Posts Tagged
Yuan
Asian Stocks Rally Amid Revival of Risk as Chinese Assets Swing
©2016 Bloomberg News O0M3BI6JTSEA (Bloomberg) — Asian stocksled a rally in riskier assets, climbing with U.S. index futures, oil and high-yielding currencies as China refrained from further cuts to the yuan’s reference rate and scrapped a system of market circuit breakers, providing some reassurance to investors. Shares in Hong Kong
Dollar Dials Back as Yuan Crimps Rate Bets; Japan Stocks Retreat
©2015 Bloomberg News NSZW976KLVR7 (Bloomberg) — The dollar remained on the back foot, sliding versus Korea’s won as investors cut bets on higher U.S. interest rates after China’s shock devaluation. The yuan rose in offshore trading, while Japanese stocks extended losses. The greenback traded near its weakest level this month