Yellen's speech cited persistent labor market slack but noted faster recovery in the sector could accelerate the timing of a Fed interest rate hike.» Read More
OCBC's planned rights issue to finance its pricey Wing Hang Bank acquisition has reassured the market, but now it must overcome skepticism.
U.S. housing starts surged past expectations in July, snapping two straight months of declines.
The US dollar rose against a basket of major currencies on Monday on reduced concerns over Russia and Ukraine and positive US housing data.
*Spot rate and c.bank guidance rate rarely trade together. SHANGHAI/ HONG KONG, Aug 18- China's central bank and currency traders have found rare consensus on the yuan's value after months of widely divergent pricing, but analysts are divided about whether the current accord signifies a genuine relaxation of control by Beijing.
The dollar failed to get a safe-haven boost despite news that the Ukraine-Russia conflict had entered a potentially dangerous phase.
China's recent anti-monopoly law enforcement may be less about targeting foreign companies than combating another potential threat: income inequality.
A robust U.S. 30-year bond auction supported Treasuries prices in general and weighed on yields, which has underpinned the greenback, analysts said.
The British pound also falls on inflation, wages data, and the yen is subdued after Japan's Q2 GDP contraction.
The euro fell towards 9-month lows against the dollar on Tuesday, as investors positioned for a weak German sentiment survey.
The Norwegian crown hit a seven-week high against the euro after Norway reported consumer inflation unexpectedly jumped in July.
Kelvin Lau, Senior Economist, Asia at Standard Chartered Bank, expects the Chinese yuan to appreciate against the greenback in the months ahead.
Patrick Bennett, FX Strategist at CIBC, expects a recovery in China's economy and trade data to fuel further appreciation in the renminbi.
The euro gained against the dollar and sterling, and investors flocked to the Swiss Franc and yen as Obama approved air strikes in Iraq.
The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.
Despite simmering tensions between China and Southeast Asia, trade between them has surged in recent years and the ties will only deepen, HSBC said.
The dollar held near an 11-month high, supported by upbeat U.S. data, while the New Zealand dollar took a hit from a fall in dairy prices.
Viagra's patent in China has expired and some analysts expect cheaper prices will bring a surge of demand for the storied erectile dysfunction drug.
The US dollar extended a rally after an 8-1/2 year high in services growth and a bigger-than-expected increase in factory orders.
The euro headed back below $1.34 on Tuesday after a survey of Italian service sector purchasing managers disappointed on the low side.
The dollar hovered around 10-month highs ahead of U.S. jobs data on Friday.