LONDON, Sept 4- Emerging markets were shaken on Monday by North Korea's most powerful nuclear test yet, with stocks suffering their steepest loss in more than three weeks while South Korea's bourse and currency plumbed multi-week lows. Tensions showed little sign of abating as South Korea's defence ministry said it was seeing signs North Korea planned to...
*Any moves to curb rupee could put India on U.S. watchlist. NEW DELHI, Sept 4- India's stronger currency has become a threat for its growth aspirations, piling pressure on the central bank to aggressively intervene in the foreign exchange market even at the risk of incurring the wrath of the United States. While the rupee's surge is being driven by strong capital...
*Any moves to curb rupee could put India on U.S. watchlist. NEW DELHI, Sept 1- India's stronger currency has become a threat for its growth aspirations, piling pressure on the central bank to aggressively intervene in the foreign exchange market even at the risk of incurring the wrath of the United States. While the rupee's surge is being driven by strong capital...
The dollar added to its losses on Friday after the release of disappointing U.S. employment data.
LONDON, Aug 31- A modest dollar bounce took some of the steam out of emerging markets on Thursday, with equities edging further off recent three-year highs though they were set to end August with an eighth straight month of gains. In currencies, the dollar's recovery on the back of upbeat U.S. economic data hurt Turkey's lira, South Africa's rand and China's yuan.
Unimpressive U.S. economic data failed to boost expectations for another Federal Reserve rate increase this year.
If a currency can be managed well, economies can actually stand to gain from a depreciating currency, explains Arthur Kwong of BNP Paribas Asset Management.
The U.S. dollar rose broadly on speculation the European Central Bank could step in to weaken the euro.
The U.S. dollar turned positive against a basket of major rivals on Tuesday after touching its lowest level in more than 2½ years.
The U.S. dollar index dropped to its lowest in roughly 16 months and a more than 2½-year low against the euro on Monday.
The euro soared to its highest level in more than two years after ECB President Mario Draghi did not express concern about a strong euro.
The dollar edged higher on Thursday after another politically driven slide against the euro and yen in the previous session.
The dollar fell on Wednesday in a generally risk-averse market after President Trump threatens a government shutdown, termination of NAFTA.
The dollar rallied on Tuesday after falling for two straight days, benefiting from the euro's decline.
The dollar slumped on Monday amid geopolitical tension in North Korea, ahead of the annual central banking conference in Jackson Hole.
SHANGHAI, Aug 21- China's yuan turned softer against the U.S. dollar on Monday even amid firmer guidance from the central bank as corporate dollar purchases remained strong. Prior to market opening, the People's Bank of China set the midpoint rate at 6.6709 per dollar, slightly firmer than the previous fix 6.6744. The dollar had stumbled against a basket of major...
The dollar fell against a basket of major currencies on Friday in wake of continued political uncertainty.
SHANGHAI, Aug 18- China' a yuan eased against the U.S. dollar on Friday and looked set to post its first weekly loss since early July, after a strong multi-month rally. But the yuan has strengthened for three consecutive months from May till July, an unusual run for China's currency. Separately, China's foreign exchange regulator said on late Thursday that China will...
LONDON, Aug 17- Emerging stocks sailed higher for a second day and many currencies firmed on Thursday after diminishing U.S. interest rate prospects and political upheaval in Washington hurt the dollar while choppy commodity prices cast a shadow over some markets. In Asia, heavyweights South Korea and Taiwan as well as Chinese mainland stocks rose around half...
The dollar rose but was volatile as rumors swirled about the possible resignation of Gary Cohn.