The dollar edged up against the yen on Friday on light bargain hunting, with markets slowly getting into gear after the Christmas holiday.» Read More
The dollar hovered at its highest in nearly nine years after strong U.S. economic growth caused market speculation of earlier interest rate hike.
SHANGHAI, Dec 24- China's yuan weakened on Wednesday, changing hands at 6.2307 per dollar at midday, 1.73 percent away from the official midpoint guidance rate, after touching 6.2325 per dollar in early trade, its lowest level since June. The dollar hovered at its highest in nearly nine years against a basket of major currencies on Wednesday after stunningly...
SHANGHAI, Dec 24- China's yuan weakened on Wednesday, changing hands at 6.2307 per dollar at midday, 1.73 percent away from the official midpoint guidance rate, after briefly touching 6.2325 per dollar in early trade, its lowest level since June. The dollar hovered at its highest in nearly nine years against a basket of major currencies on Wednesday after...
Asian currencies may take a wild ride in 2015 with central bank policies set to diverge as the Fed prepares to raise interest rates, analysts say.
Political unrest kept tourists away from Thailand for much of this year, but a surge in Chinese travelers may signal a recovery ahead, analysts say.
Australian dollar hit a 4-1/2-year trough against its U.S. counterpart as prices of iron for construction fell in China amid weak demand.
The euro bounced back from two-year lows against a slightly weaker dollar on Monday, with Greece's election among risks to a calmer mood.
The U.S. dollar rose against major currencies for a third session on diverging monetary policy between the Federal Reserve and other central banks.
SHANGHAI, Dec 19- China's yuan is plunging to fresh lows in December, declining 1.3 percent so far this month, heading toward its worst monthly performance since February and set to close the year down over 2 percent. "This is a dollar strength story and the CNY moves are market-driven," said Dominic Bunning, senior FX strategist at HSBC in Hong Kong.
Chinese shoppers are cashing in on the ruble's sharp drop, snapping up goods in Russia at low prices before brands can respond to foreign exchange moves.
China oil major CNPC is probing a 2013 oil deal as part of the mainland's sweeping corruption crackdown, taking down one of Premier Xi's political rivals.
China may be routinely underestimating its steel sector output, with official 2013 figures coming in 40 million tons below a key industry estimate.
The U.S. dollar rose against major currencies for a second session on Thursday after the Federal Reserve's signals that it could hike rates soon.
*China watching rouble closely as Russian currency collapses. BEIJING, Dec 18- China is closely monitoring the slide in the Russian rouble, the foreign exchange regulator said on Thursday, as the currency of one of its major energy imports struggles to avoid a free-fall. Wang Yonggui, head of policy and regulations for the State Administration of Foreign...
The dollar pared gains against major currencies on Wednesday after the Fed said there remains "considerable time" before an interest rate hike.
With disappointing economic data chasing China into the new year, HSBC is cutting its growth forecasts, citing five key themes for the economy.
The U.S. dollar slipped against major currencies on Tuesday on expectations that the Federal Reserve would take a cautious tone.
Emergency measures by the Russian central bank Monday night looked to have fallen short within hours of their announcement.
The U.S. dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy.
The Norwegian crown sank to its weakest in more than a decade against the U.S. dollar on Friday, a day after Norway's central bank cut rates.