Tag: yuan
Study Shows Countries Embracing Digital Currencies, but U.S. Falls Behind
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A recent study conducted by the U.S.-based Atlantic Council think tank has revealed that 134 countries, accounting for 98% of the global economy, are...
Exploring the Safest Currencies: A Simple Guide
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In a world of fluctuating global markets and economic uncertainties, investors often seek refuge in safe-haven currencies. These currencies are perceived as stable and...
Dollar Edges Down Amid Weaker U.S. Services Growth
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The dollar slipped against a basket of currencies following data indicating a slowdown in U.S. services industry growth and ahead of a week filled...
Asia FX Sees Limited Movement, Dollar Stabilizes Ahead of Powell Testimony
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Most Asian currencies experienced minimal movement on Wednesday, while the dollar steadied after recent losses. Investors were cautious as they awaited key cues on...
Dollar Holds Steady Against Yuan Amid China’s Policy Statements
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The dollar maintained its stability against the yuan on Tuesday, reacting to policy statements from China that lacked significant stimulus measures. Meanwhile, Tokyo's inflation...
Asia FX Muted as China’s Economic Goals Underwhelm
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Most Asian currencies remained largely unchanged on Tuesday as China's economic objectives for 2024 failed to ignite market activity, while the dollar stabilized ahead...
Asian Stocks Slide on Disappointing China NPC and Hawkish Fed Comments
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Most Asian stocks faced declines on Tuesday, led by sharp losses in Hong Kong, as the commencement of China's week-long National People's Congress (NPC)...
Asia FX Remains Muted; Dollar Stabilizes Ahead of Key Events
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In Asian markets on Monday, most currencies in the region maintained a narrow range, while the U.S. dollar stabilized after facing losses in the...
Mixed China PMI Dampens Asian FX, Dollar Strengthens Despite Rate Cheer
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Asian Currency Weakness Amid China Economic Concerns Most Asian currencies weakened on Friday, while the dollar maintained overnight gains, as signs of ongoing economic weakness...
Asia FX Market Subdued Ahead of US Inflation Data; Yen Surges on BOJ Remarks
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In the Asian foreign exchange market, movements were muted on Thursday with the dollar stabilizing ahead of crucial U.S. inflation figures, while the yen...
Dollar Slips Against Yen After Japan Inflation Beats, U.S. Durable Goods Fall
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The dollar eased against the Japanese yen after data revealed that Japan's core consumer inflation exceeded forecasts, while U.S. durable goods orders fell more...
Asia FX Moves in Flat-to-Low Range; Kiwi Slides on Less Hawkish RBNZ
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Most Asian currencies traded in a flat-to-low range on Wednesday, with the dollar strengthening as markets awaited more cues on the U.S. economy and...