Currency markets

August 06, 2019 - 7:50 pm
WELLINGTON, New Zealand (AP) — New Zealand's central bank has cut its benchmark interest rate to an all-time low of 1% as it forecasts tougher economic conditions ahead. The cut of half a percentage point by the Reserve Bank was a surprise with most economists forecasting a rate cut of 0.25%. The...
Read More
Traders Gregory Rowe, left, and Daniel Kryger, center, work with specialist Mario Picone on the floor of the New York Stock Exchange, Tuesday, Aug. 6, 2019. Stock markets turned higher on Tuesday as China stabilized its currency after allowing it to depreciate against the dollar in response to President Donald Trump's decision to put more tariffs on Chinese goods. (AP Photo/Richard Drew)
August 06, 2019 - 8:54 am
NEW YORK (AP) — Stocks edged higher on Wall Street Tuesday, a day after their worst loss of the year, as China eased some of the pressure in its trade war with the U.S. by stabilizing its currency. Technology stocks led the gains in a reversal of Monday's slump, when they bore the brunt of the...
Read More
A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Aug. 6, 2019. Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing's trade war with President Donald Trump will harm the global economy. (AP Photo/Lee Jin-man)
August 06, 2019 - 12:25 am
BEIJING (AP) — Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing's trade war with President Donald Trump will harm the global economy. China's main index lost 1.5% and Australia's was down 2.3%...
Read More
FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. The U.S. Treasury Department labeled China a currency manipulator Monday, Aug. 5, after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. (AP Photo/Kin Cheung, File)
August 05, 2019 - 8:23 pm
BEIJING (AP) — China's yuan has fallen further against the U.S. dollar amid fears about mounting economic damage from Beijing's trade war with President Donald Trump. The yuan declined to 7.0562 to the dollar in early trading Tuesday, a day after Beijing allowed it to fall past the politically...
Read More
FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. The U.S. Treasury Department labeled China a currency manipulator Monday, Aug. 5, after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. (AP Photo/Kin Cheung, File)
August 05, 2019 - 3:36 pm
WASHINGTON (AP) — The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. The decision, which came hours after President Donald Trump accused...
Read More
f Specialists Paul Cosentino, left, and Jeffrey Berger work on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. U.S. stocks nosedived in early trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. (AP Photo/Richard Drew)
August 05, 2019 - 8:20 am
NEW YORK (AP) — U.S. stocks nosedived in morning trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. China let its currency, the yuan, sink to an 11-year low against the dollar and...
Read More
FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 2. (AP Photo/Richard Drew, File)
August 04, 2019 - 9:25 pm
BEIJING (AP) — Asian stock markets fell for a third day Monday after China allowed its yuan to sink to its lowest level this year following President Donald Trump's latest tariff threat. The main indexes in Tokyo and Hong Kong both fell 2.4% while Shanghai, South Korea and Australia also retreated...
Read More
FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, Aug. 5, 2019, possibly adding to trade tension with Washington. The currency weakened to 7.0177 in early trading following U.S. President Donald Trump's threat last week of tariff hikes on additional Chinese imports in a fight over Beijing's trade surplus and technology policies. (AP Photo/Kin Cheung, File)
August 04, 2019 - 8:13 pm
BEIJING (AP) — China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, possibly adding to trade tension with Washington. The currency weakened to 7.0177 in early trading following President Donald Trump's threat last week of tariff hikes on additional Chinese...
Read More
A Chinese investor uses a computer terminal as he monitors stock prices at a brokerage house in Beijing, Friday, Aug. 2, 2019. Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. (AP Photo/Mark Schiefelbein)
August 01, 2019 - 11:13 pm
BEIJING (AP) — China's yuan has fallen to its lowest level this year against the dollar following President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan fell to 6.950 to the dollar, its lowest...
Read More
Chinese investors monitor stock prices at a brokerage house in Beijing, Friday, Aug. 2, 2019. Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. (AP Photo/Mark Schiefelbein)
August 01, 2019 - 10:53 pm
BEIJING (AP) — Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. Tokyo's main market index fell 2.5% and Hong Kong's benchmark lost 2.3%. Markets in Shanghai, Sydney and Seoul also declined. Trump's announcement of 10%...
Read More

Pages