BEIJING, Oct 3- China is studying plans to curb currency speculation even as it seeks to quicken the process of making the yuan trade freely, a deputy central bank governor said. Beijing will further open up its capital markets and develop its foreign exchange market as it aims to "accelerate the renminbi convertibility on the capital account," Yi Gang wrote in an...» Read More
CNBC's Eunice Yoon reports highlights of the tense relationship between the two countries as they confront issues of cybersecurity and trade.
The dollar tumbled against the euro and yen on Wednesday after the minutes from the Fed's policy meeting dented expectations of a near-term reduction in stimulus.
The U.S. dollar edged off three-year highs against major currencies on Monday but looked poised to resume gains after last week's strong U.S. jobs data.
Boris Schlossberg, BK Asset Management, provides his views on currencies and the U.S. dollar's climb back. And Kevin Book, ClearView Energy Partners, has the outlook on oil and gas prices.
The dollar touched a five-week high against the yen and a six-week peak against the euro on Friday on good U.S. jobs data.
Thomas Vitiello, Aurum Options Strategies, provides his short-term bearish outlook on gold prices. And David Woo, BofA Merrill Lynch, discusses why the U.S. dollar is poised to get stronger.
The euro fell to a five-week low against the dollar on Thursday after the European Central Bank chief's announcements.
The yen rose across the board on Wednesday as political instability in Egypt and Portugal prompted investors to seek refuge in the Japanese currency.
The dollar breached 100 yen again to hit a four-week high on Tuesday amid growing optimism that U.S. jobs data will prompt the Federal Reserve to scale back stimulus.
The dollar fell against most currencies, while the yen dropped to its lowest in nearly four weeks versus the greenback on Monday.
The sell-off in commodity currencies over the past two weeks has hit the Norwegian krone particularly hard, but according to one strategist the decline is "overdone" and the krone is set for a rebound.
The dollar advanced against the yen and the euro on Friday as investors resumed pricing in the possibility that the Federal Reserve will begin to pare back its bond-buying program as soon as its September policy meeting.
The dollar slid against the euro on Thursday, after two days of gains as Federal Reserve officials downplayed expectations the U.S. central bank would start scaling back its stimulus program and said the Fed could buy bonds again if the economy weakens.
The euro declined to a three-week low against the U.S. dollar and fell against Japan's yen on Wednesday after ECB President Mario Draghi highlighted risks to euro zone growth and said monetary policy will stay accommodative.
"We've been seeing tightening since the end of last year," said Leland Miller, China Beige Book International president, discussing the Chinese government's attempt to rein in credit and target shadow bankers.
The Hong Kong Stock Exchange and the LME have signed a deal with the Bank of China to explore the possibility of clearing of commodity products in renminbi. CNBC's Emily Chan sat down with the HK Stock Exchange's chief executive Charles Li for more details.
The euro hit session highs on Monday, rallying from nearly three week lows, in tandem with U.S. stocks paring their losses and commodities gaining sharply.
CNBC's Michelle Caruso-Cabrera takes a look at the unintended consequences of the credit crunch in China.
Gordon Chang, Forbes columnist, explains why he believes China is on a downward slope that will only become steeper.
The U.S. dollar was headed for its biggest weekly gain in almost a year against major currencies on Friday.