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.» Read More
Ying Wang, Director of APAC Corporate Ratings at Fitch Ratings, discusses Sunac China's deal to buy a 49.3 percent stake in troubled property developer Kaisa.
The dollar fell after suffering its biggest one-day fall in a year, under pressure from many fronts amid oil-fueled gains by commodity currencies.
HONG KONG, Feb 4- China's yuan rose to one-week high against the dollar on Wednesday after the U.S. dollar suffered its biggest one-day fall in over a year against a basket of major currencies. The People's Bank of China set the midpoint rate at 6.1318 per dollar prior to market open, firmer than the previous fix 6.1369. It was the strongest level in a week.
The Australian and New Zealand dollars weakened further following the Reserve Bank of Australia's decision to cut interest rates.
There is growing speculation that the Swiss National Bank (SNB) has set a new target for the country's currency.
The Swiss franc hit a two-week low against the euro and the dollar, on talk that the Swiss National Bank was intervening to weaken the currency.
The latest Chinese PMI data demonstrates its "precarious" current position says Shweta Singh, senior economist at Lombard Research, who discusses what it needs to do next.
Russia's ruble is under renewed pressure after the Central Bank of Russia shocked markets with a rate cut, sending the currency to a 2015 low.
The Swiss franc fell past 1.05 francs per euro for the first time since the Swiss National Bank dumped its 1.20 francs cap.
SHANGHAI, Jan 30- China's yuan weakened slightly on Friday, trading within a hair's breadth of lower limit of the official daily trading band, as central bank has limited the yuan's decline against a dollar that has gained sharply against other major currencies. The People's Bank of China set the midpoint rate at 6.137 per dollar prior to market open, weaker than...
The U.S. dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which.
HONG KONG, Jan 29- China's efforts to raise the global status of its currency are paying dividends, with the yuan breaking into the top five world payment currencies for the first time and offshore trading volumes catching up with those onshore. "Daily trading volume in CNH spot, forward and swap markets have already reached $30 billion, among which $10 billion is...
SHANGHAI, Jan 29- China's yuan eased on Thursday following a weaker midpoint, hovering a few points away from the weaker edge of the daily trading limit on expectations of further weakness. The Chinese currency has been steadily softening along with emerging market peers due to a resurgent dollar, as the outlook for the U.S. economy continues to bolster the case...
The dollar rose against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses.
HONG KONG, Jan 28- China's yuan broke into the top five as a world payment currency in November, overtaking the Canadian dollar and the Australian dollar, global transaction services organisation SWIFT said on Wednesday. The rise of various offshore yuan clearing centres around the world, including eight new agreements signed with the People's Bank of China...
The Swiss franc continued to show volatility as the country's central bank signaled that it had not given up intervening in currency markets.
The euro rose against the dollar before a meeting of the U.S. Federal Reserve that may push back expectations for an interest rate rise.
The euro regained a foothold in early deals in London, investors choosing to take some profit on two days of steep losses.
The price of the Russian ruble fell sharply against the U.S. dollar Monday after fighting increased in the eastern part of Ukraine.
*Shanghai copper hits downside limit, at lowest since July 2009. SINGAPORE, Jan 26- London copper tumbled as much as 3 percent on Monday to its lowest level since 2009 as a stronger dollar fueled an aggressive sell-off that dragged down prices in Shanghai by 5 percent. A slide in the euro to 11- year lows against the dollar after Greece's Syriza party promised to roll...