SEOUL, Oct 31- South Korea will launch direct trading between the yuan and the won in December and adopt a series of measures to make the country an international hub for growing yuan businesses, the government said on Friday. South Korea will be the third country outside China to host direct trading of the yuan against its own currency after Russia and Japan, with...» Read More
The dollar steadied as investors awaited guidance from the U.S. Federal Reserve, expected to reiterate caution on raising interest rates.
HONG KONG/ SINGAPORE, Oct 29- Central banks from Asia to America are adding the Chinese currency to their portfolios as growing trade ties and a flurry of reforms by Beijing are leading reserve managers to view the renminbi as a viable reserve currency. Acceptance of the Chinese currency among central banks and sovereign wealth funds which manage billions of...
The dollar fell on Tuesday on disappointing U.S. durable goods and home price data ahead of a Federal Reserve policy meeting.
The euro recovered lost ground in rangebound trade on Monday, boosted by weaker-than-expected U.S. housing data.
The euro rallied on Friday ahead of an official report on the health of the euro zone's main banks as investors covered short-positions.
The dollar rallied on Thursday as investors plowed cash back into riskier asset classes, with an underpinning of promising data.
The US dollar extended broad-based gains on Wednesday after slightly higher-than-expected US inflation data and amid concerns over European banks.
*China copper output up 4.9 pct in Sept, new record. *LME week industry gathering continues in London. LONDON, Oct 22- Copper prices edged lower on Wednesday, pressured by a rise in the dollar against the euro and concerns about growing supplies in the market, though prospects of fresh monetary policy measures in Europe and China limited falls.
The euro fell sharply against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds.
Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets.
China is set to unveil key legal reforms, in a step closely watched by companies hoping for a more impartial legal system.
The PBOC plans to inject about $32.66 billion of loans into select listed banks to keep liquidity ample and support the economy, sources told Reuters.
The U.S. dollar edged higher against a basket of major currencies on Friday after strong data on U.S. consumer sentiment calmed nerves.
The U.S. dollar recovered against a basket of major currencies on Thursday on the view that Wednesday's selloff was overdone.
*Sept new loans 857.2 bln yuan vs f'cast 730- 735 bln yuan. *Sept TSF 1.05 trln yuan vs 957.4 bln yuan in Aug. BEIJING, Oct 16- China's banks increased lending in September, supporting Beijing's efforts to guide capital into the struggling economy, but foreign investment remained weak and forex reserve data showed signs of potential capital flight.
*Sept new loans 857.2 bln yuan vs f'cast 730- 735 bln yuan. But a drop on China's foreign exchange reserves in the third quarter signalled speculative money outflows amid increased worries about the country' economic slowdown. Worries that a sudden fall-off in credit supply could further hobble China's shaky economy were reinforced in July when total social...
The U.S. dollar hit a three-week low against the euro and a more than one-month low against the yen on Wednesday.
The U.S. dollar recovered against a basket of major currencies on Tuesday after worrying economic data came out of the euro zone and United Kingdom.
The US dollar fell against a basket of major currencies on Monday on concerns that the Fed may delay its first interest rate hike.
China Premier Li's trip to Moscow is expected to net as many as 50 trade deals, as sanctions spur Russia to accelerate ties with the mainland.