The dollar was slightly firmer advancing against the euro and sterling in thin trade with several key financial centers shut for holidays.» Read More
May 3- The International Monetary Fund is close to declaring China's yuan fairly valued for first time in more than a decade, the Wall Street Journal reported on Sunday.
Michael Every, head of Financial Markets Research, Asia-Pacific for Rabobank, discusses news that the IMF is on the verge of declaring China's currency fairly valued.
The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies.
China's official PMI came in at 50.1 for April, a tad above expectations, but still indicating the world's second-largest economy is cooling down.
The greenback reversed earlier losses to trade higher against a basket of currencies on Thursday.
The yen pushed higher on Thursday after the BOJ kept policy unchanged and held off from expanding its monetary stimulus.
The dollar dropped to an eight-week low after a weak U.S. consumer confidence report.
Sterling has boomed since mid-April and some analysts say the rally could run way beyond next month’s national election.
The euro scaled a three-weak peak against the dollar on optimism about Greece's prospects after the government reshuffled its bailout team.
China shares have surged this year, but with active fund managers still underexposed to the market, the rally isn't over, Goldman Sachs said.
Jukka Pihlman, Head of Central Banks & Sovereign Wealth Funds at Standard Chartered Bank, says yuan inclusion into the SDR basket would be a "healthy development."
Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.
The dollar fell against most other major currencies on Thursday, while the euro rose on waning fears of a Greek default.
WASHINGTON, April 22- U.S. senators on Wednesday backed tough rules against currency manipulation by trading partners as part of a package of trade bills key to sealing a Pacific trade pact. Treasury that such a move could open the door to retaliation against the United States. A committee vote on that legislation, which the White House sees as critical to...
The dollar edged upward after a jump in U.S. home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.
The euro inched up against the dollar, pivoting from early losses following an ECB proposal.
Despite fears Kaisa's bond default may herald of a wave of more to come from China, the developer's troubles may be more of a one-off soap opera.
The dollar rose broadly, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts.
WASHINGTON, April 18- The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects." With the United States poised to hike interest rates, the panel- speaking for the Fund's 188 member nations- said moves...
WASHINGTON, April 18- Beijing will accelerate reforms to the country's currency as part of a push for the yuan's inclusion in the International Monetary Fund's currency basket, China's central bank governor Zhou Xiaochuan said on Saturday. Winning approval for the yuan's inclusion in the IMF's currency basket could raise China's standing in the global...