The dollar fell against a basket of currencies on Thursday after Federal Reserve chief Janet Yellen reiterated an accommodative monetary policy stance.» Read More
BEIJING, April 16- China said on Wednesday that it will push forward with reform of its renminbi exchange rate mechanism after the United States criticised Beijing for keeping its currency weak.
As China's first quarter growth hits 18 month low, Helen Qiao of Morgan Stanley and Hu Yifan of Haitong International discuss what to expect from the following quarters along with the nation's reforms agenda and its mounting corporate credit default woes.
Treasury stopped short of declaring China a currency manipulator, but singled it out among large U.S. trading partners for its currency practices.
The euro fell after the European Central Bank said it will be forced to ease further if the currency keeps going up.
Vinai Thummalapally, Executive Director, Select USA, U.S. Department of Commerce, makes a case for investing in the U.S. as the nation hopes to ramp up FDI flows from Asian powerhouses like China.
The dollar lost 2.5 percent against the yen since last Friday, on guidance that the Federal Reserve will not soon raise base interest rates.
Sam Le Cornu, Senior Portfolio Manager, Asia Listed Equities at the Macquarie Funds Group, explains why he believes China will unleash more stimulus despite the authorities ruling it out.
The dollar hit a three-week low on Thursday after minutes from the Federal Reserve's March meeting disappointed dollar bulls.
Joe Hockey, Treasurer of Australia, responds to U.S. Treasurer Lew's call for Beijing to pursue a market-determined exchange rate.
NEW YORK, April 9- The dollar dropped to more than two week-lows against the euro and Swiss franc on Wednesday after minutes of the latest Federal Reserve monetary policy meeting suggested that the U.S. central bank may not raise interest rates anytime soon.
The dollar bounced back a third of a percent against the yen after a steep slide against Japan's currency.
NEW YORK, April 9- The dollar rebounded from one of its worst performances against the yen on Wednesday as the. The dollar on Tuesday posted its largest one-day fall versus the yen in more than seven months, with investors buying back the Japanese currency after the Bank of Japan held off on additional monetary easing.
*Dollar gains foothold after biggest one-day fall in months. *Crown hit by signs central bank to cut rates. LONDON, April 9- The Swedish crown was the major mover on developed currency markets on Wednesday, falling half a percent against the euro after the Riksbank signalled it was moving closer to cutting interest rates.
LONDON, April 9- The dollar bounced back a third of a percent against the yen on Wednesday after its biggest fall in more than seven months against the Japanese currency, while the New Zealand and Australian dollars both made some progress. A meeting of the Riksbank was an early focus in Europe.
The dollar fell to a 10-day low against the yen after the Bank of Japan refrained from additional monetary easing.
SYDNEY, April 8- The euro held onto gains early on Tuesday, having risen broadly after the European Central Bank again played down the need for any immediate policy action. The euro firmed to 141.72 yen, pulling away from Monday's trough of 141.12, and climbed to A $1.4828, recovering from a 4-1/ 2 month low of A $1.4689 plumbed recently.
WASHINGTON, April 7- The United States warned Beijing on Monday that the recent depreciation of the Chinese currency could raise "serious concerns" if it signaled a policy shift away from allowing market-determined exchange rates. Washington has been pressing China for years to allow its currency to trade at stronger values.
The dollar lost ground against the yen and dipped versus the euro after U.S. jobs data last week disappointed.
EM currencies have rallied against the dollar after Friday's U.S. jobs number, with some forex experts predicting an interesting period ahead for the asset class.
The dollar fell on Friday after U.S. non-farm payrolls showed job growth necessary for the Fed to wind up its asset purchasing program.