The euro stayed well-bid on Tuesday, scaling a fresh five-year high on the yen and a six-week peak against the dollar as expectations for further stimulus from the European Central Bank continued to fade.» Read More
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.
The dollar rose broadly, hitting a one-month peak against the yen on Tuesday on higher U.S. bond yields.
The dollar paused in its advance against the euro on Monday after two days of strong gains.
Treasury Secretary Jack Lew will visit China, Japan, Singapore, Malaysia and Vietnam next week. Lew will also press Japan, Singapore, Malaysia and Vietnam to reach an agreement by the end of 2013 on trade pact known as the Trans-Pacific Partnership, a second official said in the call.
The dollar soared against the euro and yen after data showing U.S. job growth unexpectedly accelerated in October.
Geoff Raby, Vice Chairman, Macquarie Group China also the Former Australian Ambassador to the PRC speaks about the likely reforms China's leaders may unveil at the Third Plenum.
The euro fell to a more than seven-week low against the dollar after the European Central Bank shocked investors by cutting interest rates.
The euro rose as stronger-than-expected German industry data increased uncertainty over whether the ECB would cut interest rates this week.
The euro fell on Tuesday, hit by speculation the European Central Bank may signal easier monetary policy.
Michael De Jong, Finance Minister of British Columbia, Canada thinks internationalization of the Chinese currency is inevitable and explains why his government issued renminni bonds.
The euro touched a six-week low on Monday after suffering its biggest drop in over a year last week as pressure mounted on the European Central Bank to cut interest rates to shore up growth.
SEOUL, Nov 4- In a dimly-lit Pyongyang toyshop packed with Mickey Mouse picture frames and plastic handguns, a basketball sells for 46,000 Korean People's Won- close to $500 at North Korea's centrally planned exchange rate.
*Pan Pacific sets most 2014 China copper premiums at $123/ T. LONDON, Nov 1- Copper steadied on Friday, with strong Chinese manufacturing data helping to cement hopes of economic stability in the world's top metals consumer, although further gains were capped by a strong dollar.
The dollar hovered near a two-week high on Thursday as some investors cut negative bets on the currency.
A two-month rangebound trading spell in the Chinese currency was broken earlier this month when the People's Bank of China pegged the yuan higher against the greenback in a series of stronger fixes sparking speculation that authorities were preparing for a new phase of yuan strength. 6.0937 per dollar virtually unchanged from the previous close.
The dollar turned positive against a basket of major world currencies in thin trade on Wednesday.