Forex

(Reuters) – After years of grabbing the spotlight in U.S.-China economic relations, U.S. concerns over the value of Beijing’s currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft. Some lawmakers continue to argue a weak Chinese yuan is robbing jobs from the United States. But action to force a change is unlikely and the …

SINGAPORE: The Malaysian ringgit led gains in emerging Asian currencies on Thursday, with most regional units set to see monthly rises as risk appetite improved after a relatively smooth sale of Italy’s bonds and on strong U.S. business spending. The ringgit rose as investors rushed to cover short positions, shrugging off news that central bank was set to impose tighter …

The yen continues to devalue to new lows against the US dollar. The catalyst for this week’s slump were the national economic indicators such as Japanese Final GDP, which came in at a disappointing 0.0%, underscoring the lack of growth in the Japanese economy. This week was heavy with central bank statements and rate announcements but few surprises. All major …

The yen was under pressure in Asian trading on Tuesday after pro-easing comments from the men nominated to take over as the Bank of Japan’s new leadership. Japan’s currency has been pushed down by expectations that the BoJ will adopt fresh credit easing measures to boost the world’s third-largest economy when its new leaders take up their posts in the …

All this week we’ve been on a mission for you, dear reader. We’ve been looking for the one sector or industry that’s going to drive the Australian share market higher with breakthrough earnings and profits. But maybe we’ve been looking in the wrong place. Maybe it’s a simple as Japan. Japan is not a sector, of course. It’s an island …

THE use of the yuan worldwide surged to a record high in December partly due to increased yuan deposits in Hong Kong, a report showed yesterday. The monthly indicator that tracks the globalization of the yuan, compiled by the Standard Chartered Bank, jumped 2.8 percent, the largest since August 2012, to 748 in December from November’s 728 partly due to …

Asian currencies had the best quarter in two years after global policy makers announced plans to pump money into financial markets to support growth, spurring capital flows into higher-yielding assets. The Bloomberg-JPMorgan Asia Dollar Index, which tracks the region’s most-active currencies, rose 1.8 percent since June 30 as the Federal Reserve, the European Central Bank and theBank of Japan (8301) expanded …

(Reuters) – Southeast Asian nations and Japan, South Korea and China may double the size of a facility created to help each nation fight currency volatility, the Wall Street Journal said on Monday, quoting an Association of Southeast Asian Nations official. The group is considering increasing to $240 billion the funds that could be drawn through the Chiang Mai Initiative …

China’s central government wrapped up the National Financial Work Conference which is held every five years. Not surprisingly, no significant reforms were announced as politicians are reluctant to push major reforms in the face of an uncertain global outlook and a domestic leadership change. Though the conference is meant for strategic long-term planning, the conference memo (based on Premier Wen’s …