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Currencies Foreign Exchange

  • BEIJING, Oct 18- China's central bank said global usage of the yuan will increase and its function as a reserve currency will gradually emerge. The People's Bank of China also said it will push forward with internalisation of the yuan and keep the yuan's position stable in the global monetary system, according to a report posted on its website on Tuesday.

  • 100 dollar bills

    The dollar edged higher as markets awaited further news on the possible appointment of a hawk as Fed chair and progress on U.S. tax reforms.

  • BEIJING, Oct 18- China's foreign exchange regulator said on Wednesday he expects yuan exchange rates to have a more stable foundation after the 19th Communist Party Congress, amid market expectations of a move to widen the yuan's daily trading band. The central bank has "basically exited" from its regular yuan intervention as the currency has recently become...

  • *Yen helped by caution ahead of Japan election. TOKYO, Oct 18- The dollar held an upper hand against other major currencies on Wednesday as investors weigh the possibility that U.S. "Who will be the next Fed Governor is the most important focus of the market now," said Yukio Ishizuki, senior strategist at Daiwa Securities.

  • Treasury keeps China on currency monitoring list. WASHINGTON, Oct 17- The United States on Tuesday declined to name China as a currency manipulator although it remained critical of the Chinese government's economic policies ahead of a planned visit to Beijing by President Donald Trump. Treasury currency report said no countries deserved the currency...

  • *Taiwan still has material current account surplus with U.S. *Treasury urges Taiwan to increase FX transparency. Treasury currency report, released on Tuesday, said Taiwan was removed from its currency "monitoring list" because it had continued to reduce the scale of its foreign exchange interventions since the April 2017 report.

  • BEIJING, Oct 18- China's foreign exchange regulator said on Wednesday he expects yuan exchange rates to have a more stable foundation after the 19th Communist Party Congress. The central bank has "basically exited" from its regular yuan intervention as the currency has recently become more stable said Pan Gongsheng, head of the State Administration of Foreign...

  • BEIJING, Oct 18- China's foreign exchange regulator said on Wednesday he expects yuan exchange rates to have a more stable foundation after the 19th Communist Party Congress.

  • *Yen helped by caution ahead of Japan election. TOKYO, Oct 18- The dollar held an upper hand against other major currencies on Wednesday as investors weigh the possibility that U.S. "Who will be the next Fed Governor is the most important focus of the market now," said Yukio Ishizuki, senior strategist at Daiwa Securities.

  • WASHINGTON, Oct 17- The United States on Tuesday declined to name China as a currency manipulator although it remained critical of the Chinese government's economic policies ahead of a planned visit to Beijing by President Donald Trump. Treasury currency report said no countries deserved the currency manipulator label, but it kept China on a currency "...

  • *Loonie touches its highest since Oct. 6 at C $1.2591. *Canada's 2- year yield further below U.S. counterpart. The currency traded in a relatively broad range, with its strongest level of the session was C $1.2514, while it touched its weakest since Oct. 6 at C $1.2591.

  • WASHINGTON, Oct 17- Washington on Tuesday declined to name China as a currency manipulator although it remained critical of the Chinese government's economic policies ahead of a planned visit to Beijing by President Donald Trump. Treasury currency report said no countries deserved the currency manipulator label but it kept China on a currency "monitoring...

  • WASHINGTON— The Trump administration on Tuesday once again declined to label China a currency manipulator, even though Donald Trump repeatedly pledged during last year's presidential campaign that he would do so as soon as he took office. Instead, the administration, in a report it must issue every six months, kept China and four other nations— Germany, Japan,...

  • WASHINGTON, Oct 17- Washington on Tuesday declined to name China as a currency manipulator although it remained critical of the Chinese government's economic policies ahead of a planned visit to Beijing by President Donald Trump. Treasury currency report said no countries deserved the currency manipulator label but it kept China on a currency "monitoring...

  • NEW YORK, Oct 17- The dollar rose to a one-week high against a basket of currencies on Tuesday on speculation that U.S. Yields climbed as well on growing expectations that Trump favored Stanford economist John Taylor to head the U.S. central bank. Yellen so under his potential tutelage, the central bank might lift borrowing rates more aggressively, which would...

  • NEW YORK, Oct 17- London- based currency manager Adrian Lee& Partners said on Tuesday the Alaska Permanent Fund Corporation had awarded it a mandate to manage $2 billion of international foreign exchange exposure. The Alaska Fund, which manages roughly $62 billion in assets, posted a return of 2.05 percent as of Aug. 31, outperforming a target return 1.04 percent...

  • NEW YORK, Oct 17- The dollar rose to a one-week high against a basket of currencies on Tuesday on speculation that U.S. Yields climbed as well on growing expectations that Trump favored Stanford economist John Taylor to head the U.S. central bank. Yellen so under his potential tutelage, the central bank might lift borrowing rates more aggressively, which would...

  • NEW YORK, Oct 17- The dollar rose to a one-week high against a basket of currencies on Tuesday on speculation that U.S. Yields climbed as well on growing expectations that Trump favored Stanford economist John Taylor to head the U.S. central bank. Yellen so under his potential tutelage, the central bank might lift borrowing rates more aggressively, which would...

  • ABUJA, Oct 17- Nigeria is looking to boost agricultural exports to earn more hard currency, and aims to cut imports of rice and wheat which together cost it almost $4 billion a year, Agriculture Minister Audu Ogbeh told Reuters. Nigeria emerged from recession in the second quarter as oil revenues rose, but growth was sluggish. He said Nigeria needed 12 million...

  • LONDON, Oct 17- Britain's pound slid to a five-day low after comments by Bank of England policymakers were interpreted by markets as dovish despite newly published inflation data in line with expectations. Silvana Tenreyro, external member of the Monetary Policy Committee, said the upward pressure on inflation from sterling weakness will start to wane in the...