In a sop to western policymakers, China recently announced that it would widen the Chinese Yuans daily trading band, from .3% to .5%. In theory, this means the Yuan will now be permitted to fluctuate by up to .5% per day against the USD. In practice, however, the Yuans daily rate of appreciation probably wont […]
The Yen is rising once again, as another set of investors unwind their carry trade positions.No, it wasnt the threat of higher borrowing costs, via a hike in Japanese interest rates, that spooked investors.Rather, it was general volatility in forex markets that jolted investors to re-assess their short positions in the Yen.Volatility is anathema to […]
BEIJING (XFN-ASIA) - China’s central bank said it will promote gradual reform of the yuan in 2007, while aiming to keep the currency “basically stable.”
In a statement ahead of a speech to be delivered by central bank governor Zhou Xiaochuan, the bank said it will also study the use of over-the-counter yuan derivatives.
In 2005, China […]
In a sop to western policymakers, China recently announced that it would widen the Chinese Yuans daily trading band, from .3% to .5%. In theory, this means the Yuan will now be permitted to fluctuate by up to .5% per day against the USD. In practice, however, the Yuans daily rate of appreciation probably wont […]
Action Insight | Written by ActionForex.com | May 21 07 07:37 GMT |
Forex Daily Technical Report EUR/JPY at Record High But Momentum Unconvincing
Japanese yen edges to a new record low of 163.92 and weakens mildly against dollar as the week starts. Markets shrugged off the triple move by PBoC last Friday, with Shanghai […]
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