China strengthens yuan rate against US dollar
August 17, 2015
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China strengthens yuan rate against US dollar

The yuan’s drop has caused volatility in currency markets over the past few days.

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Dumping of Chinese goods will not be allowed: Commerce Minister
August 16, 2015
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Dumping of Chinese goods will not be allowed: Commerce Minister

Stating that devaluation of Chinese currency was a “very serious issue”, she said it could…

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PBoC Says Yuan Depreciation Unlikely To Persist
August 16, 2015
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PBoC Says Yuan Depreciation Unlikely To Persist

The Chinese exchange rate for the yuan fell over 1% overnight even as Peoples’ Bank…

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Yuan devaluation is not to boost export: PBOC
August 15, 2015
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Yuan devaluation is not to boost export: PBOC

On Tuesday, the PBOC cut the yuan’s reference rate against the U.S. dollar by nearly…

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Gold steadies, set to snap 7-week losing streak
August 14, 2015
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Gold steadies, set to snap 7-week losing streak

“Anytime there’s fluctuations in currencies, people still see gold as a safe-haven investment”, Michael Smith,…

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China tries to dampen fears of more big devaluations
August 14, 2015
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China tries to dampen fears of more big devaluations

The central bank aims to open up its currency market to foreign investors and extend…

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Chinese Yuan Stabilizes But Markets Potentially Volatile Amid Explosion in Tianjin
August 14, 2015
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Chinese Yuan Stabilizes But Markets Potentially Volatile Amid Explosion in Tianjin

The daily reference rate was set at 6.3975 yuan to $1.0, up from 6.4010 the…

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Gold Rising From 5-year Lows As Fed Seen Delaying Rate Hike
August 14, 2015
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Gold Rising From 5-year Lows As Fed Seen Delaying Rate Hike

Gold futures on the COMEX division of the New York Mercantile Exchange rose on a…

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China allows yuan currency to drop for third day
August 13, 2015
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Business

China allows yuan currency to drop for third day

Beijing broadly has stuck to its commitment to set the yuan’s daily reference exchange rate…

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Yuan fall fuels China-West currency war
August 13, 2015
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Business

Yuan fall fuels China-West currency war

But in a surprise announcement on Tuesday, the central bank cut its daily reference rate…

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