Russia's ruble is under renewed pressure after the Central Bank of Russia shocked markets with a rate cut, sending the currency to a 2015 low.» Read More
Dennis Gartman, along with Deutsche Bank's David Bianco, talk about who is hurt by the Swiss central bank's move.
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.
The dollar fell against the yen following after newly released data showed retail sales fell 0.9 percent, its biggest drop since January 2014.
Offshore trading in the yuan, whose convertibility is still tightly controlled by Beijing, soared some 350 percent on Thomson Reuters trading platforms in 2014.. The system of controls kept in place by Beijing, including separate markets offshore and onshore, continues to limit action, but bankers in London say the currency is steadily moving to the front of...
Sterling fell towards an 18-month low against the dollar, after data showed British inflation at its lowest since 2000.
The yen hit a one-month high against the dollar on Tuesday, buoyed by steady demand for safe-haven assets against a backdrop of plunging oil prices.
Sterling recovered some ground on Friday, pushing back above $1.51 as the dollar retreated broadly.
BEIJING, Jan 9- China's foreign exchange regulator said on Friday that it will work to fend off risks from cross-border capital flows and will push forward yuan convertibility on the capital account. The statement by the State Administration of Foreign Exchange echoed the central bank, which said on Friday that it would quicken the pace of market-oriented...
The euro extended losses into a sixth straight day to trade near a nine-year low, as investors bet the ECB was getting closer to adopting QE.
The euro hit another nine-year low against the dollar on Wednesday, after data for the euro zone revealed that prices were falling in the region.
After a more than seven-year mire, China stocks may finally be on the cusp of a long-term bull run, shrugging off an economic slowdown, analysts said.
The U.K. pound hit a fresh 17-month low against the U.S. dollar on Tuesday and currency experts are split on which way the currency will head next.
The safe-haven yen rose as investor risk aversion mounted following a sharp drop in crude oil and stocks.
The euro fell to near a nine-year low, hit by concerns that Greek elections will result in a government that will aim to cancel austerity measures.
The euro fell to its lowest in 4-1/2 years against the dollar on Friday after the head of the ECB fanned expectations of QE later this month.
The U.S. dollar hit its highest level since March 2006 on Friday, as the euro fell on speculation about imminent monetary easing tactics.
Property developer Kaisa had failed to repay a HK$400 million loan and may default on more debt, amid a downturn in the real estate sector.