KEY POINTS Investors are watching the number closely after the currency breached an important 7-yuan-per-dollar level on Monday for the first time since the 2008 global financial crisis. Economists polled by Reuters had expected the People’s Bank of China to set the yuan at 7.0205 per...
Safe haven currencies the Japanese yen and Swiss franc gained on Wednesday after New Zealand’s central bank cut interest rates by more than expected, feeding concerns about the weak global economy. The Reserve Bank of New Zealand cut its official cash rate to a record low...
KEY POINTS On Monday, the U.S. Treasury accused Beijing of deliberately influencing the exchange rate between the yuan and the U.S. dollar to gain an “unfair competitive advantage in international trade.” The announcement followed a sharp drop in the yuan against the dollar, with the...
LONDON: The pound will tumble to the lowest level since 1985 if the UK leaves the European Union without a deal, a prospect that looks more likely now than six months ago, according to a Bloomberg survey of analysts. There is now a 30% chance that...
* Yuan down over 1% on concerns about trade war impact * Aussie near January low, yen hits 7-month high * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh By Hideyuki Sano TOKYO, Aug 5 (Reuters) - China’s yuan tumbled more than 1% on Monday to 11-year lows on mounting fears...
KEY POINTS The policymaking Federal Open Market Committee drops the target range for its overnight lending rate to 2% to 2.25%, or 25 basis points from the previous level. The Fed cites “implications of global developments for the economic outlook as well as muted inflation...
KEY POINTS The Fed is expected to cut its fed funds target rate by a quarter point Wednesday, in a move seen as preventative by economists. The July jobs report is expected Friday, and it should show solid job growth of 170,000, according to Refinitiv. ...
A U.S. push to change the Iran nuclear deal was sending a "very dangerous message" that countries should never negotiate with Washington, Iran's foreign minister warned. U.S. and North Korean leaders are preparing to meet for denuclearization talks. A U.S. push to change the Iran...
[TOKYO] The US dollar firmed against its peers on Friday, supported as an improvement in investor risk appetite lifted equities and pushed US yields significantly higher. The US dollar index against a basket of six major currencies was a shade higher at 89.758. It rose 0.2...
LONDON (Reuters) - U.S. President Donald Trump and Britain’s Prime Minister Theresa May agree on the need to find an international response to deter the use of chemical weapons in Syria, the British prime minister’s office said on Thursday. Trump and May spoke after May’s senior...