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Chinese Yuan

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  • Dollar slides on US retail sales, IMF outlook Tuesday, 14 Apr 2015 | 3:30 PM ET
    Dollar Euro

    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...

  • Market eyes earnings and China   Tuesday, 14 Apr 2015 | 7:05 AM ET
    Market eyes earnings and China

    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.

  • *FX reserves fall by $110 bln in Q1. BEIJING, April 14- Chinese banks made 1.18 trillion yuan worth of new loans in March, beating expectations, as the authorities ramped up efforts to avert a slowdown in economic growth while lenders cut their exposure to the risky shadow financing. Economists polled by Reuters had expected new local-currency loans at 1.03...

  • *FX reserves fall by $110 bln in Q1. BEIJING, April 14- Chinese banks made 1.18 trillion yuan worth of new loans in March, beating market expectations, as the authorities ramped up efforts to avert a sharper economic slowdown. Economists polled by Reuters had expected new local-currency loans at 1.03 trillion yuan in March, compared with 1.02 trillion yuan in...

  • Dollar rises against euro on continued Fed hike bets Monday, 13 Apr 2015 | 3:29 PM ET
    Euro banknotes

    The dollar rose against the euro in a continuation of last week's bets that the Fed will hike interest rates in the coming months.

  • Euro undermined by force of rate differentials Friday, 10 Apr 2015 | 3:20 PM ET
    Euro Dollar rates currency

    The euro slumped for a fifth straight session against the dollar on Friday to a 3-1/2 week low as falling European interest rates.

  • SHANGHAI, April 10- China's foreign exchange market will launch its first ever borrowing and lending business in a number of major global foreign currencies starting next week, in a move that traders said was aimed at bolstering trading activity in the market. The interbank China Foreign Exchange Trade System will allow financial institutions to borrow and...

  • Dollar rises on FOMC minutes; euro hits session low Wednesday, 8 Apr 2015 | 3:28 PM ET

    The dollar traded higher on Wednesday after the release of the Federal Reserve's FOMC meeting minutes.

  • China to loosen capital controls for foreign firms Wednesday, 8 Apr 2015 | 4:30 AM ET

    BEIJING, April 8- China will loosen capital controls for foreign-funded firms, allowing them to convert all foreign-currency capital into yuan to help them hedge currency risks and cut costs, the foreign exchange regulator said on Wednesday. Foreign firms in China will be allowed to convert up to 100 percent of their registered foreign-currency capital into...

  • US dollar rises, euro near $1.07 Tuesday, 7 Apr 2015 | 4:05 PM ET

    The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.

  • Dollar cuts Easter holiday losses; euro near $1.08 Monday, 6 Apr 2015 | 3:43 PM ET

    The dollar cut early losses but continued to feel the carry-over effects of a disappointing U.S. jobs report from Friday.

  • Dollar down for 2nd day ahead of US payrolls Thursday, 2 Apr 2015 | 4:31 PM ET

    The dollar fell for a second straight day, as investors pared back hefty positions ahead of a U.S. non-farm payrolls report.

  • Dollar retreats on weak data as new quarter begins Wednesday, 1 Apr 2015 | 4:11 PM ET

    The dollar fell at the start of the second quarter on disappointing data on U.S. manufacturing and jobs growth.

  • LONDON, April 1- The chances are growing of a formal devaluation of China's yuan against a weakening euro, analysts from Germany's Deutsche Bank, the currency world's second-biggest player, said in a note on Wednesday. The world's biggest currency trader, Citigroup, said last week that the People's Bank of China might shift its controlled yuan trading bands...

  • Luxury Russian rents slump as ruble tanks Wednesday, 1 Apr 2015 | 11:54 AM ET
    Pedestrians pass luxury residential properties and private residences in the Golden Mile district of Moscow, Russia.

    The sharp decline in the Russian ruble against the dollar caused high-end residential rental prices in Moscow to tank some 16 percent last year.

  • *Oil remains under pressure as talks on Iran continue. Europe's benchmark FTSEurofirst 300 recovered from a early wobble to put London's FTSE Germany's DAX and France's CAC up 0.5, 0.3 and 0.5 percent higher respectively as core bond markets yields nudged higher. Crude oil prices maintained their decline as an extension of talks between Iran and world powers...

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. Lew said that China had more work to do. Lew, who was returning from a trip to Beijing where he met with Chinese officials, repeated the U.S. view that...

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. Lew said that China had work to do to meet the standards for inclusion. Lew, who was returning from a trip to Beijing where he met with Chinese...

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday.