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Asian Shares Reach Six-Month High As Dollar Steadies
Chinese markets started the day 0.1% higher while the Hang Seng index in Hong Kong increased by 0.6% Chinese markets started the day 0.1% higher while the Hang Seng index in Hong Kong increased by 0.6% -
China Reopening Lifts Yuan As Asia Shares Rise On Fed Rate Wagers
Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy -
Turkish Lira Drops To Record Low Following Threats To Kick Out Foreign Ambassadors
The Turkish lira dropped to an all-time low of 9.75 against the U.S. dollar following Erdogan's order to expel foreign ambassadors from the country. The Turkish lira dropped to an all-time low of 9.75 against the U.S. dollar following Erdogan's order to expel foreign ambassadors from the country. -
Hong Kong Bank Deposits Surge By $50 Billion Amid Secondary Listing Trend
Deposits in the city are expected to surge further in the coming months amid the wave of newly confirmed IPOs and secondary listings. Deposits in the city are expected to surge further in the coming months amid the wave of newly confirmed IPOs and secondary listings. -
Share Markets In Asia Like The News From U.S. Factories, Fed
Eurozone manufacturing grew last month, too, but managers remain wary about spending and hiring. Eurozone manufacturing grew last month, too, but managers remain wary about spending and hiring. -
Depreciation Continues To Hurt Turkey's Currency
The lira opened at a new low of 7.3438 against the U.S. dollar Friday after falling as much as 3.2 percent to 7.2775 Thursday. The lira opened at a new low of 7.3438 against the U.S. dollar Friday after falling as much as 3.2 percent to 7.2775 Thursday. -
Former Chinese Diplomat Urges Country To Cut Ties With US Dollar
Zhou Li is calling on officials to prepare plans to cut the country's currency from US dollar systems in case of a full-blown financial war. Zhou Li is calling on officials to prepare plans to cut the country's currency from US dollar systems in case of a full-blown financial war. -
Chinese Yuan Exceeds 7 Per Dollar Amid Hopes For Trade Deal
China’s yuan strode past 7 per U.S. dollar on Tuesday as investors and markets lauded developments in “phase one” of the China-U.S. trade deal. China’s yuan strode past 7 per U.S. dollar on Tuesday as investors and markets lauded developments in “phase one” of the China-U.S. trade deal. -
Report: ‘Powerful Countries’ Shunning U.S. Dollar Use
A group of “very powerful countries” are reportedly moving to de-dollarize, posing a threat to the U.S. dollar’s currency dominance. A group of “very powerful countries” are reportedly moving to de-dollarize, posing a threat to the U.S. dollar’s currency dominance. -
Chinese Yuan Strengthens Amid Reports Of Interim US-China Trade Deal
The Chinese Yuan surged to 7.1252 against the dollar on Thursday following reports of a potential interim trade deal between China and the United States. The Chinese Yuan surged to 7.1252 against the dollar on Thursday following reports of a potential interim trade deal between China and the United States.