Currency News: China Unexpectedly Devalues Yuan
China’s central bank, the People’s Bank of China (PBOC), unexpectedly decided to devalue its currency by 1.9% against the US dollar.
Currency News: Should We Bet on USD:EUR Parity?
While many traders are betting on the USD:EUR parity, some new developments could reverse the current trend.
Currency News: Swiss Franc Shock Hits Central Bank for $50B
The Swiss National Bank (SNB) revealed on Friday that abandoning its currency cap on the euro in January cost the central bank 50.1 billion Swiss francs ($52 billion) in the first half of the year.
Currency News: Asia Pacific Currencies Fall
Several currencies in the Asia Pacific region hit multiyear lows on Friday as Beijing sent signals that could slow growth in the region.
Currency News: Dollar Stronger On Yellen’s Testimony
After Federal Reserve Chair Janet Yellen gave testimony to congress, the greenback advanced 3% against the euro from a week earlier, the biggest gain in eight weeks.
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