China will further open up forex market: regulator

Sun, 07 Jul 2019 - 09:31 GMT

China will fend off cross-border capital flow risks and continue to open up its foreign exchange market, the forex regulator said on Sunday.

Egypt plans bond denominated either in yuan or yen or S.Korean won-official

Tue, 18 Jun 2019 - 02:23 GMT

Egypt plans to issue an international bond in either the Chinese, Japanese or South Korean currency in the coming fiscal year starting in July.

Australia dollar struggles after RBA caution, other currencies tread water

Tue, 16 Apr 2019 - 09:44 GMT

The Australian dollar was the surprise loser after Australia’s central bank left the door ajar for a possible cut in interest rates.

Trade talk optimism fuels gains in Aussie, yuan

Wed, 03 Apr 2019 - 10:09 GMT

For currency markets, that meant a rebound in the Aussie, long seen as a proxy for China given Australia’s export industries, and China’s yuan.

Dollar struggles before Fed minutes; yuan hits three-week high

Wed, 20 Feb 2019 - 10:06 GMT

In offshore markets, the yuan rose 0.4 percent to as strong as 6.7195, its best level since Feb. 1.

Dollar snaps two-week losing streak as hedge funds grow bullish

Mon, 04 Feb 2019 - 10:33 GMT

With much of Asia out on holidays this week, the dollar also took heart from the recently concluded trade talks between China and the United States with the dollar set for its biggest two-day rising streak against the yuan in a year.

Aussie dollar, yuan sink on China export slump

Mon, 14 Jan 2019 - 09:44 GMT

The data took its toll on the Australian dollar and New Zealand dollar, which both fell more than 0.4 percent.

China Aug FX reserves dip more than expected to $3.11 trln

Fri, 07 Sep 2018 - 08:33 GMT

China's foreign exchange reserves fell slightly more than expected in August as the dollar extended gains and Beijing took steps to stabilize its yuan

Yuan eases on dollar demand, snapping a 3-day winning streak

Wed, 29 Aug 2018 - 09:00 GMT

The yuan showed some stability early in the week and paused its steep downtrend after the central bank moved to put a floor under the currency as the trade war with the United States grinds on.

Dollar softens as Powell disappoints bulls, NAFTA hopes lift Mexican peso

Mon, 27 Aug 2018 - 08:52 GMT

Powell made the case that gradual rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control.

Yuan at two-and-a-half week high as China signals support, revives fix factor

Mon, 27 Aug 2018 - 08:44 GMT

President Donald Trump, in an interview with Reuters last week, had accused China of manipulating its currency to help cushion the blow from U.S. tariffs on Chinese imports.

Asia shares nudge up with yuan, wary on Sino-U.S. talks

Mon, 20 Aug 2018 - 08:48 GMT

Spreadbetters pointed to a mildly positive start for European shares with FTSE futures up 0.1 percent. Eurostoxx 50 futures opened 0.3 percent higher.

Dollar remains steady after U.S. jobs data, focus on yuan

Mon, 06 Aug 2018 - 09:19 GMT

The dollar was about 0.1 percent higher at 95.259, crawling back to a more-than-one-year peak of 95.652 reached on July 19.

China's yuan weakens on renewed Sino-U.S. trade tensions, despite firmer fixing

Thu, 02 Aug 2018 - 08:48 GMT

U.S. President Donald Trump is looking to ratchet up pressure on Beijing for trade concessions by proposing a 25 percent tariff on $200 billion worth of Chinese goods.

U.S. threat of more tariffs on China hits yuan, Aussie

Wed, 11 Jul 2018 - 08:31 GMT

Asian equities also sold off, bringing a recent rally in markets as investors focused on the relative strength of the global economy to a halt.

Dollar sags after soft U.S. wages data, Brexit woes weigh on pound

Mon, 09 Jul 2018 - 09:02 GMT

The dollar index against a basket of six major currencies was 0.15 percent lower at 93.877.

Asian equities extend losses on eve of U.S. tariff deadline

Thu, 05 Jul 2018 - 08:03 GMT

Spreadbetters expected European stocks to open little changed, with Britain’s FTSE flat, Germany’s DAX 0.02 percent lower and France’s CAC down 0.1 percent.

Euro edges higher, yuan gains as trade concerns linger

Wed, 04 Jul 2018 - 08:46 GMT

The yuan was the big mover, gaining 0.8 percent as the Chinese currency continued its recovery from an 11-month low after the central bank took steps to stem its rapid slide.

Global trade tensions hit Asian currencies as bears take position

Thu, 28 Jun 2018 - 07:49 GMT

“Because countries like South Korea and Taiwan do export quite a high portion of their overall exports to China, as part of goods for China to re-export.”

Dollar steady, capped by confusion over U.S. stance on China investment

Thu, 28 Jun 2018 - 07:45 GMT

Demand stoked by the looming end of 2018’s first half was seen supporting the dollar, which was not dented by lower U.S. yields and a slide in Wall Street shares.