- Location
currency war
"-
Taiwan's Export Orders Continue Shrinking in May
Jun 23, 2016Taiwan’s overall export orders in May totaled US$33.73 billion, down 5.8 percent year on year (photo courtesy of UDN.com).Taiwan's export orders received in May totaled US$33.73 billion, down 5.8 percent year on year to represent the ...
-
Monetary War of Competitive Currency Depreciation
Sep 21, 2015The recent drop in the exchange rate between the Chinese yuan (RMB) and U.S. dollar, the so-called "black Monday" on China's stock market and successive steep fall of the primary commodity market allowed much of the world to accuse China of ...
Tags: stock market, RMB depreciation
-
China Devalues Yuan in Surprise Move
Aug 12, 2015China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
-
Europen Dramatic Monetary Policies Likely to Create Hot Money Inflow Into China
Mar 3, 2015Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon. Hot money is speculative money that flows ...
-
China Is Unlikely to "Purposely Weaken" Its Currency
Feb 10, 2015China is unlikely to "purposely weaken" its currency, the yuan, or renminbi (RMB), as it would go against the authorities' commitment to economic rebalancing and structural reforms, HSBC said on Monday. Even dismissing the economic ...
Tags: weaken currency, RMB
-
Rattled Investors Are on High Alert After The Stockmarket Suffered Its Worst Week
May 28, 2013RATTLED investors are on high alert after the stockmarket suffered its worst week in a year and the Australian dollar slid to a 12-month low on fresh concerns about the slowing pace of global economic growth. Capping a wild week for ...
Tags: Sharemarket, Horror Week, Alert
-
Australian Dollar Under Pressure as Banks Slash Forecasts
May 28, 2013The Australian dollar remains under pressure as banks slash forecasts and traders increasingly spruik shorting the currency. After a host of investment banks yesterday lowered their predictions for the dollar, HSBC today cut its year-end ...
Tags: Australian, Dollar, Service
-
Stockmarket Was Awash with Fresh Optimism as Greenback-Dominated Stocks Surge
May 14, 2013The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...
-
Dollar Is More Than Half a US Cent Lower
Feb 19, 2013The dollar is more than half a US cent lower after a meeting of G20 finance ministers helped fuel a continued sell-off in the yen. At 5pm AEDT, the currency was trading at $US1.0295, down from $US1.0364 on Friday. OzForex head of ...
Tags: Dollar, US cent, currency war