BEIJING— China's yuan has become of the five most widely used currencies in global payments, an international financial transactions agency announced Wednesday. Beijing is gradually easing controls on the yuan and encouraging its use abroad in an effort to reduce costs for its traders and increase Chinese companies' role in the global economy.» Read More
The euro rose against the dollar before a meeting of the U.S. Federal Reserve that may push back expectations for an interest rate rise.
The euro regained a foothold in early deals in London, investors choosing to take some profit on two days of steep losses.
The price of the Russian ruble fell sharply against the U.S. dollar Monday after fighting increased in the eastern part of Ukraine.
*Shanghai copper hits downside limit, at lowest since July 2009. SINGAPORE, Jan 26- London copper tumbled as much as 3 percent on Monday to its lowest level since 2009 as a stronger dollar fueled an aggressive sell-off that dragged down prices in Shanghai by 5 percent. A slide in the euro to 11- year lows against the dollar after Greece's Syriza party promised to roll...
Shanghai copper falls 4 pct to lowest since July 2009. SINGAPORE, Jan 26- London copper fell almost 2 percent to its weakest level in nearly two weeks on Monday, pressured by a stronger dollar as the euro stumbled after Greece's Syriza party, set to win a snap election, promised to roll back austerity measures. It touched a session low of $5,415, its weakest since Jan. 14...
The euro fell to fresh 11-year lows against the dollar after the ECB said on Thursday it would pump a trillion euros into the euro zone economy.
The euro hit a fresh 11-year low after Draghi announced the launch of an open-ended expanded monthly 60 billion euro bond-buying program.
The currency war is being played like a chess match, but that will eventually change, veteran trader Art Cashin told CNBC.
BEIJING, Jan 22- China is closely monitoring its cross-border capital flows, the foreign exchange regulator said on Thursday, amid signs that money is leaving the world's second-largest economy as it slows. But China is able to manage risks from capital outflows as the country still posts a solid trade surplus, the State Administration of Foreign Exchange said.
The yen rebounded against the dollar after the Bank of Japan stood pat on monetary policy.
The dollar hit a one-week high against the yen after China growth data was not as bad as many had feared, curbing demand for the safe-haven Japanese currency.
China share markets have stabilized nicely after Monday's plunge, but it's not time to bargain hunt yet, analysts said.
The European Central Bank could take its boldest steps yet to revive the euro zone's moribund economy.
SHANGHAI, Jan 19- China's yuan weakened to a two-and-half-week low on Monday, after the central bank set a weaker midpoint and on position squaring following a surge in the Swiss franc last week. The People's Bank of China set the midpoint rate at 6.123 per dollar prior to market open, weaker than the previous fix of 6.1188. The spot market closed at 6.2203, 137 pips...
Dennis Gartman, along with Deutsche Bank's David Bianco, talk about who is hurt by the Swiss central bank's move.
Fallout from the Swiss National Bank continues to haunt the euro, bringing the currency down to new lows.
HONG KONG, Jan 16- China's yuan snapped a five-day gaining streak against the dollar and posted its biggest intraday daily loss in more than a month on Friday, as investors squared positions to cope with their losses in Swiss Franc market following a shock move by the Swiss cental bank. The Swiss National Bank shocked financial markets on Thursday by scrapping a...
The PBOC will increase its relending quota by $8.1 billion this year, stepping up efforts to spur loans to the agriculture and small business segments.
Switzerland's franc soared by almost 30 percent in value against the euro after the Swiss National Bank abandoned its three-year old cap.
Switzerland's franc soared by almost 30 percent after the Swiss National Bank abandoned its cap against the euro.