Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.» Read More
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...
WASHINGTON, April 18- China does not want to bend the rules in its favor to include the yuan in the IMF's basket of major reserve currencies, the No. 2 official at the International Monetary Fund said. Beijing tightly controls the yuan's movements and has strong capital controls, but it is pushing for increased use of the currency for trade and investment as part of a...
The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.
Richard Harris, chief executive of Port Shelter Investment Management, says difficulties in the convertibility of the renminbi remain as obstacles to the currency's inclusion in the SDR currency basket.
Jim Rickards, chief global strategist at West Shore Funds, explains why the topic about including the yuan in SDR's basket could steal the limelight at upcoming IMF and World Bank meetings.
The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.
HONG KONG, April 16- Hong Kong banks have started to cut yuan deposit rates following robust southbound trading flows under a stock connect scheme between Shanghai and the former British colony. The flow of funds into Hong Kong is expected to shore up the shrinking offshore yuan pool, which has been under pressure as the weakness of the Chinese currency had...
BEIJING, April 16- It will not be easy for China to grow its economy by 7 percent this year, Chinese Premier Li Keqiang was quoted by the Financial Times as saying on Thursday, a day after data showed economic growth hit a six-year low in the first quarter. Li was also quoted as saying that China cannot rely on devaluing its currency to lift sales of Chinese exports, and...
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
The financial risks of a surge in U.S. oil production - and the ensuing price drop - could hit emerging markets hard.
Dominic Schnider , head, Commodity & APAC Forex at UBS Wealth Management, explains why weakness in the Chinese economy hurts currencies like the Australian dollar.
Despite the persisting slowdown, China remains the fastest-growing economy in the world, says John Rutledge, chief investment strategist at SAFANAD.
The dollar tumbled after five straight days of gains, as investors took advantage of weaker-than-expected retail sales to lighten hefty positions.
WASHINGTON, April 14- Recent shifts in exchange rates should help the global economy, boosting Japan and Europe in particular, amid increasing divergence in the growth paths of the world's major economies, the International Monetary Fund said on Tuesday. The Washington- based institution kept its global growth forecasts unchanged, with faster economic...
Rebecca Patterson, Bessemer Trust CIO, and Barbara Reinhard, Credit Suisse, discuss how cheap oil and a strong dollar are taking a toll on corporate earnings. Also a look at the likely fallout if China devalues the yuan.