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WEAKER YUAN POLICY
Gold may fall to $3,800 on Fed hike risk; ETF outflows, weak Asia demand weigh: Deutsche Bank reportDeutsche Bank has significantly lowered its gold price forecast, warning of a potential drop to $3,800 per ounce if the Federal Reserve imp...- China's May loan growth dips on weak demandAggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data ...
- Global Market: Oil crisis and strong dollar intensify pressure on Asian currenciesAsian economies face a global energy shock. Policymakers are enacting emergency measures as currencies weaken and fuel costs surge. India u...
- Global Market: China chip rally sparks valuation bubble fears among investorsChinese chip companies are seeing high stock valuations. This surge is fueled by China's drive for technological self-reliance. However, re...
- Dollar poised for largest weekly rise in two months as Fed hike bets increaseDollar surged to a two-month high, fueled by rising energy prices and shipping disruptions, intensifying inflation fears and boosting expec...
- Not just US dollar, Indian rupee has tanked up to 25% across 9 major currencies in 1 yearThe Indian rupee has seen a significant decline against most global currencies, not just the US dollar. This broad-based weakness is driven...
- BYD car discounts show China’s EV price war is getting worseChina's car market faces fierce price competition. BYD and rivals are increasing discounts despite government calls to stop. This intense r...
- Rupee dips on outflows; state-run banks' dollar sales cushion fallGrowing expectations of a December rate cut by the U.S. Federal Reserve helped boost global equities, with India's benchmark equity indexes...
- China to weaponize U.S. Treasuries? Scott Bessent says Xi Jinping will have to think twice before doing so, citing these reasonsUS Treasury Secretary Scott Bessent dismisses concerns about China weaponizing its US Treasury reserves, arguing it would harm China's econ...
- Rupee posts worst week in 2 months, US dollar's decline cushions fallThe Indian rupee logged its worst week since February as drastic shifts in U.S. trade policy sparked volatility in global markets and weigh...
- Rupee ends weaker; Fed policy path, yuan price action in focusTraders pointed to strong dollar demand from local importers, paring of speculative longs, and likely absorption of dollar inflows by the R...
- China's yuan slumps to seven-month low on weaker guidanceMarkets react to the Federal Reserve's uncertain policy outlook as the dollar's index strengthens. JOLTS job openings data release creates ...
- China's yuan slips to fresh 7-month lows as outflows mountChina's yuan dips to a fresh seven-month low against the dollar due to portfolio outflows and speculation about the central bank's actions.
- China's yuan hits 5-month low, strong official fix limits lossesEarlier in the day, the central bank kept a key policy interest rate steady as widely expected when rolling over maturing medium-term loans...
- China's yuan slides to 4-month low, state banks step inChina's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step i...
- Yuan drops toward record low as China budges in fight with bearsThe PBOC is faced with a daunting task of maintaining the socalled impossible trinity, where it needs to stabilize the exchange rate and pr...
- China stocks end lower as materials, transport firms weighThe blue-chip CSI300 index fell 1.7 per cent, to 4,947.75, while the Shanghai Composite index shed 1.1 per cent to 3,412.95.
- Yuan on course for longest monthly winning run in 6 yearsTraders said seasonal corporate dollar demand to settle their overseas payments was heavy on Monday and pressured the yuan, but such impact...
- Here's what could happen if the yuan slips to 7 a dollarYuan is down about 2.5 per cent in May, headed for its worst drop since July.
- Light PBOC touch makes once unlikely yuan at 7/$ seem possibleYuan has lost more than 2.5 per cent against the dollar since the festering China-US trade dispute.
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