Yuan drops most since 2008 since central bank lowers fixing

Note: This section contains information in English only.
Source: Bloomberg
© RS
The Yuan fell the most since 2008 as the central bank cut the currency's base rate by 0.18%. As China Foreign Exchange Trade system prices presented, the currency slid 0.50% to 6.2275 against the Dollar in Shanghai, which was the biggest loss since December 1, 2008, and touched 6,2334 previously, the weakest level since February 25, 2013, after which lost 1.47% in five days.
Back to articles

Actual Topics

Fri, 21 Mar 2014 07:23:15 GMT

Asian stocks gain after falling yesterday

The majority of Asian shares increased on Friday rebounding after a notable decline yesterday amid raising concerns that the U.S. Federal Reserve may increase its benchmark interest rates as soon as in 2015, which is sooner than experts expected. The MSCI Asia-Pacific gauge outside Japan gained as much as 0.5%, while the Australian index inched higher 0.7%.

Thu, 20 Mar 2014 12:52:25 GMT

Kiwi weakens in majors on Fed policy outlook

The New Zealand Dollar weakened against its 10 major counterparts since investors weigh whether the U.S. economy will be able to withstand tightening of the Fed monetary policy. New Zealand's currency dropped 0.3% to 85.35 U.S. cents as of 6:40 p.m. Sydney time after the 0.7% lost yesterday, the lowest level since February 18 and the Aussie fell 0.2% to 90.27

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.