Fri, Aug 18, 2023
China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to slow the yuan's depreciation
Tue, Aug 20, 2019
Currently, gold is going through a massive buying spree amid amid present and future global equity market concerns.
Tue, Jun 11, 2019
China`s central bank said on early Tuesday it will sell yuan-denominated bills in Hong Kong in late June, in a move that some market analysts believed was aimed at stemming a sharp decline in the yuan currency.
Thu, Feb 28, 2019
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, Xinhua news agency reported.
Thu, Jul 26, 2018
Asian currencies have been hobbled in the past two weeks as the U.S. dollar firmed due to more clarity on the Federal Reserve`s rate stance and as trade war ructions caused capital to depart from the region.
The number of Americans filing for unemployment benefits dropped to a more than 48-1/2-year low for the week ended July 14 as the labor market strengthens further.
Wed, Jun 13, 2018
"We expect the dollar to start weakening around the end of this year or the start of next year. Weaker dollar is expected to support most emerging market currencies," said Amy Yuan Zhuang, chief Asia analyst at Nordea. Rising inflation is a well-established risk and any further rapid rise in global crude prices would weigh heavily on the fiscal arithmetic, which is already widening.
Tue, Mar 14, 2017
Around this time last year analysts and currency experts were betting for Indian Rupee to be one of the worst performers globally. They expected Rupee to cross Rs 70 to a dollar by December 2016.
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