Posted by Reuters: Business News on June 23, 2010
SHANGHAI (Reuters) – China’s yuan inched higher on Wednesday, settling down after the biggest swings since 2005 and driving home the message that Beijing’s promise of currency flexibility will not produce the rapid gains its trading partners would like.
Posted by Reuters: Business News on June 22, 2010
NEW YORK (Reuters) – Stock index futures dipped on Tuesday as investors reassessed a vow by China for more flexibility on its currency and turned cautious ahead of data expected to show a slight rise in U.S. home sales.
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SHANGHAI (Reuters) – China pulled back the veil on its new currency regime a little further on Tuesday, appearing to engineer a fall in the yuan to make clear its vow of flexibility did not include one-way bets for appreciation.
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HONG KONG (Reuters) – Asian stocks and commodities retreated on Tuesday as wary investors took profits from a rally ignited by China’s weekend decision to give its currency more flexibility.
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SYDNEY (Reuters) – China’s yuan jumped on Tuesday to its highest level since the currency was revalued in 2005 as the central bank signaled it would tolerate yet further gains to make good on its vow for more foreign exchange flexibility.
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HONG KONG (Reuters) – Asian stocks retreated on Tuesday as investors booked profits a day after China’s weekend decision to give its currency more flexibility triggered a risk rally.
Posted by Reuters: Business News on June 21, 2010
SYDNEY (Reuters) – Asian markets waited with bated breath Tuesday to see how far Beijing would go in allowing its currency to strengthen, a litmus test of just how flexible the Chinese authorities are prepared to be to meet U.S. demands.
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SHANGHAI (Reuters) – China’s yuan surged on Monday the most since its revaluation in 2005, sending a clear signal ahead of this weekend’s G20 summit that Beijing is sticking to its word of allowing greater currency flexibility.
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SHANGHAI (Reuters) – China’s yuan bolted to a 21-month high on Monday, suggesting authorities are unshackling the currency from its de facto 23-month-old peg to the dollar after vowing greater flexibility at the weekend.
Posted by Reuters: Business News on June 20, 2010
BEIJING (Reuters) – China will keep the yuan’s exchange rate at a basically stable level, the central bank said on Sunday, suggesting that the country’s new currency regime will look a lot like the old one.
