The yen hit a high against the euro and rose against the dollar as traders lower expectations of a Japanese stimulus injection. » Read More
The dollar rose against a basket of currencies on Friday as U.S. producer prices in July hinted some pickup in inflation.
The weakening of the yuan will help boost Chinese profits from overseas ventures as those earnings are brought back to China.
Insight to the timing of China's decision to devalue the yuan, and the market response. David Rosenberg, Gluskin Sheff chief strategist.
For many in the ranks of China's wealthy, the shock devaluation in the yuan is a cause of regret - that they hadn't moved more money offshore sooner.
Callum Henderson, global head of FX research at Standard Chartered, talks about the drop of the Malaysian ringgit and the depreciation of China's yuan.
Rick Sharga, executive vice president at Auction.com, says the devaluation of the yuan likely sparked a flight-to-safety, which underpinned an increase in the demand for U.S. properties.
Ray Attrill, co-head of FX strategy at National Australia Bank, says Friday's yuan fixing suggests that the People's Bank of China isn't trying to engineer a sharp devaluation of the currency.
Puru Saxena, CEO of Puru Saxena Wealth Management, expects the People's Bank of China to continue weakening its currency amid a persistent slowdown in the economy.
Michael Beer, VP, Asia Pacific transportation research at Citi Investment Research and Analysis, outlines Cathay Pacific's strengths as competition intensifies on the trans-Pacific routes.
Global markets may have convulsed since China pushed its currency lower but the step is "completely meaningless," says perma-bear Marc Faber.
Bhaskar Laxminarayan, chief investment officer for Asia at Pictet Wealth Management, expects China's economic growth to slow to almost 3-4 percent by the end of the decade.
Paul Mackel, head of emerging markets FX strategy at HSBC, says the sharp depreciation in the yuan may result in a transfer of volatility into other Asian currencies.
Keith Fitz-Gerald, chief investment strategist at MoneyMorning.com, says the devaluation of the Chinese yuan has "dramatically complicated things for the Fed."
Marc Faber, editor and publisher of the Gloom, Doom & Boom Report, explains why China's move to push its currency lower this week is “completely meaningless.”
Dennis Yao, property & healthcare sector analyst at GF Securities Hong Kong Brokerage, says the devaluation of the yuan will likely be "a short-term and one-off issue" for Chinese property developers.
Mikio Kumada, executive director & global strategist at LGT Capital Partners, says the devaluation of the yuan is part of China's adjustment to a slow-growth environment, which doesn't bode well for stocks.
Hugh Young, managing director of Aberdeen Asset Management Asia, discusses the recent decisions by the People's Bank of China, which have been seen as a divergence from the "steady, quiet moves" over the years.
Hugh Young, managing director of Aberdeen Asset Management Asia, discusses the possibility of renewed risks from Greece as the country's parliament votes on a new bailout agreement Friday.
Singapore's property shares, already hit by expectations of rising rates, took a beating after China devalued its currency and more pain may be ahead.
Wayne Lin, portfolio manager & investment strategy analyst at QS Investors, says the devaluation of the yuan is part of China's push for the currency to be included in the IMF's Special Drawing Rights (SDR) basket.