The Chinese yuan and the Aussie dollar slid against the U.S. dollar on Friday in Asia after a private survey showed Chinese manufacturing activity contracted again. The USD/CNY pair jumped 0.6% to 6.7314 by 12:16 AM ET (05:16 GMT). The Caixin/Markit index of manufacturing fell to 48.3, its lowest since February 2016, Read more
The Chinese yuan rose on Thursday in Asia as traders digested the latest PMI data which rose slightly in January but still below the 50-mark that separates growth from contraction. The USD/CNY pair fell 0.2% to 6.6971 by 12:22 AM ET (05:22 GMT). The gain in the yuan came after the National Read more
The U.S. dollar edged down on Wednesday in Asia as investors await the Federal Reserve’s interest rate decision due later in the day. The central bank is expected to leave its key federal fund’s rate target unchanged at 2.25% to 2.5%. On Tuesday, the Conference Board, a business research group, Read more
The Japanese yen climbed on Tuesday in Asia on safe-haven appeal as investors’ risk appetite was hurt after the U.S. Justice Department announced charges against China’s Huawei Technologies Co Ltd with fraud. Acting Attorney General Matthew Whitaker confirmed during a press conference that the Justice Department is seeking the extradition of Huawei’s Read more
The dollar eased versus most of its peers on Monday as investors turned their attention to this week’s Federal Reserve policy meeting, with traders wagering policymakers will signal a pause in their tightening cycle. The Federal Open Market Committee meets between Jan 29-30, and Chairman Jerome Powell is widely expected Read more
The Japanese yen traded lower on Wednesday in Asia. Official data showed a larger-than-expected drop in December export data, while the Bank of Japan kept monetary policy unchanged as expected. The USD/JPY pair traded 0.3% higher to 109.65 by 11:39 PM ET (04:39 GMT). Data showed on Wednesday that the country’s exports and imports fell short Read more
The U.S. dollar steadied on Tuesday in Asia after the International Monetary Fund (IMF) cut its 2019 and 2020 global growth forecasts overnight. The IMF now projects a 3.5% growth rate worldwide for 2019 and 3.6% for 2020. These are 0.2 and 0.1% points below its last forecasts in October. Read more
The Chinese yuan fell on Monday in Asia after data showed China’s GDP slowed in the fourth quarter. The British pound was near flat against the U.S. dollar as British Prime Minister Theresa May is set to unveil her Plan B for Brexit in parliament later in the day ahead Read more
The U.S. dollar was little changed on Friday in Asia after trading slightly higher earlier in the day amid optimism of progress in Sino-U.S. trade talks. The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 95.732 by 12:01 AM ET (05:01 GMT), up 0.02%. Read more
The British pound was little changed on Thursday in Asia after UK Prime Minister Theresa May’s government survived a vote of no-confidence. The news followed the hefty defeat of the prime minister’s withdrawal deal in the U.K. parliament on Wednesday. The GBP/USD pair last traded at 1.2867, down 0.08% by 11:51 PM Read more
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