*Japan logs largest-ever trade deficit, nudges up dollar/yen. TOKYO, April 21- Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent.» Read More
The dollar lost ground against the yen and dipped versus the euro after U.S. jobs data last week disappointed.
EM currencies have rallied against the dollar after Friday's U.S. jobs number, with some forex experts predicting an interesting period ahead for the asset class.
The dollar fell on Friday after U.S. non-farm payrolls showed job growth necessary for the Fed to wind up its asset purchasing program.
SHANGHAI, April 4- The rare and dramatic slide in the yuan exchange rate that has shaken the outlook for the currency is unlikely to last long as trade rebounds and capital inflows resume. That would mark a nearly 4 percent strengthening from the nadir of 6.2370 hit on March 21.
The euro dropped on Thursday after the European Central Bank pledged to use unconventional measures if needed to battle low inflation.
The euro was steady against the dollar after the ECB's policy decision, where they failed to cut rates to boost euro zone growth.
The British pound was strengthened by construction purchasing manager's index, even after other disappointing construction data.
The yen eased on Tuesday as a hike in Japan's sales tax came into effect, although the dollar failed to gain much traction after the Federal Reserve chair defended the central bank's ultra-loose policy and highlighted slack in the economy.
For those Chinese firms positioned for a strengthening currency, the recent yuan weakening may spell significant earnings hit, analysts at Nomura say.
LONDON, March 31- Britain and China signed an agreement to set up a clearing service for renminbi trading in London on Monday, days after Germany clinched a similar deal in the race to capture a share of the fast-growing Chinese foreign exchange market.
The yen reached a fresh six-year low on the New Zealand dollar on Monday, as safe-haven demand waned amid hopes of more stimulus from China.
The euro fell to three-week low against the dollar on Friday, with investors wary given strong rhetoric from European Central Bank officials about its recent strength and awaiting German inflation data that could undermine it further.
SYDNEY, March 28- The euro nursed broad losses early on Friday, while a rally in dollar-bloc commodity currencies drove the New Zealand dollar to its highest against the greenback in over two years. The euro last traded at $1.3743, having plumbed three-week lows of $1.3728 overnight, and on track to end lower for a second straight week.
The dollar edged higher against the euro and the yen after upbeat U.S. economic data.
The euro fell on Wednesday, with investors wary after European Central Bank officials ramped up efforts to talk down the currency, with arguably its most hawkish member hinting at a radical softening of monetary policy.
HONG KONG, March 26- China's yuan fell back behind the Swiss franc to rank as the eighth most-used world payment currency in February, likely due to the seasonal effect of the Chinese New Year, global transaction service organisation SWIFT said on Wednesday.
Geoff Weir, Research Fellow, Centre for International Finance and Regulation, says the yuan's recent declines won't hurt its move to become a global currency.
George Boubouras, CIO of Equity Trustees, outlines the road ahead for the Chinese renminbi.
*China's equity market could be world's largest- study.
NEW YORK, March 25- The dollar pared gains against a basket of major currencies on Tuesday but still ended slightly higher on the day, after traders played down strong U.S. consumer confidence data and the potential for the European Central Bank to ease further.