The dollar began the final week of 2014 firm, as the euro dipped to two-year lows while investors awaited a key vote in Greece later in the session.» Read More
The Japanese yen left many currency experts wrong-footed on Monday with a seemingly unstoppable depreciation coming to an abrupt halt.
HONG KONG, Nov 17- China's yuan firmed slightly on Monday as a landmark scheme connecting the Hong Kong and mainland stock markets got underway, gaining against a dollar that slipped into pause mode after its recent strength against a basket of major currencies. A trading link that will let Hong Kong and Shanghai investors buy and sell shares on each other's...
The dollar rallied on Friday, helped by unexpectedly strong U.S. retail sales data and a slide in the yen to seven-year lows.
Treasury Secretary John Connally told Europeans fretting over the falling value of the dollar that "The dollar may be our currency, but it's your problem." That, argues Michael Howell of consultancy Crossborder Capital in London, is an issue given the diminished importance of the U.S. economy, now only about a fifth of the global whole but one which produces the...
Dollar moved towards a seven-year high against the yen, driven by speculation that the Japanese Prime Minister will call a snap election.
Soc Gen's Albert Edwards believes the Japanese currency will sink to 145 yen against the dollar by April, forcing devaluations across Asia.
Michael De Jong, Minister of Finance of British Columbia, Canada, explains why events like the HK-Shanghai trade link won't derail Canada's plans to become a center for offshore renminbi trading.
China's economic risks may keep market watchers up at night, but at least one analyst believes the bugbears are reasons to be bullish.
Britain's pound slouched near recent 14-month lows against the dollar as investors pushed back rate-hike expectations to the fourth quarter of 2015.
SYDNEY, Nov 12- London copper edged lower on Wednesday after gaining about half a percent in the previous session when U.S. markets were shut for a holiday, while zinc prices were underpinned by a strike at a Peruvian mine. Prices have traded in a narrow $300 band of around $6,500- $6,800 since mid-September as modestly growing demand is met by ample supply.
SYDNEY, Nov 12- London copper was little changed on Wednesday after gaining about half a percent in the previous session when U.S. markets were shut for a holiday, while zinc prices were underpinned by a strike at a Peruvian mine. Prices have traded in a narrow $300 band of around $6,500- $6,800 since mid-September as modestly growing demand is met by ample supply.
The dollar climbed to a seven-year high against the yen as Prime Minister Abe is likely to delay a planned sales tax increase.
The dollar fell for a second straight session on Monday in quiet trading as investors took more profits on earlier steep gains.
Dariusz Kowalczyk, Senior Economist & Strategist at Credit Agricole, says the HK-Shanghai trade link will fuel a rise in China's capital inflows, underpinning strength in the renminbi.
84 percent of respondents polled by CNBC expect the greenback to march higher this week while Asian currencies continue to struggle. CNBC's Sri Jegarajah breaks down the results.
*China, Canada agree to 200 bln yuan currency swap. *China to give Canada 50 bln yuan RQFII quota. BEIJING, Nov 8- China's and Canada's central banks agreed to a currency swap worth 200 billion yuan or C $30 billion, said a Canadian government statement issued at a meeting of Asia Pacific nations on Saturday.
The dollar slipped on Friday after a solid but below-expectation October U.S. jobs report.
The Russian central bank said it was prepared to support the ruble in foreign exchange markets after it tumbled to new lows on Friday.
Asia's currencies are set for a beating, buffeted by the G3 central banks, a stronger U.S. dollar and newly volatile Chinese yuan, HSBC said.
HONG KONG, Nov 7- China's currency edged higher on Friday and is set to rack up a fifth consecutive week of gains though a slowing economy is feeding a growing view that the yuan may be nearing a peak. Beijing's tolerance for a weaker currency is also likely to increase in the near term particularly as key trading partners such as Japan and the euro zone commit to...