China's yuan strengthened against the dollar on Friday and is set for its first weekly gain in three weeks, tracking broad weakness in the greenback and a much firmer midpoint fixing.
However, markets have turned their attention to the possibility of more easing measures from Beijing, such as the lowering of deposit rates for the first time in nearly five years to prop up the economy.
Onshore yuan opened at 7.0606 per dollar and was changing hands at 7.0573 at midday, 127 pips stronger than the previous late session close. Currently yuan is trading at 7.0663 per dollar.
14 Jul 2020 09:16 AM
The dollar was marginally higher in narrow ranges against most currencies on Tuesday
14 Jul 2020 08:47 AM
The Indian rupee is expected to drop against the dollar tracking losses in regional equities
13 Jul 2020 04:57 PM
Indian shares ended higher on Monday, led by a rally in Reliance Industries, ahead of June's inflation data which investors bet would lead to further interest rate cuts by the central bank.
13 Jul 2020 02:43 PM
The Indian rupee was little changed against the greenback, amid focus on decline in the dollar index
13 Jul 2020 11:45 AM
Indian shares climbed on Monday, as investors bet June inflation data later in the day would lead to further interest rate cuts by the country's central bank, while Reliance Industries gained for a third session.
13 Jul 2020 11:15 AM
The yuan hovered around the key 7 per dollar threshold on Monday, ahead of economic data this week