The dollar rebounded on Friday after data showed a pickup in U.S. wages, suggesting rates hikes are more likely to happen in 2016.» Read More
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.
*Russia, South Africa, other emerging CDS keep rising. LONDON, Aug 17- An emerging market rout kept Russia's rouble, Malaysia's ringgit, Turkey's lira and Israel's shekel under fire on Monday, as another 1 percent drop for EM stocks left them at an almost four-year low. Russia's rouble also touched a six-month low as another drop in oil prices- crude is Russia's'...
CNBC's Eunice Yoon reports public health risk fears are rising after the explosion in Tianjin Port last week.
LONDON, Aug 17- The dollar rose against a basket of currencies for a third trading day running on Monday, as worries about a China- led "currency war" abated and traders focused instead on the prospect of higher U.S. interest rates. The dollar index had hit a one-month low last week after a surprise decision by the People's Bank of China to devalue the yuan threw cold...
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.
MANILA, Aug 17- Gold edged higher on Monday as concerns persisted over a weaker yuan after China devalued its currency last week, with the uncertainty likely to burnish bullion's safe-haven appeal. "The repercussions of China's move are more deep seated than it appears and over the course of the next few weeks, gold should remain elevated on growing concerns...
Edison Bian, head of China property at UOB Kay Hian, says the weaker yuan adds pressure to Vanke's high-end projects, as well as the developer's dollar-denominated debts.
China's yuan opened weaker against the dollar on Monday but was stronger than the official midpoint fixed by the central bank.
Wayne Gordon, commodities and FX strategist at UBS Wealth Management and David Mann, chief economist, Asia at Standard Chartered, discuss whether China's move to devalue the yuan added to fears of a currency war.
David Mann, chief economist, Asia at Standard Chartered, discusses the People's Bank of China's new yuan midpoint mechanism, adding that he expects the yuan to hit 6.50 against the dollar by year-end.
Han Ching Choong, investment manager & principal at Kriya Capital, outlines the "landscape shifts" in China which provide good investment opportunities in the long run.
Sam Le Cornu, co-head of Asian listed equities & head of investments at Macquarie, expects continued volatility in Chinese stock markets amid a sharp devaluation in the yuan.
*MSCI Asia-Pacific index steady, Japan's Nikkei gains 0.6 pct. TOKYO, Aug 17- Asian stocks were little changed on Monday as investors' nerves continued to settle after China's surprise yuan devaluation last week, while the dollar held modest gains against the euro after upbeat U.S. economic data. The index lost 2.6 percent last week to a two-year low after Beijing...
A 3-4 percent devaluation in the yuan won't impact the credit worthiness of Chinese borrowers, says Tim Jagger, senior vice president & portfolio manager for High Yield at Aviva Investors.
*Yen shows muted response to Japan Q2 contraction. TOKYO, Aug 17- The dollar started the week on a firmer footing on Monday as traders looked to the prospects of a U.S. rate hike next month while the yen was little moved after data showed Japan's economy shrank in the April-June quarter. The U.S. currency is slowly recovering from the damage it suffered last week after...
Roger Xie, China equity strategist at HSBC, says the airline, property, retail and insurance sectors will likely underperform amid a sharp depreciation in the yuan.
The yuan will likely depreciate further as China takes a step back from currency intervention and as the Fed prepares to raise rates in September, says Khoon Goh, senior FX strategist at ANZ.