China’s state banks seen selling dollars for yuan in London and New York hours
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing...
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EU members’ China cuddling weakens Brussels’ hand
European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS,...
Wall Street stocks down after Fed minutes, bank shares extend losses
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023....
Exclusive: Bridgewater’s flagship fund was bearish on US stocks as rally fizzled
Bridgewater's Pure Alpha most bearish on developed market bondsAlso bearish about the U.S. dollar, metals and stocksEuro, Singapore dollar were...
UK inflation set sterling for biggest one-day rally in three-weeks
Woman holds British Pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Aug 16...
Yield gap between China and US widens to highest since 2007 after surprise rate cut
A staff member wearing a face mask walks past United States and Chinese flags set up before a meeting between...
Wall St ends lower; strong retail sales stoke interest rate worries
July retail sales rise more than expectedNvidia gains as UBS, Wells Fargo raise PTU.S. big banks fall as a report...
Yellen’s Las Vegas stop shows Bidenomics can be a tough sell
LAS VEGAS, Aug 15 (Reuters) - Daemein Hargrove, 21, recently dropped plans for a four-year college degree to sign up...
Dollar falls after stronger-than-expected retail sales data, yuan falls to 9-month low
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/IllustrationWASHINGTON/LONDON, Aug 15 (Reuters) - The dollar index was lower after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China's central bank unexpectedly cut key policy rates.U.S. retail sales jumped 0.7% last month, the Commerce Department said, demonstrating that demand has remained resilient despite the Federal Reserve's aggressive interest rate hikes to tame inflation, thanks to strong wage gains from...
Russian central bank jacks up rates to 12% to support battered rouble
Russian central bank hikes rates by 350 bp to 12%Bank holds extraordinary meeting after Kremlin rebukeRouble had plunged past 100...
