The euro climbed from an eight-month low on Thursday after German and French business activity beat expectations.» Read More
BEIJING, July 23- China saw some capital outflows in the second quarter, the country's foreign exchange regulator said on Wednesday, adding that the yuan is now recovering as the economy stabilises.
BEIJING, July 23- China experienced some capital outflows in the second quarter, the country's foreign exchange regulator said on Wednesday, adding that the yuan is rebounding as the Chinese economy stabilizes.
Alibaba's foray into online financial services was expected to disrupt China's bank sector, but now some believe it's no longer particularly radical.
China shares may be seeing a flood of bullish calls after years of underperformance, but some analysts remain solidly pessimistic on the market.
The U.S. dollar turned flat against the euro, giving up earlier gains which drove the European currency to an eight-month low.
HONG KONG, July 22- China's yuan edged up on Tuesday, holding in a narrow range due to a lack of trading cues, with the overall market shifting to a more positive outlook on the currency for the rest of the year. The People's Bank of China fixed its official rate at 6.1544 per dollar, largely unchanged from Monday's fixing of 6.1547.
BEIJING, July 21- China signed a bilateral currency swap agreement worth 150 billion yuan with the Swiss central bank, which can invest up to 15 billion yuan in China's bond market. The Swiss National Bank is allowed to invest up to 15 billion yuan in China's interbank bond market under a quota given by the PBOC.
The euro regained ground on the dollar, but trading was not energetic thanks to a holiday in Japan and geopolitical tensions.
The yen hit a five-month high versus the euro - and held some of its gains against the dollar - as investors saw the currency as a safe haven.
The yen hit a five-month high against the euro on renewed safe-haven inflows as the West imposed further sanctions against Russia.
*Spreadbetters expect lower opening for Europe. Spreadbetters expected European stock markets to follow suit, forecasting Britain's FTSE 100 would open as much as 0.25 percent lower, Germany's DAX down 0.15 percent and France's CAC 40 off 0.3 percent.
*Record closing high on Wall Street lifts Asia. TOKYO, July 17- Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S.
The dollar clung to gains after bulls latched onto a comment by the head of the Fed that rates could rise sooner if employment continued to improve.
The yen eased on Tuesday after the Bank of Japan's growth warning, but it stopped short of hinting at a new bout of money-printing.
The dollar was steady as investors awaited pivotal events, including Fed Chair Janet Yellen's congressional testimony, for fresh cues.
The yen was near a five-month peak against the euro as banking woes in Portugal drove equities lower and lifted demand for the safe-haven currency.
The yen rose as investors sought shelter from economic stress in Europe.
The BoE left interest rates and its asset purchase target unchanged amid concerns that a strong sterling is choking off an economic recovery.
BEIJING, July 10- U.S. and Chinese leaders have agreed that China will reduce its intervention in the currency market when conditions are ripe, reaching an understanding on a prickly issue that has hurt ties between the world's two biggest economies for years.
BEIJING, July 10- China will reduce its intervention in the currency market, Central Bank Governor Zhou Xiaochuan said on Wednesday, striking a conciliatory note in public about the yuan's value as he promised to free the interest rate market as planned.