Tag: yuan
Asian Currencies Hold Steady Amid Awaited Rate Cues; Yen Unfazed by Intervention Concerns
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Asian currencies exhibited minimal movement on Tuesday despite a slight weakening of the dollar, as traders awaited further cues on the U.S. economy and...
Short Bets on Asian Currencies Rise as Firm Dollar Dents Confidence
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Bearish sentiment toward most Asian currencies has strengthened, according to a recent Reuters poll, reflecting a growing trend since the beginning of the year....
Asian Currencies Stagnant as Dollar Holds Strong Amid Powell’s Rate Comments
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Asian currencies remained largely subdued on Wednesday, maintaining narrow trading ranges, while the dollar steadied near five-month highs following robust U.S. economic data and...
Dollar Climbs to Five-Month Peak, Exerts Pressure on Yen; Yuan Bolstered by GDP Data
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The US dollar surged to a five-month high against major counterparts on Tuesday, buoyed by stronger-than-anticipated US retail sales figures, prompting concerns of potential...
Asian Currencies Weaken as Iran-Israel Tensions Propel Dollar; Yen Hits 34-Year Lows
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In Monday's trading session, most Asian currencies experienced a decline, notably with the Japanese yen reaching new 34-year lows. This downward trend was driven...
Asia Forex Market Maintains Stability Amid Dollar’s Standstill Amid US Inflation Concerns
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In the midst of anticipation surrounding crucial U.S. inflation data and its potential ramifications on interest rates, most Asian currencies displayed minimal movement on...
China Stocks Decline on Real Estate Pressures; Hong Kong Shares Rally
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On Wednesday, China stocks experienced a downturn, primarily influenced by real estate shares, while Hong Kong shares surged, driven by tech stocks. The rating...
ICBC intends to undertake a substantial issuance of total loss-absorbing capacity bonds
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Industrial and Commercial Bank of China (ICBC) intends to undertake a substantial issuance of total loss-absorbing capacity (TLAC) bonds, aiming for approximately 40 billion...
Yen Under Pressure as US Treasury Yields Rise
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On Tuesday, the dollar exhibited tentative movements, failing to gain significant momentum from an increase in U.S. Treasury yields. However, this upward pressure on...
Asia FX Remains Subdued Ahead of US Inflation Data; USDJPY Nears 152
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Most Asian currencies showed limited movement on Tuesday, while the dollar stabilized as investors awaited key U.S. inflation data scheduled for later this week....
Is Chinese money made of paper?
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The concept of money has evolved over centuries, from shells and beads to coins and banknotes. In the modern world, most currencies are issued...
Asia FX Remains Stable, Dollar Holds Firm as Expectations for June Rate Cut Fade
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Asian currencies maintained narrow trading ranges on Monday, while the dollar stabilized following a robust nonfarm payrolls report that led traders to significantly reduce...