LONDON, March 17- The euro held within sight of long-term highs against the dollar on Monday, resisting selling after a dip in euro zone inflation, the latest indicator to argue for outright money-printing by the European Central Bank to support growth.» Read More
TOKYO, March 17- The yen lost some ground against the dollar and euro but remained near the tops of its recent ranges on Monday as Western countries warned of sanctions on Russia after Crimea voted to separate from Ukraine.
Hans Goetti, Head of Investment Asia at B.I.L, says China's central bank may be keen to keep its currency weak in order to give exports a boost.
Jonathan Cavenagh, Senior FX Strategist, Asia at Westpac Institutional Bank, says the widening of the yuan's trading band may create a short squeeze in the dollar-yuan trade.
Vasu Menon, Vice President, Wealth Management Singapore at OCBC Bank, says the doubling of the yuan's trading band is part of Beijing's strategy to internationalize its currency.
TOKYO, March 17- The yen began the week at the top of its recent range on Monday as global markets were on egde after Crimean citizens voted to be annexed by Russia, prompting risk-wary investors to seek traditional safe-haven bets.
David Greene, Head of Dealing at AFEX Australia, describes where the Chinese currency is headed following the PBOC's move to double the trading band.
David Kuo, CEO at Motley Fool Singapore, says the currency could see a depreciation after the PBOC doubled its trading band, which may result in a pick up in inflation.
The People's Bank of China (PBoC) announced late Saturday that it will be widening the currency's daily trading band to 2 percent from 1 percent. CNBC's Deirdre Wang Morris reports.
*China widens yuan trading band, adds risk to market. SHANGHAI, March 17- The Chinese central bank's decision to relax its grip on the yuan has been welcomed as a sign of financial liberalisation, but it is aggravating concerns among foreign executives and investors about their exposure to China in the near term.
WASHINGTON, March 16- The United States welcomed China's recent decision to allow its currency's value to vary more against the U.S. dollar, a Treasury spokesperson said on Sunday.
SHANGHAI, March 15- China's central bank loosened its grip on the yuan on Saturday by doubling the daily trading range for the currency, adding teeth to a promise it would allow market forces to play a greater role in the economy and its markets.
*Last widening occurred in April 2012. SHANGHAI, March 15- China's central bank doubled the daily trading band for the yuan on Saturday, underscoring efforts to add more volatility and risk to the currency to make it more responsive to market forces.
SHANGHAI, March 15- China's central bank widened the daily trading band for the yuan on Saturday, underscoring efforts to add more volatility and risk to the currency to make it more responsive to market forces.
The yen heads for its biggest weekly gain in more than a month against the dollar, on tensions in Ukraine and the Chinese economy.
The euro has continued to strengthen with strategists debating whether the boost was from China's move to diversify its foreign holdings.
Fears the crisis in Ukraine could intensify led traders to the safe havens of the Japanese yen and Swiss franc.
CNBC's Rick Santelli discusses how this morning's revised retail number is impacting Treasurys, and takes a look at the action in Japanese government bonds and the Chinese yuan.
LONDON, March 13- European metal products manufacturers are seeing the most favourable conditions for buying copper in over two years as prices drop and the euro strengthens, and some are buying forwards to lock in cheap supply.
Concerns about China and other developing economies weakened the Australian dollar and currencies closely linked to commodities markets.
The ECB's forward guidance may adjust policy to tighten the slack in the Euro zone economy, a senior ECB official said.