The euro struggled to hold above eight-month lows against the dollar on Friday, hurt by a dive in Germany's Ifo survey of business sentiment.» Read More
Sterling rallied on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations.
China shadow banks have lower lending rates than traditional banks, China Beige Book data show, but it may not signal a hiccup in efforts to curb the sector.
The pound saw losses after comments from the BoE cooled expectations for an interest rate hike, while its G3 counterparts drifted in well-worn ranges.
The British pound fell after the Bank of England did little to bolster rate hike expectations.
HONG KONG, June 24- China's yuan was broadly unchanged on Tuesday in subdued trading, as firmer oil prices offset optimism from a survey showing stronger Chinese manufacturing activity. "Oil is trending higher and investors are waiting for more data to take a view on the currency," said a trader at a European Bank in Hong Kong.
Paul Donovan, MD and Deputy Head of Global Economics at UBS, says Washington's criticism about China's currency manipulation are political in nature.
China shares are stuck between hopes low valuations may spur bargain buying and fears of a potential credit crisis, but some see trading opportunities.
The Australian and New Zealand dollars both jumped on Monday, after a promising China manufacturing survey.
The dollar reversed some of its losses in a quiet session overnight after upbeat U.S. data helped temper the Federal Reserve's dovish outlook.
The dollar sank to its weakest level in three weeks on Thursday after a cautious message from the Federal Reserve.
Currency experts have warned that there will be winners and losers in the foreign exchange markets on the back of the spike in oil.
Currency analysts to believe an interesting trading opportunity could develop over the coming months.
The U.S. dollar held onto modest gains, having risen broadly after U.S. consumer prices recorded their largest increase in more than a year in May.
CHINA TO START YUAN VS. STERLING TRADING IN FX MARKET FROM. BEIJING, June 18- China's central bank said on Wednesday that the Chinese currency will be traded directly against sterling in the interbank foreign exchange market, in the latest step to facilitate investment and bilateral trade between China and Britain.
LONDON, June 17- Britain and China signed deals on Tuesday worth more than 14 billion pounds during a visit by Chinese Premier Li Keqiang, with energy and finance dominating the trade agenda.
*China keen to put rights row behind it. LONDON, June 17- A $20 billion liquefied natural gas deal and a move to strengthen London's position in offshore yuan trading will crown a visit by Chinese Premier Li Keqiang to Britain on Tuesday.
The Australian dollar fell more than half a percent against the U.S. dollar on Tuesday after the RBA expressed economic recovery doubts.
The dollar dipped versus the yen, although potentially decisive events such as the Federal Reserve meeting midweek limited movements.
SHANGHAI, June 16- China's yuan weakened slightly against the dollar on Monday after the central bank set a weaker midpoint in what traders said was the PBOC signalling is not seeking to bolster the yen- despite the Chinese currency's recent strength.
William Ma, Director of Portfolio Manager at Gottex Fund Management, discusses the factors behind the rally in the renminbi.