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YUAN CURRENCY TRADING
Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...
Dollar girded by bets on a US hiking cycleOn Wednesday, the dollar maintained its recent strength against leading currencies as traders eagerly awaited the Federal Reserve's anticip...
Dollar near two-week high as oil surge lifts yields, Fed hike betsStrengthening towards a two-week high, the dollar gained ground as oil prices jumped and Treasury yields rose. With a significant rate hike...
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...
India's BRICS play may have a payment plan with no hard cashIndia is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links between national payment systems a...
BRICS Summit in New Delhi: The grand finale is India's moment to navigate a bigger, and more divided blocIndia hosts the BRICS summit, aiming to unify the expanded group. The enlarged bloc now includes major energy producers and consumers, fost...
Currency markets subdued as oil shock lifts global yields; ECB, U.S. inflation eyedCurrency markets remained steady as investors assessed rising oil prices and bond yields. The Japanese yen's strong rally paused before key...
Yen extends rally to new seven-month high; dollar subdued ahead of CPIThe Japanese yen achieved impressive seven-month highs against the U.S. dollar on Tuesday, driven by traders closing short positions in lig...
US pushes G20 to cut trade imbalances, focus on ChinaG20 members face stalled talks on global trade and fiscal imbalances. United States officials are urging higher barriers on Chinese goods t...
Scott Bessent urges G20 to push China to curb exports, boost domestic demandUS Treasury Secretary Scott Bessent will urge G20 members to re-examine trade terms with China. He aims to shrink global imbalances and pre...
US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoilUS Treasury Secretary Scott Bessent will push G20 economies to reduce trade imbalances, boost growth and cut ties with Iran at meetings in ...
Shanghai plans subsidies to kick start dormant offshore debt market: ReportShanghai is rolling out new subsidies to lure offshore bond issuers into its free trade zone. This initiative aims to invigorate the curren...
Dollar trading near multi-month lows, restrained by debt nervesThe dollar is facing significant weakness, hovering close to multi-month lows as market participants await crucial details on sanctions and...
Yen edges up as traders push back Fed rate hike betsThe yen slightly appreciated against the dollar, seemingly unfazed by disappointing Japanese GDP results. Market participants have begun to...
What Bessent’s economic isolation of Iran could look likeThe US Treasury plans new economic pressure on Iran, facing skepticism from critics. Targeting China's oil purchases poses risks to US-Chin...
Yen's slide to weekly loss prompts bets for another interventionThe Japanese yen is facing its steepest drop in three months, prompting traders to expect more government action to support its value. Key ...
New-age firms' listing gains fade fast; IT deal renewal in focusHappy Thursday! Some of the best-received new-age IPOs are now trading below their issue price, ET analysis shows. This and more in today’s...
Global Market: Hong Kong launches offshore Chinese government bond futures to boost Yuan internationalisationHong Kong has launched the world's first offshore Chinese government bond futures, providing global investors with a new tool to hedge inte...
$32 billion inflows from India's forex drive yet to boost rupeeIndia's special measures have attracted $32 billion in foreign currency inflows, but the boost has yet to significantly strengthen the rupe...
China's latest 'shock', German auto pain and the euro/yuan pressure cookerChina's export engine is posting a large trade surplus, defying global challenges and trade tensions. Chinese exports climbed significantly...