may choke off the flow of travelers.