The dollar touched its highest in three weeks versus the slumping euro on Monday, supported by mounting concerns that Europe’s sovereign debt crisis has reached a dangerous new stage. Speculation that Greece may be preparing its exit from the euro monetary union was quickly dismissed by officials in Athens, but the default worries led S&P
Monday, the People’s Bank of China has set the central parity rate for the yuan at a fresh record high of 6.4988 per dollar ahead of this week’s US-China Strategic and Economic Dialogue in Washington. The yuan’s parity rate was fixed at 6.5003 per dollar on Friday. The Chinese central bank sets the central parity
The U.S. dollar showed mixed performance ahead of the New York session on Wednesday, paring its Asian session gains against the European majors while holding some ground against the yen as the recent run of risk-sentiment faded on renewed fears over more monetary tightening in China and fears of a revenge attack by Al Qaeda
The US dollar reversed its Asian session uptrend against its major rivals ahead of the Wall Street open on Monday morning as risk appetite seems to be re-emerging ahead of Friday’s pivotal job data. The U.S. dollar was firmer in the Asian session as the market hailed the news of Al Qaeda leader Osama bin
In Asian deals on Friday, the Chinese yuan broke its psychologically important level of 6.50 against the dollar for the first time since 1993 on speculation the central bank will continue to let the yuan strengthen more as a way of battling inflation. The consumer price inflation in China continued to hover above the government’s
