Tag Archives: yuan

Argentina has made a $2.7 billion payment on its debt to the International Monetary Fund in June, with $1 billion coming from its stockpile of Chinese yuan and the rest consisting of IMF special-drawing rights. This unprecedented step underscores the dire situation of the Argentine economy and the increasing relevance …

The US Dollar Index has rebounded slightly after a two-day slide despite disappointing US data. The inflation component of the PMI survey, the Price Paid sub-index, edged lower to 69.5 from 65.6 in February. The Employment sub-index fell to 51.3 from 54. Economic activity in the US services sector expanded …

The dollar fell today, Monday, as the US authorities intervened to curb the repercussions of the sudden collapse of the Silicon Valley Bank (SVB), as investors hoped that the Federal Reserve would follow a less hawkish monetary path. The US government announced a number of measures and said that all …

The dollar held steady on Thursday near a three-month high, supported by the message from Federal Reserve Chairman Jerome Powell about the need for more interest rate hikes and possibly a faster pace. On the second day of congressional testimony on Wednesday, Powell reiterated his message, but noted that the …

On the first day of his hearing before the United States Congress, Federal Reserve Chair Jerome Powell led towards a higher terminal rate than previously predicted, sending the US dollar to three-month highs. The US Dollar Index, which monitors the dollar against a basket of six other currencies, was 0.1% …

The dollar fell broadly on Monday as investors await Federal Reserve Chairman Jerome Powell’s congressional testimony as well as the February jobs report, which will be released at the end of the week and is likely to influence the central bank’s interest rate decision. The dollar index, which measures the …

The dollar fell from the highest level in two and a half months against the yen on Friday, and headed towards recording its first weekly loss since January against other major currencies, as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, which is particularly …

The euro fell against the dollar on Thursday, after data showed that inflation in the euro zone is not as high as investors feared, after readings published by countries in the region during the past days. Eurozone inflation fell to 8.5 percent in February from 8.6 percent a month earlier …

On Wednesday, the Chinese manufacturing sector expanded at its quickest rate in a decade, which led to a decline in the US dollar and a rise in the Chinese yuan. The euro increased after German inflation statistics jumped last month, which increased expectations for rate hikes in the euro zone.The …

The dollar fell last week, as commodity bulls took some breathing; However, this decline was short-lived, as the dollar jumped again to its highest level in 20 years. The dollar’s rise to a high of 112 from a one-week low came, moving back towards levels not seen since May 2002, …