The yuan headed for its biggest weekly gain since December 2008 as China set the currency’s daily reference rate at a record high against the dollar, allowing appreciation before the G- 20 meeting tomorrow. Taiwan’s central bank unexpectedly raised its benchmark interest rate for the first time since 2008, joining Asian policy...
Saturday, June 26, 2010
Most Asian stocks rose
Most Asian stocks rose as material companies jumped following Australian Prime Minister Kevin Rudd’s resignation over his proposed tax on mining. Japanese exporters fell on a slump in U.S. housing sales. The dollar declined to a six-week low against the pound as traders increased bets the Federal Reserve will keep interest rates...
Asian stocks fell, dragging the MSCI Asia Pacific Index to its biggest drop in two weeks
The euro declined to a one-week low against the yen on concern that European banks will incur rising loan losses from the region’s debt crisis, hampering the worldwide economic recovery. China’s yuan held this week’s gains against the dollar, even as Asian currencies dropped, on speculation that China’s central bank is allowing...
Asian stocks fell for the first time in nine days after Fitch Ratings
The Chinese yuan weakened 0.24 percent, the biggest decline since December 2008, after the central bank sought more flexibility in the currency. The yen traded near a one-week high against the euro on speculation that European banks will struggle to raise money amid the debt crisis, supporting demand for Japan’s currency as a refuge.The...
Subscribe to:
Posts (Atom)