The dollar rallied against the yen after stronger-than-expected jobs data stoked expectations the Fed may start reducing bond buying sooner than expected.» Read More
The dollar edged lower after Fed Chairman Ben Bernanke said the Fed will maintain its ultra-easy policy for as long as needed.
BEIJING, Nov 20- With a shift in tone and language, China's central bank governor has dangled the prospect of speeding up currency reform and giving markets more room to set the yuan's exchange rate as he underlines broader plans for sweeping economic change.
SINGAPORE/ SYDNEY, Nov 20- The dollar edged lower versus the euro on Wednesday after U.S. Federal Reserve Chairman Ben Bernanke said the Fed will maintain its ultra-easy monetary policy for as long as needed. Earlier on Wednesday the single currency touched a high of $1.3584 on trading platform EBS, its loftiest level since Nov. 1.
Michael Every, Head of Financial Markets Research Asia-Pacific at Rabobank shares his outlook on China's currency following the central bank's reform measures.
*China signals willingness to tolerate stronger yuan. SYDNEY, Nov 20- Pressure on the yen showed no signs of letting up on Wednesday, with the euro climbing to a four-year peak and the dollar holding onto overnight gains even after more dovish comments from top Federal Reserve officials.
Simon Derrick, Chief Currency Strategist at BNY Mellon highlights the importance of the PBOC's move to widen the yuan's trading band and explains how that will be dollar negative.
*China signals willingness to tolerate stronger yuan. SYDNEY, Nov 20- Pressure on the yen showed no signs of letting up on Wednesday with the euro near a four-year peak and the dollar holding onto overnight gains even after more dovish comments from top Federal Reserve officials.
NEW YORK, Nov 19- The dollar dropped against the euro on Tuesday in choppy trading after China's central bank said it would gradually exit from regular intervention in the foreign exchange market. But analysts said the remarks don't mean that China will move the trading band overnight.
The dollar edged lower in choppy trading after the Chinese central bank said it would gradually exit from regular intervention in the foreign exchange market.
*China plan to exit intervention seen as dollar-negative. Zhou Xiaochuan, head of the People's Bank of China, said in a book on reforms published on Tuesday that China will gradually expand the yuan trading band to help make the currency more flexible and market-driven. But analysts said the remarks don't mean that China will move the trading band overnight.
*China plan to exit regular intervention negative for euro. LONDON, Nov 19- The dollar recovered early losses to trade higher against the euro on Tuesday after the Chinese central bank said it would gradually exit from regular intervention in the foreign exchange market.
BEIJING, Nov 19- China's officials indicated on Tuesday how they plan to steer reforms on interest rates, the currency and stock markets, following a top-level party meeting that promised sweeping changes over the next decade.
LONDON, Nov 19- The dollar index fell for a third successive day on Tuesday as investors trimmed long positions, after a Federal Reserve official said easy monetary policy was likely to be in place for some time to come.
HONG KONG, Nov 19- China's yuan was little changed against the dollar on Tuesday, as the central bank appears to prefer keeping it stable by intervening in the market via state-owned banks.
The safe-haven dollar and yen fell on Monday after China announced its most sweeping economic and social reforms in nearly three decades.
Aroop Chatterjee, FX Strategist at Barclays joins us live at SGX to explain his bullish stance on the Chinese Yuan as the nation continues its re-balancing drive and growth slows.
The dollar rose against the euro on Wednesday in a lackluster session with investors continuing to trade on comments from a member of the Federal Reserve that seemed to keep the door open to a first drawdown in stimulus next month.
LONDON, Nov 13- Copper fell to its lowest in two months on Wednesday on a looming surplus and as the dollar rose against the euro after a Federal Reserve official raised the prospect of a retreat from monetary stimulus next month.
The dollar eased on Wednesday but still clung near a two-month high against the yen, supported by speculation that the U.S. Federal Reserve is on course to start reducing its stimulus as early as December.
*C.bank uses midpoint to signal stable yuan intention. SHANGHAI, Nov 12- China's yuan edged higher against the dollar on Wednesday after the central bank set a slightly stronger midpoint, while traders said the communique issued after a key ruling Communist Party meeting did not have any impact on trading.