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Dollar Tumbles As Trump Blasts China, EU "Currency Manipulation", Fed Rate Hikes, Strong Dollar
After bouncing yesterday following White House reassurances of Fed independence and PBOC's big weakening of the Yuan fix, the dollar is tumbling again this morning... accelerating after Trump tweeted that "China, EU are manipulating their currenc.....»»
Nomura: "Something Is Going On With The Chinese Yuan"
Yesterday, when looking at a chart of gold priced in yuan, a level which the PBOC appeared to be far more concerned about than the yuan-dollar exchange rate, we aske.....»»
Dollar snaps six-day losing streak, yuan shrugs off PBOC cash injection
The dollar snapped a six-day losing streak to add 0.2% on Thursday, the first trading day of 2020, pushing the euro off five-month highs while the offshore yuan shrugged off reserve ratio cuts that could add $115 billion worth of liquidity......»»
China sets yuan midpoint weaker than 7 for second time this week
China's central bank set the yuan's midpoint weaker than 7 per U.S. dollar for the se.....»»
Kyle Bass Warns Yuan Could Sink Another 40% If PBOC Pulls Support
Too bad Kyle Bass closed his yuan short earlier this year. If he had held that position, he would have made a killing on Monday, when the Chinese currency broke below 7 to the dollar and continued to tumble as the currency war betwee.....»»
Asia stocks gain, dollar droops as Fed chair sets stage for rate cut
Asian stocks gained and the dollar drooped on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month......»»
Asia stocks rise, dollar sags as Fed chair sets stage for rate cut
Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month......»»
Light PBOC touch makes once unlikely yuan at 7/$ seem possible
As China's yuan slips to historically weak levels against the dollar, the central bank's atypical light touch is spurring speculation that policymakers want to be more judicious in their intervention and have no specific target for the currency......»»
Iran sets rial"s exchange rate to the dollar amid record low
Iran is moving to enforce a single exchange rate to the dollar, banning all unregulated trading after the country's currency, the rial, hit an all-time low......»»
"China doesn"t need to punish itself for others" foolish trade policies": Wall Street warns Beijing against weakening its currency
AP/Emily Wang The Chinese yuan has been sinking to fresh lows versus the dollar. Though the People's Bank of China has tolerated the depreciation beyond its stated exchange-rate policy, analysts say yuan depreciation.....»»
Yuan Reverses Course, Rises Against Dollar
The Chinese currency surged against the dollar on Wednesday, continuing a recovery that began the previous afternoon after China’s central bank chief pledged to keep the exchange rate “basically stable.â€.....»»
Currencies: China’s yuan rallies against the dollar
The Chinese yuan was trading higher against the dollar on Wednesday, continuing a recovery that began the previous afternoon after China’s central bank chief pledged to keep the exchange rate “basically stable.â€.....»»
Yuan Steadies After Large Drop in Official Rate
The Chinese yuan recovered from a morning decline to end roughly flat against the dollar on Thursday, after the central bank guided the currency to its largest one-day drop against its U.S. counterpart in a year and a half......»»
Currencies: Dollar index sputters ahead of Fed’s Powell testimony
The U.S. dollar index sputtered around the unchanged line Tuesday as investors readied for Federal Reserve commentary on the interest-rate gap that sets the buck above its major counterparts so far this year......»»
“It Was Only A Matter of Timeâ€: Trump Sets His Sights on the Fed’s Tightening and the Strong Dollar, Set Your Eyes On The Yuan
Who says that the President doesn’t – and shouldn’t – pay attention to the U.S. Dollar’s value?.....»»
Trade War Fears May Dent Nikkei, Boost JPY - Asia Market Wrap
DailyFX com See our 3Q forecasts for the US Dollar Yen and Equities in the DailyFX Trading Guides page US Session Developments PBOC Yuan NFPs AUD USD JPY The US Dollar pared its gains from the Asian European session during.....»»
Chinese yuan rallies as PBOC reintroduces counter-cyclical factor in fixing: report
China's yuan strengthened against the U.S. dollar on Friday following a Reuters news report that the People's Bank of China had reintroduced the so-called cou.....»»
Nomura: Here Are The 3 Signs Stocks Are Becoming Concerned About Excessive Fed Tightening
By Charlie McElligott, head of cross-asset strategy at Nomura Momentum Parties While Softer US Dollar, PBOC Actions Boost Risk-Assets Global risk-sentiment in one asset: Offshore Yuan sees a powerful reversal STRONGER agai.....»»
Yuan jumps to two-and-a-half week high as PBOC reinstates fix factor - Reuters
ReutersYuan jumps to two-and-a-half week high as PBOC reinstates fix factorReutersSHANGHAI (Reuters) - China's yuan surged to a 2-1/2 week high against the U.S. dollar in early trade on Monday, after the cen.....»»
Metals Stocks: Gold’s climb sets prices up for highest finish in 2 weeks
Gold futures move solidly higher on Wednesday, buoyed by a weaker dollar, even as a decline in the latest wholesale inflation data did little to sway expectations for further Federal Reserve interest-rate hikes......»»