Douglas Morton, head of Asia research at Aviate Global discusses China's recent moves to cut interest rates and how it was a surprise to many because it was such a "broad-based interest cut".» Read More
The dollar climbed to a seven-year high against the yen as Prime Minister Abe is likely to delay a planned sales tax increase.
The dollar fell for a second straight session on Monday in quiet trading as investors took more profits on earlier steep gains.
Dariusz Kowalczyk, Senior Economist & Strategist at Credit Agricole, says the HK-Shanghai trade link will fuel a rise in China's capital inflows, underpinning strength in the renminbi.
84 percent of respondents polled by CNBC expect the greenback to march higher this week while Asian currencies continue to struggle. CNBC's Sri Jegarajah breaks down the results.
*China, Canada agree to 200 bln yuan currency swap. *China to give Canada 50 bln yuan RQFII quota. BEIJING, Nov 8- China's and Canada's central banks agreed to a currency swap worth 200 billion yuan or C $30 billion, said a Canadian government statement issued at a meeting of Asia Pacific nations on Saturday.
The dollar slipped on Friday after a solid but below-expectation October U.S. jobs report.
The Russian central bank said it was prepared to support the ruble in foreign exchange markets after it tumbled to new lows on Friday.
Asia's currencies are set for a beating, buffeted by the G3 central banks, a stronger U.S. dollar and newly volatile Chinese yuan, HSBC said.
HONG KONG, Nov 7- China's currency edged higher on Friday and is set to rack up a fifth consecutive week of gains though a slowing economy is feeding a growing view that the yuan may be nearing a peak. Beijing's tolerance for a weaker currency is also likely to increase in the near term particularly as key trading partners such as Japan and the euro zone commit to...
The euro plunged to its lowest in more than two years against the dollar on Thursday.
The dollar nursed modest losses on Wednesday as investors took some profits on a four-session rally that swept the greenback to multi-year highs.
The euro rallied on Tuesday on a report citing internal tensions within the European Central Bank over the leadership of its chief, Mario Draghi.
The dollar topped 114 yen on Monday, its highest level in nearly seven years, extending gains spurred by the Bank of Japan's decision last week.
BEIJING/ DUBAI, Nov 3- China's central bank has signed a 35 billion yuan currency swap deal with its Qatari counterpart, in a step towards expanding use of the Chinese yuan in a region long dominated by the U.S. dollar. The United Arab Emirates signed a three-year currency swap arrangement with China in 2012 that was similar in size to Qatar's. Gulf Arab countries...
The yen tumbled to its lowest level in nearly seven years against the dollar, putting it on track for its biggest losses in 18 months.
SEOUL, Oct 31- South Korea will launch direct trading between the yuan and the won in December and adopt a series of measures to make the country an international hub for growing yuan businesses, the government said on Friday. South Korea will be the third country outside China to host direct trading of the yuan against its own currency after Russia and Japan, with...
The dollar extended recent gains to a 3-1/2-week high, boosted by strong third-quarter growth and a newly hawkish tone from the Federal Reserve.
Asia's export growth has stalled since a post-financial crisis recovery, faced with a combination of weak global demand and structural changes, HSBC said.
The dollar steadied as investors awaited guidance from the U.S. Federal Reserve, expected to reiterate caution on raising interest rates.
HONG KONG/ SINGAPORE, Oct 29- Central banks from Asia to America are adding the Chinese currency to their portfolios as growing trade ties and a flurry of reforms by Beijing are leading reserve managers to view the renminbi as a viable reserve currency. Acceptance of the Chinese currency among central banks and sovereign wealth funds which manage billions of...