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Chinese Yuan

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  • Increased usage of yuan in 2014: HSBC survey     Tuesday, 8 Jul 2014 | 8:34 PM ET

    Noel Quinn, Regional Head of Commercial Banking at HSBC, discusses the findings of its survey which showed a sharp increase in the use of yuan among global firms this year.

  • BEIJING, July 8- The United States pressed China to implement structural reforms in its exchange rate and to modify its "aggressive behavior" in disputed waters during a preliminary round of bilateral talks on Tuesday, senior U.S. officials said.

  • Quick fade for dollar, German trade disappoints Tuesday, 8 Jul 2014 | 4:21 AM ET

    The outlook for central bank policymaking dominated attention in major currency markets on Tuesday, with the dollar rally already fading.

  • Euro subdued by German data but dollar holds Monday, 7 Jul 2014 | 9:39 AM ET

    German industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, surprising most analysts.

  • Dollar struggles against doubts over Fed shift Friday, 4 Jul 2014 | 6:15 AM ET

    The dollar struggled to make more headway after a jump in U.S. job creation left stock markets in optimistic mood.

  • Dollar wins out as US payrolls beat expectations Thursday, 3 Jul 2014 | 9:10 AM ET

    The dollar was broadly bid on Thursday by a stronger-than-expected U.S. nonfarm payrolls report for June.

  • BANGALORE, July 3- Asian currencies will probably hold their ground until the end of the year and then weaken in early 2015 when a long-awaited U.S. dollar rally is expected to kick in, a Reuters poll of foreign exchange strategists showed.

  • *China allows banks to freely set OTC yuan/dollar rates. SHANGHAI/ BEIJING, July 3- China has permitted banks to freely set their own exchange rates for the yuan against the dollar in over-the-counter transactions-- another step toward freeing the exchange rate from government control.

  • China eases exchange rate controls for banks Wednesday, 2 Jul 2014 | 10:16 PM ET

    BEIJING— China has announced a new step toward easing its tight currency controls, allowing banks to set their own exchange rates in dealings with customers. Thursday's announcement is the latest in a series of moves intended to make China's government-controlled financial system more market-oriented.

  • Dollar shines on US private sector jobs report Wednesday, 2 Jul 2014 | 2:04 PM ET

    The report boded well for Thursday's U.S. nonfarm payrolls report, and provided a boost to the dollar.

  • *China allows banks to set OTC dollar/yuan rates. *A small step in China's gradual forex reform. BEIJING, July 2- China will permit banks to set their own exchange rates for the yuan against the dollar in deals with clients, in a further step to relax controls to make the currency more market-driven.

  • BEIJING, July 2- China will permit banks to set their own exchange rates for dollar/yuan deals with their clients, relaxing controls in a bid to make the currency more market-driven. "This is a small step in China's foreign exchange reforms," said an analyst at state-owned Bank of China, the country's biggest foreign exchange bank, who asked not to be identified.

  • BEIJING, July 2- China is abolishing controls on the dollar/yuan exchange rate for banks when they deal with clients, the nation's foreign exchange regulator said on Wednesday. Effective on Wednesday, banks are allowed to set the dollar/yuan exchange rate based on market demand, the regulator said.

  • Factory data drives sterling highest since crisis Tuesday, 1 Jul 2014 | 11:25 AM ET

    A UK factory survey adds to evidence that Britain's consumer-led recovery is becoming more balanced and sustainable.

  • Euro back around $1.37 as ECB meets again Tuesday, 1 Jul 2014 | 4:47 AM ET

    The euro held near a six-week high against the dollar on Tuesday, threatening a break past $1.37.

  • *Yuan boosts China's globalisation programme. SHANGHAI, June 30- China's yuan rose against the dollar on Monday after hitting a two-week high in intraday trading as the central bank set a slightly stronger midpoint- signalling that the government is willing to keep the currency stable for now, traders said.

  • Is it time to go outright bullish on China? Sunday, 29 Jun 2014 | 6:46 PM ET

    China shares have long been considered cheap for good reason, suffering a long downtrend, but some say now is the time to turn outright bullish.

  • Dollar falls for second week, Kiwi charges higher Friday, 27 Jun 2014 | 10:49 AM ET

    The dollar looked set for a second week of losses on Friday, after a string of poor U.S. economic data that gave investors no reason to expect higher interest rates soon.

  • Sterling shines on BoE rate expectations Thursday, 26 Jun 2014 | 8:42 AM ET

    Sterling rallied on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations.

  • China’s risky borrowers really getting a better deal? Wednesday, 25 Jun 2014 | 7:04 PM ET

    China shadow banks have lower lending rates than traditional banks, China Beige Book data show, but it may not signal a hiccup in efforts to curb the sector.