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.» Read More
Australian dollar hit a 4-1/2-year trough against its U.S. counterpart as prices of iron for construction fell in China amid weak demand.
The euro bounced back from two-year lows against a slightly weaker dollar on Monday, with Greece's election among risks to a calmer mood.
The U.S. dollar rose against major currencies for a third session on diverging monetary policy between the Federal Reserve and other central banks.
SHANGHAI, Dec 19- China's yuan is plunging to fresh lows in December, declining 1.3 percent so far this month, heading toward its worst monthly performance since February and set to close the year down over 2 percent. "This is a dollar strength story and the CNY moves are market-driven," said Dominic Bunning, senior FX strategist at HSBC in Hong Kong.
Chinese shoppers are cashing in on the ruble's sharp drop, snapping up goods in Russia at low prices before brands can respond to foreign exchange moves.
China oil major CNPC is probing a 2013 oil deal as part of the mainland's sweeping corruption crackdown, taking down one of Premier Xi's political rivals.
China may be routinely underestimating its steel sector output, with official 2013 figures coming in 40 million tons below a key industry estimate.
*China watching rouble closely as Russian currency collapses. BEIJING, Dec 18- China is closely monitoring the slide in the Russian rouble, the foreign exchange regulator said on Thursday, as the currency of one of its major energy imports struggles to avoid a free-fall. Wang Yonggui, head of policy and regulations for the State Administration of Foreign...
The dollar pared gains against major currencies on Wednesday after the Fed said there remains "considerable time" before an interest rate hike.
With disappointing economic data chasing China into the new year, HSBC is cutting its growth forecasts, citing five key themes for the economy.
The U.S. dollar slipped against major currencies on Tuesday on expectations that the Federal Reserve would take a cautious tone.
Emergency measures by the Russian central bank Monday night looked to have fallen short within hours of their announcement.
The U.S. dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy.
The Norwegian crown sank to its weakest in more than a decade against the U.S. dollar on Friday, a day after Norway's central bank cut rates.
The dollar was boosted by strong U.S. retail sales numbers and declining jobless claims, suggesting the US economy may get a rate hike next year.
WASHINGTON, Dec 11- The United States will continue to press China on its currency, protection of intellectual property and state-owned businesses, U.S. "The key with China is to continue to simply press them on those areas where trade is imbalanced, whether it's on their currency practices, whether it's on IP protection, whether it's on their state-owned...
Emerging markets may be buffeted by a stronger U.S. dollar and lower commodity prices, but the segment's bonds still look like a good bet, analysts said.
The euro edged higher against the dollar, but investors remained nervous over an uncertain political situation in Greece.
The yen rose strongly on Tuesday as a further drop in oil prices hit risk appetite.
SHANGHAI, Dec 9- Chinese shares plunged on Tuesday, sharply reversing course from a two-week rally fueled in part by speculation the central bank would further ease policy, with a key stock index recording its biggest fall since the depths of the global financial crisis. The gyrations follow the People's Bank of China's surprise November interest rate cut in...