News
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China's yuan rebounds from 2007 lows, but slides against trading partners
Yuan slips to 19-month low against trading partnersPBOC wary of sharp yuan declinesAnalysts see limited impact of yuan weakening on tariffs SHANGHAI, April 11 (Reuters) - China's yuan bounced off a 2007 trough against a weaker dollar on Friday, but it slipped to a 19-month low against currenc...Reuters
Fri, Apr 11
SNB declines comment on Swiss franc as currency surges
ZURICH, April 11 (Reuters) - The Swiss National Bank has no comment about the Swiss franc, a spokesperson for the central bank said on Friday as the currency rose to a decade high against the dollar as waning confidence in the U.S. economy prompted investors to ditch U.S. assets.Reuters
Fri, Apr 11
FOREX-Dollar sinks to decade-low vs Swiss franc as US hit by loss of confidence
Analysts see loss of confidence in U.S. assets on Trump trade policiesEuro leaps to three-year peak, gold marks fresh all-time highYen hits multi-month high after selloff in U.S. shares, Treasuries Yuan strengthens despite escalating U.S. trade war with ChinaBy Kevin Buckland TOKYO, April 11 (Reu...Reuters
Fri, Apr 11
EUR/USD appreciates to near 1.1350 as the EU suspends tariffs on US imports
EUR/USD extends its gains for the second successive day, trading near 1.1350 during Friday’s Asian session. The Euro (EUR) strengthened after the European Union (EU) announced a 90-day pause on new 25% tariffs on the United States (US), aiming to create space for trade negotiations.Fxstreet
Fri, Apr 11
NZD/USD holds positive ground above 0.5750 amid US-China trade war worries
The NZD/USD pair holds positive ground near 0.5770 after reaching the daily high of 0.5800 during the Asian trading hours on Friday. The uptick of the pair is bolstered by broad US Dollar (USD) weakness amid persistent economic concerns due to escalating tariff tensions.
Fxstreet
Fri, Apr 11
China's yuan rebounds from 2007 lows, but slides against trading partners
Yuan slips to 19-month low against trading partnersPBOC wary of sharp yuan declinesAnalysts see limited impact of yuan weakening on tariffs SHANGHAI, April 11 (Reuters) - China's yuan bounced off a 2007 trough against a broadly weaker dollar on Friday, but it slipped to a 19-month low against...Reuters
Fri, Apr 11
India Morning Newsletter, April 11
(India Morning Newsletter will not be published on Monday, April 14, on account of the Dr. Baba Saheb Ambedkar Jayanti holiday)To access a PDF version of this newsletter, please click hereIf you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-...Reuters
Fri, Apr 11
Iron ore set for weekly loss as US-China trade war dents demand outlook
BEIJING, April 11 (Reuters) - Iron ore futures prices edged lower on Friday and were poised for a weekly loss, as escalating trade tensions between the United States and China - the world's two largest economies - clouded the outlook on demand. The most-traded September iron ore contract on Chin...Reuters
Fri, Apr 11
FOREX-Dollar slides to decade-low vs Swiss franc as US assets hit by loss of confidence
Analysts see loss of confidence in U.S. assets on Trump trade policiesEuro leaps to three-year peak, gold marks fresh all-time highYen hits multi-month high after selloff in U.S. shares, Treasuries Yuan strengthens despite escalating U.S. trade war with ChinaBy Kevin Buckland TOKYO, April 11 (Reu...Reuters
Fri, Apr 11
Aussie, NZ dollars suddenly safe as greenback becomes market whipping boy
AUD, NZD up 3% on week as US dollar slides broadlySelloff in US bonds, stocks point to loss of confidence Grim outlook for China, global growth a headwindBy Wayne Cole SYDNEY, April 11 (Reuters) - The Australian and New Zealand dollars were looking to end a wild week with sizable gains on a crumb...Reuters
Fri, Apr 11
REFILE-FOREX-Dollar slides to decade-low vs Swiss franc as US assets selloff
Analysts see loss of confidence in U.S. assets on Trump trade policiesEuro leaps to three-year peak, gold marks fresh all-time highYen hits multi-month high after selloff in U.S. shares, Treasuries Yuan strengthens despite escalating U.S. trade war with ChinaBy Kevin Buckland TOKYO, April 11 (Reu...Reuters
Fri, Apr 11
China lifts yuan midpoint guidance for first time in seven days to reflect dollar weakness
SHANGHAI, April 11 (Reuters) - China lifted on Friday its official yuan midpoint guidance fix for the first time in seven days, to reflect broad dollar weakness in global markets.Prior to the market open, the People's Bank of China (PBOC) set the rate CNY=PBOC, around which the yuan is allowed...
Reuters
Fri, Apr 11
Japan to be proactive in communicating with US on forex, its finance minister says
TOKYO, April 11 (Reuters) - Japan will proactively communicate with the United States on foreign exchange based on agreement that excessive currency volatility is negative for the economy, Finance Minister Katsunobu Kato said on Friday."We have agreed with the United States that currency rates s...Reuters
Thu, Apr 10
AUD/JPY Price Analysis: Bearish momentum continues as pair trades near 90.00 zone ahead of Asia
The AUD/JPY pair extended its downside during Thursday’s session, retreating toward the 90.00 area as bearish sentiment continues to weigh on the pair. Price action is unfolding within a range defined by 88.914 and 91.110, with sellers maintaining control as the session heads into Asia.
Fxstreet
Thu, Apr 10
CANADA FX DEBT-Canadian dollar climbs to five-month high on repatriation flows
Canadian dollar gains 0.6% against the greenbackTouches its strongest since November 25 at 1.3952Price of oil settles 3.7% lower10-year yield rises 3.8 basis pointsBy Fergal Smith TORONTO, April 10 (Reuters) - The Canadian dollar rose to a near five-month high against the greenback on Thursday as...Reuters
Thu, Apr 10
Argentina renews $5 billion swap with China in much-needed FX boost
By Kylie Madry April 10 (Reuters) - Argentina renewed a $5 billion activated swap line with China for another year, the South American nation's central bank said on Thursday, shoring up dwindling foreign reserves as even more funds from the International Monetary Fund could soon pour in.Argen...Reuters
Thu, Apr 10
