Currency markets

August 09, 2019 - 2:43 pm
WASHINGTON (AP) — The International Monetary Fund sees little evidence that China's central bank has deliberately reduced the value of the nation's currency — a position at odds with the Trump administration's decision this week to accuse Beijing of manipulating the yuan. The IMF said Friday in its...
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A woman walks past an electronic stock board showing the conversion rates of international currencies to Japanese yen at a securities firm in Tokyo Friday, Aug. 9, 2019. Asian shares rose Friday as investors bought back stocks following gains on Wall Street, although worries about a trade dispute between the U.S. and China remained. (AP Photo/Eugene Hoshiko)
August 09, 2019 - 12:03 am
TOKYO (AP) — Asian shares were mixed Friday as investors bought back stocks following gains on Wall Street, although worries about a trade dispute between the U.S. and China remained. Japan's benchmark Nikkei 225 added 0.4% to finish at 20,684.82. Australia's S&P/ASX 200 gained 0.3% to 6,584.80...
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Trader Gordon Charlop, left, and specialist Mario Picone work on the floor of the New York Stock Exchange, Thursday, Aug. 8, 2019. Stock prices rose Thursday as investors braced for the next development in the U.S.-Chinese trade war, which has caused volatility in world markets this week, and after Beijing reported a rise in exports, easing some concerns about its economic slowdown. (AP Photo/Richard Drew)
August 08, 2019 - 2:03 pm
Technology companies powered stocks broadly higher on Wall Street Thursday, driving the S&P 500 to its best day in more than two months and erasing its losses for the week. The rally, which pushed the Dow Jones Industrial Average up by more than 370 points, followed an early rise in bonds...
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FILE - In this July 22, 2019 photo, a for sale sign is posted in front of a home in Miami. On Thursday, Aug. 8, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Lynne Sladky, File)
August 08, 2019 - 10:04 am
WASHINGTON (AP) — U.S. long-term mortgage rates fell sharply this week, with the benchmark 30-year loan touching its lowest level since November 2016. Financial markets around the globe have been whipsawed by anxiety over the U.S.-China trade war, sending investors fleeing from stocks to the safety...
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August 08, 2019 - 1:19 am
BEIJING (AP) — China has lowered the trading range for its currency again, showing its potential for use as a trade weapon against Washington, but the exchange rate steadied following declines that alarmed financial markets. The central bank on Thursday set the starting point for the yuan's daily...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Aug. 8, 2019. Asian stocks rebounded Thursday after Wall Street eked out a gain following volatility fueled by concern fallout from the U.S.-Chinese trade war will spread. (AP Photo/Ahn Young-joon)
August 07, 2019 - 11:44 pm
BEIJING (AP) — Asian stocks rebounded Thursday after Wall Street eked out a gain following volatility fueled by concern about possible fallout from the U.S.-Chinese trade war. Market benchmarks in Shanghai, Tokyo and Hong Kong all advanced, recovering some of their losses following three days of...
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A bank employee counts U.S. dollar banknotes next to stack of 100 Chinese yuan notes at a bank outlet in Hai'an in eastern China's Jiangsu province, Tuesday, Aug. 6, 2019. China's yuan fell further Tuesday against the U.S. dollar, fueling fears about increasing global damage from Beijing's trade war with President Donald Trump. (Chinatopix via AP)
August 07, 2019 - 9:43 pm
BEIJING (AP) — Chinese imports of American goods plunged in July as a tariff war with Washington intensified. Imports of U.S. goods fell 19% from a year earlier to $10.9 billion, customs data showed Thursday, though that was an improvement over June's 31.4% fall. Exports to the United States...
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FILE - In this Aug. 6, 2019, file photo trader Jonathan Mueller works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Aug. 7. (AP Photo/Richard Drew, File)
August 07, 2019 - 8:24 am
NEW YORK (AP) — U.S. stocks fell broadly in midday trading Wednesday as central banks around the world cut interest rates and increased fears that global growth is being crimped by the U.S.-China trade war. Every major U.S. index fell and put stocks back on a course for losses after briefly...
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People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, Aug. 7, 2019. Asian shares were mostly lower Wednesday as markets calmed after China’s decision to stabilize its currency. (AP Photo/Koji Sasahara)
August 06, 2019 - 11:16 pm
TOKYO (AP) — Asian shares were mixed Wednesday as markets calmed after China's decision to stabilize its currency. Japan's benchmark Nikkei 225 lost 0.2% to 20,543.35 in afternoon trading. Australia's S&P/ASX 200 added 0.7% to 6,521.40. South Korea' Kospi slipped 0.2% to 1,914.65. Hong Kong's...
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Lashing back against Trump's latest tariff threat, China lets yuan drop to 11-year low, suspends farm purchases.;
August 06, 2019 - 8:45 pm
BEIJING (AP) — China's yuan has weakened again after signs its decline was stabilizing helped to reassure jittery financial markets. The currency edged down to 7.0488 to the U.S. dollar on Wednesday, about 0.4 percent below its level late the previous day. Financial markets tumbled after Beijing...
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