The Chinese yuan inched down against the U.S. Dollar on Tuesday in Asia. The USD/CNY pair was up 0.1% to 7.0630. On Tuesday, the People's Bank of China lowered its official yuan midpoint for the ninth straight day to 7.0326 per dollar. The yuan has become a focal point since last week when Beijing allowed the currency to fall below 7 per dollar, prompting Washington to officially label Beijing as a currency manipulator, and further escalated the ongoing trade war between the two sides.All eyes will be on Chinese figures on July retail sales and industrial output due Wednesday to gauge the impact on domestic activity of the long-running tussle with the U.S. Political unrest in Hong Kong that saw the city’s airport halting operations and Sino-U.S. trade concerns sent Asian stocks lower today.
09 Dec 2019 04:02 PM
Indian shares ended higher on Monday, as gains in auto and metal stocks offset losses in information technology and consumer sectors. The NSE Nifty 50 index ended 0.13% higher at 11,936.95 and the S&P BSE Sensex closed up 0.1% at 40,487.43.
09 Dec 2019 02:56 PM
European stocks fell on Monday as worries about a Chinese economic slowdown and the U.S.-China trade war outweighed Friday's strong U.S. jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on
09 Dec 2019 02:10 PM
Sterling hit a seven-month high against the dollar and a 2-1/2 year peak versus the euro on Monday after fresh polls showed British Prime Minister Boris Johnson's Conservative Party has extended its lead in opinion polls before Thursday's election. T
09 Dec 2019 11:53 AM
Indian shares inched higher on Monday as broader Asian equities rose on optimism from the strong U.S. data, although gains were capped by concerns about China's economic slowdown. The NSE Nifty 50 index rose 0.1% to 11,37.65 and the S&P BSE Sensex ed
09 Dec 2019 11:25 AM
China's yuan held familiar ranges on Monday morning, as investor caution about developments in the Sino-U.S. trade dispute and other global risks kept market volumes thin. A slew of events this week, including the Dec. 15 deadline for U.S. tariffs on
09 Dec 2019 11:04 AM
Investors await U.S. Fed meeting starting on Tuesday, China's November imports rose, SPDR Gold holdings fell 0.3% on Friday; lowest since Sept. Gold was steady on Monday as investors await cues from the U.S. Federal Reserve on interest rates later th