FXMM - Asia

Offshore yuan wallows near record low as Sino-US tensions worsen

Offshore yuan wallows near record low as Sino-US tensions worsen

The offshore yuan rebounded to 7.1845 per dollar as of midday, up from a record low of 7.1966 hit overnight. Sino-US trade tensions have...

Dollar stands its ground as Hong Kong tensions weigh

Dollar stands its ground as Hong Kong tensions weigh

The yuan, a barometer of US-China relations, hit a record low of 7.1966 per dollar in offshore trade on Wednesday and held close to...

Turkmenistan to introduce 100pc mandatory forex sales

Turkmenistan to introduce 100pc mandatory forex sales

The further tightening of foreign exchange controls could indicate a worsening of hard-currency shortages in the tightly controlled and isolated country, whose main source...

Chinese yuan falls on US tariff threat, Australian dollar sinks

Chinese yuan falls on US tariff threat, Australian dollar sinks

Yuan set for biggest daily drop since March 25 Euro relatively stable, sterling gives back gains LONDON: The Chinese yuan fell to a one-month low...

Dollar falls after Fed bolster lending and coronavirus fears ease

Dollar falls after Fed bolster lending and coronavirus fears ease

New York, the US state most afflicted by the coronavirus, offered fresh evidence that the arc of the disease caused by the virus was...

China says will keep yuan stable, increase flexibility

China says will keep yuan stable, increase flexibility

 China will also increase the flexibility of the yuan and keep the currency basically stable, it said. BEIJING: China will push forward yuan internationalisation and...

Yuan strengthens as traders profit from dollar woes

Yuan strengthens as traders profit from dollar woes

The onshore yuan finished domestic trading 0.19pc stronger at 7.0960 per US dollar, after flatlining earlier in the session. The offshore yuan rose as...

Yuan eases to 2-week low on weaker midpoint fixing, virus concerns

Yuan eases to 2-week low on weaker midpoint fixing, virus concerns

The yuan was changing hands at 7.0044, 64 pips weaker than the previous late session close. The dollar stood tall over the languishing euro...

Yen slips as infection rate slows, Chinese stimulus eyed

Yen slips as infection rate slows, Chinese stimulus eyed

China posted the lowest daily rise in new infections since Jan. 29, seen by some investors as an indication containment efforts were working. China's...

EM ASIA FX-Most Asian currencies slip against stronger dollar; weaker yuan fix weighs

EM ASIA FX-Most Asian currencies slip against stronger dollar; weaker yuan fix weighs

The People's Bank of China set the midpoint rate at 7.0012 per dollar, 186 pips or 0.27pc weaker than the previous fix of 6.9826. ...

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