|Day's Range||6.867 - 6.88|
|52 Week Range||6.8669 - 6.8799|
Americans should be prepared for President Trump’s tariffs on Chinese goods to become permanent and to disengage from China completely, writes Peter Morici.
It’s all about China’s currency and what many investors and economists have dubbed a “line in the sand” or a “magic number” at seven yuan-per-dollar.
Downside for U.S. corporate earnings from China, Mexico trade war should be minimal, writes Mark Hulbert.
A popular gauge of the U.S. dollar on Wednesday hangs near its highest level in about three weeks, with investors awaiting an account of the Federal Open Market Committee’s most recent policy gathering, which holds the potential for a fresh catalyst for bucks.
The Turkish lira on Tuesday was retreating against the U.S. dollar as the government told local banks to slow process currency purchases, a fresh attempt to tamp down speculative bets on lira, according to reports.
Investing.com -- The British pound was hovering just above a four-month low early Friday in Europe, as fears about Brexit returned to haunt the currency after a month of relative calm.
The Chinese yuan trade lower on Wednesday after a round of weaker-than-expected economic data out the world’s second-largest economy.
The Chinese yuan on Monday tumbled to its lowest level since Christmas Day 2018 as the fallout from the trade spat between the U.S. and China continues.
The Chinese yuan tumbled more than 1.1% on Monday, on track to log its biggest daily loss versus the greenback in nearly four years, after trade relations between the U.S. and China hit another stumbling block.
The U.S. dollar was mostly unchanged to begin Friday, hours after the U.S. officially increased tariffs on $200 billion worth of Chinese goods.
The Chinese yuan slumps to its lowest level since early 2019 after President Donald Trump accuses China of breaking the trade deal, escalating the conflict between the two countries.
Major currencies perceived as safe plays during economic and political uncertainty strengthen Wednesday as global equity markets face consistent pressure.
Amidst heightened geopolitical uncertainty, it might be surprising to hear that investors are bullish one of the most volatility-sensitive assets: emerging market currencies.
The Chinese yuan fell to its lowest level against the dollar since early January on Monday after U.S.-China trade tensions escalated over the weekend, heightening fears of a full-blown trade war.