Currency News: Dollar Weakens Against Yen
The U.S. dollar was weakened against the yen this week, as the greenback traded off at 119.6 yen on Monday, which was a 0.6% decrease from Friday.
Currency News: China’s Foreign-exchange Reserves Keep Falling
China’s foreign-exchange reserves fell by a record last month. The reason behind it is that the central bank sold dollars to support the yuan after the biggest devaluation in the last 2 decades spurred bets on continued weakness.
Currency News: Euro Falls Against Dollar After Its Peak On Monday
The volatility of the currency market was high during the week, especially for the euro/dollars parity. On Monday, Euro hit its highest annual level against the dollar over 1.17$ but went back to its standard on Friday with a 1.12$ value
Currency News: Why This it is Not a Currency War
When People’s Bank of China devaluated the Yuan by more than 3 percent, the common feelings around global markets was that a currency war had just started.
Currency News: China’s Devaluated Yuan Update
According to Ma Jun, chief economist at China’s central bank, the yuan will probably move in both directions in the future following last week’s devaluation as the economy stabilises.
Seeking Alpha Certified
