GO
Loading...

Chinese Yuan

More

  • *China allows banks to freely set OTC yuan/dollar rates. SHANGHAI/ BEIJING, July 3- China has permitted banks to freely set their own exchange rates for the yuan against the dollar in over-the-counter transactions-- another step toward freeing the exchange rate from government control.

  • Dollar shines on US private sector jobs report Wednesday, 2 Jul 2014 | 2:04 PM ET

    The report boded well for Thursday's U.S. nonfarm payrolls report, and provided a boost to the dollar.

  • *China allows banks to set OTC dollar/yuan rates. *A small step in China's gradual forex reform. BEIJING, July 2- China will permit banks to set their own exchange rates for the yuan against the dollar in deals with clients, in a further step to relax controls to make the currency more market-driven.

  • BEIJING, July 2- China will permit banks to set their own exchange rates for dollar/yuan deals with their clients, relaxing controls in a bid to make the currency more market-driven. "This is a small step in China's foreign exchange reforms," said an analyst at state-owned Bank of China, the country's biggest foreign exchange bank, who asked not to be identified.

  • BEIJING, July 2- China is abolishing controls on the dollar/yuan exchange rate for banks when they deal with clients, the nation's foreign exchange regulator said on Wednesday. Effective on Wednesday, banks are allowed to set the dollar/yuan exchange rate based on market demand, the regulator said.

  • Factory data drives sterling highest since crisis Tuesday, 1 Jul 2014 | 11:25 AM ET

    A UK factory survey adds to evidence that Britain's consumer-led recovery is becoming more balanced and sustainable.

  • Euro back around $1.37 as ECB meets again Tuesday, 1 Jul 2014 | 4:47 AM ET

    The euro held near a six-week high against the dollar on Tuesday, threatening a break past $1.37.

  • *Yuan boosts China's globalisation programme. SHANGHAI, June 30- China's yuan rose against the dollar on Monday after hitting a two-week high in intraday trading as the central bank set a slightly stronger midpoint- signalling that the government is willing to keep the currency stable for now, traders said.

  • Is it time to go outright bullish on China? Sunday, 29 Jun 2014 | 6:46 PM ET

    China shares have long been considered cheap for good reason, suffering a long downtrend, but some say now is the time to turn outright bullish.

  • Dollar falls for second week, Kiwi charges higher Friday, 27 Jun 2014 | 10:49 AM ET

    The dollar looked set for a second week of losses on Friday, after a string of poor U.S. economic data that gave investors no reason to expect higher interest rates soon.

  • Sterling shines on BoE rate expectations Thursday, 26 Jun 2014 | 8:42 AM ET

    Sterling rallied on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations.

  • China’s risky borrowers really getting a better deal? Wednesday, 25 Jun 2014 | 7:04 PM ET

    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.

  • Pound sags after less hawkish BOE Wednesday, 25 Jun 2014 | 4:57 AM ET

    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.

  • Sterling rattled as BoE chief downplays rate hike Tuesday, 24 Jun 2014 | 2:58 PM ET

    The British pound fell after the Bank of England did little to bolster rate hike expectations.

  • China's yuan steady, c.bank and oil prices in focus Monday, 23 Jun 2014 | 11:04 PM ET

    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.

  • Investing in China: A Catch-22? Monday, 23 Jun 2014 | 7:02 PM ET
    People walk in front of the Shanghai Stock Exchange Building in Shanghai, China

    China shares are stuck between hopes low valuations may spur bargain buying and fears of a potential credit crisis, but some see trading opportunities.

  • Euro dips on data; Aussie and Kiwi jump Monday, 23 Jun 2014 | 8:55 AM ET

    The Australian and New Zealand dollars both jumped on Monday, after a promising China manufacturing survey.

  • Upbeat data lifts dollar, sterling near 5-1/2-year high Thursday, 19 Jun 2014 | 10:41 PM ET

    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.

  • Dollar takes a hit after dovish Fed chatter Thursday, 19 Jun 2014 | 9:19 AM ET

    The dollar sank to its weakest level in three weeks on Thursday after a cautious message from the Federal Reserve.