|Day's Range||7.039 - 7.039|
|52 Week Range||7.0393 - 7.0393|
The ongoing protests in Hong Kong have put more stress on the already fraught situation. All flights into and out of the city's international airport have been canceled for the day due to the peaceful protests staged because of mainland China's influence over the Hong Kong government. Meanwhile,The People's Bank of China continues to set the yuan lower, further devaluing the currency. Of course with the escalating U.S.-China trade war, investors have been watching the dollar/yuan exchange rate closely.
Trade tensions are continuing to escalate as China signals it may continue to weaken its currency. China's central bank set the yuan midpoint above seven to the American dollar for the first time in over a decade. Yahoo Finance's Julie Hyman and Adam Shapiro chat with James Camp, managing director of fixed income at Eagle Asset Management, about this move and its effect on the trade war.
Yahoo Finance’s Adam Shapiro, Julie Hyman, and Brian Cheung join Direxion Managing Director & Head of Product Dave Mazza and Invesco Senior Portfolio Manager Alessio de Longis.
After a major stock market drop yesterday, investors have seemed to come back feeling a little more optimistic today. Keith Bliss of Cuttone & Co. joins Yahoo Finance's Alexis Christoforous live from the NYSE to break down the details.
Earlier today President Donald Trump labeled China a currency manipulator. Yahoo Finance's Fed correspondent Brian Cheung, joined 'The Final Round' to discuss.
Stocks plummet as trade fears escalate. Yahoo Finance's Zack Guzman & Brian Cheung, along with NY Post Hedge Fund reporter Carleton English discuss with Milken Institute Chief Economist William Lee.
Investing.com - The dollar edged lower against other major currencies on Wednesday, with investors taking a breather as U.S. and Chinese negotiators continued their efforts to seal a preliminary trade deal.
The Fed is in danger of being sucked into a race to the bottom by trying to match Europe’s low interest rates.. It would do better to instead target a weaker dollar.
Investing.com -- The dollar was lower across the board in early trading Thursday amid a welter of often contradictory reports about the upcoming trade talks between the U.S. and China which resume later in Washington.
Moody's Investors Service cut its rating on the Government of Hong Kong to negative from stable though it kept its Aa2 issuer rating. "The change in outlook to negative reflects the rising risk that the ongoing protests reveal an erosion in the strength of Hong Kong's institutions, with lower government and policy effectiveness than Moody's had previously assessed, and undermine Hong Kong's credit fundamentals by damaging its attractiveness as a trade and financial hub," the rating agency said.
Investing.com - China’s onshore and offshore yuan pared back steep losses against the dollar on Monday, after comments by U.S. President Donald Trump eased some fears over the latest escalation in the trade war between the world’s two largest economies.
The ratcheting up of trade tensions between the world’s two largest economies means the U.S. should curry favor with its other trading partners, one analyst told Yahoo Finance.
Investing.com - The safe haven yen gained ground against the U.S. dollar on Wednesday and the yuan slid as ongoing concerns over the escalating U.S.-China trade war kept investors on tenterhooks.
The trade war between the United States and China escalated Monday, prompting a shocking downswing of over 750 points on the Dow, and forcing investors to temper their former optimism about a deal.
Top Wall Street strategists are lowering their expectations of a near-term trade deal between the U.S. and China.
U.S. stocks fell Monday to their lowest levels in 2019 — how the Federal Reserve can help consumer confidence amid an escalating trade war.
Investing.com - China’s yuan steadied on Tuesday after overnight declines, but market sentiment remained fragile a day after a steep selloff in global markets spurred by fears over the escalating U.S. - China trade war.