Currency News: China’s Yuan Experiences Biggest Fall in 5 Months
Economists are watching closely to see how China will address the devaluation of the country’s currency as any action taken could have global repercussions.
Currency News: Big bet, short Yuan!
Despite reassuring messages from Chinas Central Bank, some Hedge funds are making big bets against the currency of the country, which is suffering a slowdown in its economy and capital outflows.
Currency news: A Week for US Dollar Recovery
The yuan passed a quiet week keeping its value. US dollar won against a portfolio of currencies.
Currency News: Yuan Stabilizes For Third Straight Day
The yuan stabilized by coming in at 6.5628 per US dollar on Tuesday, marking the third straight day that the Chinese currency didn’t depreciate. This news gave the world and particularly Asian stock a huge sigh of relief.
Currency News:Ruppe Trades Lower Against USD
For a fifth straight session the Indian currency has dropped 11 paise to 66.84 against the US dollar in early trade on Tuesday, tracking weak trend in Asian currencies. The currency had closed at 66.73 against the dollar in the previous session on firm dollar demand from importers.
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