Tag: China

China’s yuan drop rattles markets

That era appears to be over.

Dollar falls as China move seen delaying Fed rate hike

August 12, 2015

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Dollar falls as China move seen delaying Fed rate hike

The United States on Tuesday warned China that any wavering in its commitment to a…

Vietnam doubles currency trading band after China devalues yuan

August 12, 2015

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Vietnam doubles currency trading band after China devalues yuan

But the Chinese government normally keeps its currency’s value pegged to the U.S. dollar, so…

Vietnam doubles currency band after China devaluation

August 12, 2015

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Vietnam doubles currency band after China devaluation

In the first reaction from the Obama administration to the People’s Bank of China’s almost…

China cuts yuan rate against US dollar for second day

August 12, 2015

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China cuts yuan rate against US dollar for second day

The currency fared worse in global trade, touching 6.59. The yuan is linked to the…

Abe vows nuclear free Japan on Nagasaki anniversary

August 12, 2015

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Abe vows nuclear free Japan on Nagasaki anniversary

Per Japan’s Ministry of Foreign Affairs, those three principles are, “not possessing, not producing and…

China’s currency reforms are a good thing

August 12, 2015

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China’s currency reforms are a good thing

The central parity rate of the Chinese currency renminbi (yuan), weakened by 1,008 basis points…

August 12, 2015

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Gold up on weaker dollar

Gold has been in a persistent decline since late 2011, which is when investors last…

Kerry: Rejecting the Iran deal could hurt the dollar

August 12, 2015

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Kerry: Rejecting the Iran deal could hurt the dollar

The U.S. dollar’s status as the global reserve currency could be in jeopardy if Congress…

August 12, 2015

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Australian dollar hit by yuan shock

Tuesday’s move will mean the yuan will more fully reflect market fluctuations, Chinese officials say.…