The dollar rose for a second day, building on a modest comeback from a two-week decline.» Read More
The dollar was on track for its biggest one-day gain against the euro in a week on Thursday after traders reestablished bullish bets on the greenback.
SHANGHAI, March 26- China's foreign exchange regulator granted a foreign fund management company a quota of more than $1 billion on inbound portfolio investment for the first time on Thursday, in a move toward increasing international use of the yuan currency. Hitherto, only foreign central banks, monetary authorities and sovereign wealth funds had been...
HONG KONG, March 26- China sent a strong message to the International Monetary Fund this week urging that the yuan be included in its special drawing rights basket, with top officials promising further reforms and striving for full convertibility this year. The yuan's possible inclusion in the basket, an international reserve asset, will greatly enhance...
The dollar fell against a basket of major currencies after weaker-than-expected U.S. data combined with a robust survey of German business morale.
TORONTO, March 23- Canada's export agency signed a deal with China's biggest bank on Monday to promote the use of the yuan as a settlement currency in trade-related transactions, as officials in Toronto launched the first yuan trading hub in the Americas. The trading hub and clearing center launched on Monday in Toronto. Nonetheless, Canada's Finance Minister...
The dollar fell for a second straight session against a basket of major currencies after traders unwound bullish dollar positions.
OTTAWA, March 23- Canada's export agency signed a deal with China's biggest bank on Monday to promote the use of the yuan as a settlement currency in trade-related transactions, as officials in Toronto prepared to launch the first yuan trading hub in the Americas. The Canadian Chamber of Commerce estimated in November that the trading hub could boost Canadian...
The dollar stumbled on Friday, capping its worst weekly performance against the euro in more than two years.
Volatility has become a market hallmark this year and investors across Asia are grappling with a slew of issues. Here are the top five themes.
Rebounding from steep losses in the previous session on a cautious Fed statement on interest rates, the dollar rose broadly.
*Treasury yields down sharply, Australia, Germany at record low. The shift in rate expectations had hit the dollar hard at first, though it had repaired almost all of the damage as trading gathered momentum in Europe. The euro found itself as high as $1.10625 in turbulent trade late on Wednesday, but was back down at $1.0683 as markets also began to focus on what are...
The dollar nursed hefty losses, having suffered its biggest one-day fall against the euro in six years after the Federal Reserve struck a dovish tone.
China's economic slowdown has pushed policy makers toward stimulus measures, spurring concerns over whether long-sought reforms may falter.
However, South Africa's rand, Turkey's lira and the Brazilian real all eased against the greenback ahead of the Fed's policy statement, widely anticipated to lay the ground for the first U.S. interest rate hike in nearly a decade later in the year. In Moscow, both dollar and rouble-denominated shares gained ground while in Israel shares rose 0.6 percent after...
Marc Faber, Gloom, Boom & Doom Report, says he is watching Japanese interest rates, real estate in Europe, emerging markets and Chinese stocks.
The dollar fell for a second straight day against major currencies, pressured by weak US economic data as the Fed started a two-day policy meeting.
The euro rose for a second day against the dollar on Tuesday as investors awaited the start of a two-day U.S. Federal Reserve policy meeting.
CNBC's Pauline Chiou takes you through the main risk events in Asia this week.
The euro extended its losses against the greenback on Friday as it traded under $1.05.
The euro extended gains against the dollar after surprisingly weak February retail sales data, recovering from an earlier 12-year low in Asian trade.