|Day's Range||6.874 - 6.874|
|52 Week Range||6.2342 - 6.9338|
Investing.com - The U.S dollar was little changed on Friday, while the Chinese yuan slipped after posting its biggest daily gain since January 2017 in offshore trade on Thursday following news that China and the U.S. will resume trade talks later in August.
Asia Down, Rupee Crushed, Bitcoin Up Asian stocks are down this morning, with Japan, China, and Hong Kong all participating in the pullback. Japan’s Nikkei (NYSEARCA:EWJ) is down close to 1%, Hong Kong’s Hang Seng (NYSEARCA:EWH) is down 1.8%, and China (NASDAQ:MCHI) is down 1.6%. The Chinese Yuan (CNY=X) hit the 6.9 level this morning, […] The post Market Morning: Asia Down, India Pummeled, Sears on Death Bed, Turkey Shoots Self In Foot appeared first on Market Exclusive.
Investing.com - The Turkish lira stabilized while the U.S. dollar slipped on Tuesday as Turkey’s central bank promised to save the country’s financial crisis.
Investing.com - The U.S. dollar slipped on Friday after rising overnight to near a 13-month high, while the Russian Ruble fell on news that Washington is planning to impose fresh sanctions on Moscow.
MoviePass, Now a Picocap, Understands that $10 a Month for Unlimited Movies Doesn’t Work Now that the stock has already dropped asymptotically closer and closer to zero with a market cap of only $113,737, MoviePass parent company Helios and Matheson (NASDAQ:HMNY) has finally come to the conclusion that letting people watch as many movies as […] The post Market Morning: Uber Grounded in NYC, MoviePass Sees The Light, Lira Crash Continues appeared first on Market Exclusive.
Double-digit inflation, foreign currency debt, a surge in the cost of imports that Turkey depends upon for any goods that it delivers overseas and Erdogan’s unwillingness to allow the Turkish central bank to raise borrowing costs are a combination that paints a bleak picture and these are all before a possible meeting gone wrong in Washington.
Investing.com - The New Zealand dollar fell on Thursday after the Reserve Bank of New Zealand said it expected to keep rates at record low of 1.75% for another two years, as the outlook for the country’s economy remained weak.
Precious metals take advantage of USD’s weakness amid Sino-US trade wars but upside is limited as investors remain vary of China’s response to latest update from US on tariff for another $16 billion in Chinese goods.
Investing.com – Asian markets were mixed in afternoon trade on Wednesday. Mainland Chinese stocks underperformed their regional peers for the second day after the U.S. said it would impose 25% duties on an additional $16 billion in Chinese goods in two weeks.
Investing.com – China’s yuan strengthened for a second day after the People’s Bank of China (PBOC) reportedly urged the banks to prevent any “herd behavior” and momentum-chasing moves in the forex markets.
Investing.com - The U.S. Dollar slipped on Tuesday after advancing earlier in the day and re-approaching the one-year high of 95.44 hit on July 19.
Investing.com - The Chinese yuan was little changed on Monday as trade dispute with the U.S. continued to boil. The Chinese currencies rallied on Friday after the People’s Bank of China (PBOC) announced supportive measures.
A hawkish Federal Reserve helped drive the greenback higher on Wednesday after the central bank gave an upbeat assessment of the world’s biggest economy and stayed on course to gradually lift interest rates. The U.S. Dollar suffered a slight setback on Friday against a basket of currencies after data showed U.S. job growth slowed in July. Additionally, the greenback also slipped against the Yuan after the Chinese central bank acted to stabilize the currency by stemming speculation against it.
Investing.com – The Chinese yuan continued to slide on Friday and is now down 6% against the dollar since June. The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, was little changed at 94.99 ahead of the July jobs U.S. report due later in the day.
Investing.com – The U.S. dollar steadied on Thursday after the Federal Reserve concluded a two-day monetary policy meeting and upgraded its view on the economy. Meanwhile, the Aussie dollar weakened despite a jump in the country’s trade surplus, as escalating US-China trade war is likely hurting the AUD.
Tariffs could escalate the trade war between the two biggest economies in the world although the tariffs will not be imposed until after a period of public comment.
Investing.com – The U.S. dollar rose on Wednesday after reports that cited three people familiar with the internal deliberations revealed that the Trump administration is considering to raise its planned 10% tariffs on $200 billion in Chinese goods to 25%.
Investing.com - The Japanese yen traded slightly higher against its U.S. counterpart ahead of the highly anticipated policy decision from the Bank of Japan (BOJ) due later in the day.
With the meetings of the largest central banks and important statistics, the week ahead is able to open a period of increased volatility after a long period of a summer lull.
Investing.com – The yuan weakened on Friday as the Chinese currency looks set to record a seventh weekly drop, its longest slide since 2015. Meanwhile, the U.S. dollar also slipped on Friday.
Investing.com - The dollar dipped against a currency basket on Wednesday as investors awaited a meeting between the U.S. and the European Union amid heightened trade tensions in the global economy.
Investing.com – The Chinese Yuan dropped further on Wednesday after reaching a 13-month low on in the previous session. The International Monetary Fund (IMF) said on Tuesday that there is no evidence the Chinese authorities intervened the exchange rate of the Chinese currency.