Euro steadied having climbed off a five-week trough with a rebound in risk assets as the latest emergency meeting of European leaders ended hopeful.» Read More
BEIJING, June 11- China will continue to push for the yuan's inclusion in the International Monetary Fund's currency basket, known as Special Drawing Rights, the People's Bank of China said in a report on yuan internationalisation. China will also encourage foreign central banks to include yuan assets in their forex reserves, it said. China will encourage...
A slew of China data offered some indication the worst of the mainland's economic slowdown may be over, although the recovery may disappoint.
Wong Kok Hoi, MD & CIO at APS Asset Management, expects the raft of data due out of China on Thursday to come in within expectations.
While Chinese shares could extend gains from here, the Shanghai Composite index is facing growing bubble risks, says Jim Rickards, chief global strategist at West Shore Funds.
The dollar slipped to two-week lows against the yen on Wednesday after Japan's chief central banker said the yen was "very weak."
SINGAPORE, June 10- From South Korea to Indonesia and India, monetary authorities are preparing to let their currencies weaken as a falling Japanese yen makes their economies uncompetitive, and drags them into what some policymakers are calling a "currency war." An adviser to India's finance minister said the country's export growth was flailing not just...
The dollar inched ahead on Tuesday, eroding its previous session's loss, helped by a rise in U.S. bond yields.
China's inflation in May slowed more than expected, offering more evidence Asia's largest economy is stalling and suggesting more easing may be ahead.
The dollar dropped 1.5 percent against the euro and slipped from 13-year highs against the Japanese yen on Monday.
The dollar rallied to a 13-year peak against the yen and rose sharply against the euro.
The euro on Thursday traded back-and-forth against the U.S. dollar.
HONG KONG, June 4- The volume of Chinese currency traded in the offshore market has risen sharply in the past year, after more than 10 offshore yuan hubs were set up and more players switched to using it for payments and settlements. Traders estimate volumes of CNH spot are around $20 billion a day, almost doubling the level at the beginning of the year, and if yuan...
The race for a devalued currency is set for a new set of twists and turns this summer.
The dollar traded lower against the euro after the Federal Reserve said U.S. economic growth remained tepid.
The euro strengthened against the U.S. dollar, which was on track to post its biggest one-day loss against the single currency since mid-March.
Whether China shares are bubbly depends on which data bit catches the fancy, but the market has outstripped fundamentals and is overbought, Credit Suisse said.
The U.S. dollar advanced against major currencies after stronger-than-expected data on U.S. manufacturing activity and construction spending.
China's economy faces more downside than upside risks, says Bill Adams, Senior International Economist at PNC
The dollar was mixed on Friday with month-end selling after a recent rally.
China is pulling out all the usual easing props to counter its slowing economy, but the old hats don't appear to be working as well as they used to.