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YUAN APPRECIATION
Global Market: Yuan strengthens as dollar retreats; China pushes back against undervaluation claimsThe Chinese yuan strengthened against the US dollar as the greenback retreated from an 18-month high. Beijing defended its currency policy ...
Global Market: Yuan heads for seventh straight quarterly gains as exporters boost dollar salesChina’s yuan strengthened against the dollar, heading for its seventh straight quarterly gain, supported by exporter dollar selling, strong...
Global Market: UK business growth cools as inflation pressures build in SeptemberBritish business activity weakened in September, with the services PMI falling to a three-month low while inflationary pressures intensifie...
Global Market: Singapore's US stock trading push struggles to attract investorsSingapore’s attempt to boost US stock trading during Asian hours has seen subdued volumes, highlighting challenges from competing products,...
Global Market: European shares edge higher as lower oil prices lift sentimentEuropean shares rose on Wednesday as falling oil prices boosted sentiment, while investors awaited eurozone PMI data for clues on economic ...
Global Market: Grab executives buy over $30 million in shares after stock slumpGrab Holdings executives purchased over $30 million in shares to boost investor confidence following a 50% stock decline. The sell-off occu...
US Market | Fed has sufficient reserves, strong rate control framework: PerliNew York Fed official Roberto Perli said the Federal Reserve has maintained effective control over short-term interest rates and sufficient...
US Market: Fed’s Collins backs rate hike, flags persistent inflation risksBoston Fed President Susan Collins backed the Fed’s recent rate hike, citing persistent inflation risks and arguing that a somewhat more re...
Global Market: Yuan slips as PBOC signals caution on currency appreciationChina’s yuan weakened Wednesday after the PBOC set a weaker midpoint, ending a 10-session streak of stronger guidance. Rising trade tension...
Global Market: Yuan climbs to strongest level since 2023 as Xi-Trump talks loomChina’s yuan climbed to a 3-1/2-year high against the dollar after the central bank set a stronger daily fixing for the 10th straight sessi...
Global Market: Yuan hits 4-year high as traders bet on further gainsChina’s yuan strengthened to four-year highs against the dollar, supported by strong exports, exporter dollar conversions and expectations ...
China urges more FX hedging to aid exportsChina's foreign exchange regulator is urging banks to implement currency hedging options for exporters. This strategy intends to protect bu...
Yuan’s gradual advance may offer boost to emerging currenciesChina's shift towards yuan appreciation is poised to boost emerging-market currencies, fueled by expectations of lower US interest rates. T...
- Wider yuan trading limit for creating more stable environment: China
China said its move to widen the daily trading limit of its currency against US dollar is aimed at breaking one-way expectation of the yuan...
- Roubini says yuan appreciation in China's interest
New York University economist Nouriel Roubini said Wednesday that a faster rise in the value of China's currency is not only good for the U...
- India not to join global chorus on yuan appreciation
India, mindful of its import dependency, is unlikely to join the global rhetoric urging China to let its currency appreciate.
- Yuan rise too slow, US warns of action
Treasury secretary Timothy F Geithner said China needs to allow a “significant, sustained” rise in its currency as lawmakers called for the...
- Indian exporters to gain from Yuan appreciation
Indian exporters will be able to give competition to their Chinese rivals in the global market if yuan appreciates.
- China denies agreement with US on currency appreciation
China today denied reports of reaching an agreement with the United States over Washington's demand to let its currency Yuan appreciate.
- G-7 renews calls for yuan appreciation
A report to the finance officials recommends major economies with inflexible currencies consider strengthening them if the global economy i...