U.S. Treasury Secretary Jack Lew will press Chinese officials next week to adopt a more market-determined exchange rate policy, Treasury officials said on Friday.» Read More
The euro extended its unrelenting fall, dropping 1 percent to below $1.06 for the first time in 12 years as the ECB's QE program hammered bond yields.
Here's why the euro will continue to weaken, Deutsche Bank's George Saravelos told CNBC.
CNBC's Dominic Chu takes a look at what happens to sectors following a major move in the U.S. dollar index.
LONDON, March 11- The Turkish lira rose off record lows on Wednesday, helped by better-than-expected current account data though the dollar's strength continued to exert heavy pressure on currencies across emerging markets. The sell-off that took emerging currencies to multi-year or even record lows has forced many central banks to act, with Singapore...
China's sweeping anti-graft push won't end anytime soon, as President Xi aims to restore party legitimacy, former Australian Prime Minister Rudd said.
The euro hit a 12-year low against the dollar after falling below $1.07 as the ECB continued its QE program.
The euro sank below $1.08 for the first time in almost 12 years, as the latest round of dollar gains brought into focus a run towards parity.
WASHINGTON, March 9- Washington on Monday called on China to more swiftly adopt policy changes that would allow market forces to determine the value of its currency. The comments come after Sheets acknowledged last month that China had apparently stopped intervening in exchange markets to weaken its yuan currency since July. Asked after the speech if China's...
Stephen Roach, Yale School of Management, discusses the euro's downward march, consumer sentiment, and China's currency policy.
CNBC's Dominic Chu checks out the stocks impacted by big currency moves, as the euro nears its lowest level against the U.S. dollar in more than a decade.
Some foreign banks are tightening lending criteria for China's state-owned enterprises, even for borrowers previously seen as safe as government debt.
China's officials are turning to Japan for economic history lessons, determined to avoid the long recession and deflation that blighted its neighbor.
China's February exports surged 48.3 percent on year, sharply above forecasts, potentially signaling stronger economic growth for its trade partners.
The dollar jumped to an 11-1/2 year high as U.S. employment growth bolstered market sentiment that the Fed was closer to raising interest rates.
The euro fell on Thursday below $1.10 for the first time since 2003 and the U.S. dollar added to gains.
RPT-NOT NECESSARY FOR CHINA TO WIDEN YUAN TRADING BAND IN 2015: C. BANK ADVISOR.
The dollar reached highs on Wednesday on solid U.S. jobs and business data, as the euro sank below $1.11 to an 11-1/2 year low.
Hayden Briscoe, director of Asia Pacific Fixed Income at AB, says the rise in funding rates following a rate cut over the weekend could mean that China's policy transition mechanism is broken.
The dollar softened on Tuesday after touching an 11-year high against major currencies.
BEIJING, March 3- The yuan's exchange rate will remain stable in the long run, and two-way trade will be maintained in the currency market, the head of foreign exchange strategy at China's central bank said on Tuesday, sounding a reassuring note in the face of a recent slide in the yuan's value due to increasing outflows from the world's second-largest economy.