BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at 7.7409 to the dollar, according to the China Foreign Exchange Trading System.
The rate, published on the official Chinamoney website (www.chinamoney.com.cn), compares with the midpoint of 7.7471 set on the previous trading day.
The People’s Bank of China (PBoC) started setting a […]
LONDON (AFX) - The dollar rebounded as the sell-off on the world’s stock markets eased, but currency watchers said this rally may proved short-lived if the Dow Jones index underperforms this afternoon and US GDP data comes in lower than anticipated.
The 400 point plus fall in the Dow Jones index yesterday — the biggest […]
The yen gave back some of its gains on Wednesday following a huge jump on Tuesday sparked by a rout in global equity markets.The yen leapt 2 per cent against the dollar on Tuesday – its biggest one-day gain in more than a year.
Some analysts said the yen benefited as a rise in risk aversion […]
The euro rose on Tuesday against the U.S. dollar, reaching a two-month high, after Alan Greenspan warned that the United States could be in a recession later this year.
Speaking in Hong Kong on Monday night, Greenspan, the former U.S. Federal Reserve chairman, warned that the American economy could slip into a recession by the end […]
2/28/2007 1:40:50 PM While the euro rose against the dollar on Wednesday, the currency saw choppy movement against its British and Japanese counterparts. The euro traded as the Euro-Zone released its Jobless Rate figures.
The euro rose against the dollar in trading on Wednesday. The advance took the currency to a mark of 1.3222 in the […]
Feb. 28 (Bloomberg) — Procter & Gamble Co., the largest U.S. maker of consumer products, postponed the euro portion of its proposed $4 billion bond sale, becoming one of the first casualties of yesterday’s worldwide selloff in stocks and debt.
The company had planned to issue at least $2 billion in bonds denominated in the European […]
Feb. 27 (Bloomberg) — Sales of previously owned homes in the U.S. rose more than forecast in January to a seven-month high as lower prices and warm weather brought out more buyers.
Purchases increased 3 percent last month to an annual rate of 6.46 million, up from a 6.27 million December rate that was higher than […]
BEIJING (XFN-ASIA) - The yuan finished at a record level of 7.7415 to the dollar on the over-the-counter (OTC) market, against 7.7535 on Monday.
On the exchange-traded market, the yuan ended at 7.7420, up from 7.7570 yesterday, said a Shanghai-based trader with domestic bank.
The currency traded between 7.7494-7.7412 in the OTC market, and 7.7470-7.7420 in […]
Feb. 27 (Bloomberg) — Emerging-market bonds and currencies fell as a tumble in Chinese stocks curbed investor demand for riskier assets.
The average spread for emerging-market bonds over U.S. Treasuries rose to the highest since Jan. 9 after China’s main stock market index sank 9.2 percent, the biggest drop in a decade. Brazil’s real, Turkey’s lira […]
2/27/2007 11:08:33 AM The yen climbed against the dollar during Tuesday morning in New York. This continued a move that began at the beginning of last week. The rise led up to the release of the U.S. economic data. Around 9:00 am ET, the yen touched 118.74, its highest level against the dollar since the […]
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