SHANGHAI, Sept 2- China's yuan firmed at the open on Wednesday, after sources with knowledge of the matter said a day earlier that China's central bank plans to tighten rules on trading of currency forwards from October. The move is aimed at curbing speculation and volatility after a surprise depreciation in August. The People's Bank of China set the midpoint...» Read More
The euro slid further in early trade in Europe on Friday after strong words from European Central Bank chief Mario Draghi that halted its march this year to a 2-1/2 year high.
The US Dollar, euro and British pound are all falling following a meeting of the European Central Bank.
Positive signs from the US economy have failed to boost the greenback, while tensions in Ukraine are driving traders to the yen.
The yen rose to a two-week high against the dollar on Monday after a survey showing China's manufacturing activity contracted.
The dollar inched up from a three-week low on Friday, on expectations of a robust U.S. jobs number, after a weak growth report earlier this week.
The euro trod water in early European trade on Wednesday with all eyes on euro zone inflation numbers due later.
The euro traded at multi-week highs against the yen early on Tuesday and held firm against the dollar after a strong performance overnight.
The euro rose to a two-week high against the dollar on Monday, supported by expectations inflation in the euro zone will tick up.
Key U.S. data culminating in Friday's closely-watched jobs report and the Fed's target measure of inflation a day earlier may offer some sustenance to a directionless dollar, CNBC's latest market survey showed.
Michael Kurtz, Global Head of Equity Strategy at Nomura, says Beijing's move to relax currency controls for multinationals is a sign that regulators are doing their best to reverse hot money inflows.
The dollar struggled against the yen and Swiss Franc as rising tensions in Ukraine offset optimism about U.S. economic growth.
In 25 years the U.S. dollar will probably still be the world's reserve currency, and bitcoin may not be around at all.
The euro struggled to make headway on Thursday amid caution before a speech by ECB President Mario Draghi.
Klaus Baader, Chief Economist, Asia Pacific at Societe Generale, says the yuan is no longer undervalued and it would be "inappropriate for it to continue to appreciate."
The US dollar was weakened by falling equity prices, Treasury yields, and a slower-than-expected expansion in the US manufacturing sector.
The European Central Bank's Mario Draghi made clear the euro's strength is a possible trigger to ease monetary policy.
A record Japanese trade deficit in the fiscal year fueled the dollar's rise against the yen, but tensions in Ukraine were likely to limit losses.
The dollar fell against a basket of currencies on Thursday after Federal Reserve chief Janet Yellen reiterated an accommodative monetary policy stance.
The yen fell on Wednesday, hit by comments by Japan's finance minister that traders took as a sign of a weaker yen.
The yen fell against the dollar and the euro on Wednesday, on pension fund comments by Japan's finance minister.