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Stocks got a bump on Thursday with positive trade data coming out of China with more stabilization of its yuan currency. Eunice Yoon reports from Beijing.
President Donald Trump made his support of a weak dollar official, saying Thursday he is disappointed in the strong currency and is blaming the Federal Reserve.
How does the U.S. dollar affect U.S. companies, the markets and even multinationals with overseas trading and why is it so important? Sue Herera and Seema Mody breaks it all down for us.
Since having its currency hit the lowest level against the U.S. dollar in a decade, China has now stabilized its yuan. Eunice Yoon has more for us from Beijing.
China’s central bank has firmly rejected the U.S. Treasury’s designation of Beijing as a currency manipulator, saying the accusation has “seriously” undermined the international financial order and risked further market turmoil.
President Donald Trump accused China on Monday of manipulating its currency as the trade war between the world’s largest economies keeps escalating.
The Chinese yuan crossed a closely watched barrier against the dollar on Monday following another escalation in the trade war between Beijing and Washington.
China has allowed its yuan to break through 7 against the dollar for the first time since 2008, but it insisted the move is not “competitive devaluation.”
Sterling fell sharply against the dollar on Tuesday after Britain’s Attorney General Geoffrey Cox published his opinion on Prime Minister Theresa May’s recently amended Brexit deal.
The Turkish lira retraced some losses after touching a new record low in Asia’s Monday trade following a recent geopolitics-triggered free fall in the currency. On Monday, the lira last traded around 6.90 against the greenback. It had earlier dropped to a fresh all-time low of 7.24, before paring some losses after moves were taken …
Treasury Secretary Steven Mnuchin tells CNBC his lack of concern about the dollar’s value is limited to the near term.
Steve Liesman reports the dollar was whipsawed on comments by U.S. officials.
The U.S. Embassy in Ankara said it would suspend non-immigrant visa services, in a move Turkey’s D.C. embassy quickly matched.
Mobile pay adoption was by far the biggest change in mainland China since my last visit four years ago.
China’s clampdown on cryptocurrencies has reportedly taken a new direction – to close down local bitcoin exchanges.