Blogs Posts in World Currency category; 587 blog posts

China says US yuan vote could set off trade war

US lawmakers defied warnings from Beijing and the White House to approve the measure, which leaders of the Republican-led House of Representatives also warn could lead to a trade war between the world's two largest economies. Repub [...]

Posted On : Oct, 15 2011 | Comments : 0

Singapore Reduces Currency Band’s Slope on Slowing Inflation

Singapore will slow gains in the local currency because the deteriorating global economic outlook is expected to lead to a moderation in inflation, the central bank said today in its semi-annual exchange-rate review. “Given the s [...]

Posted On : Oct, 14 2011 | Comments : 0

FOREX-Euro dips; Aussie climbs on jobs surprise

The euro dipped on Thursday, taking a breather after rallying to a one-month high the previous day, with market players saying the single currency may eke out more gains ahead of a European Union summit next week. The Australian dollar [...]

Posted On : Oct, 13 2011 | Comments : 0

U.S. currency bill endangers global economic recovery

The Currency Exchange Rate Oversight Reform Act of 2011, a bill passed by the U.S. Senate on Tuesday that will push China to revalue its currency, may spawn a trade war between the two nations and endanger global economic recovery, econom [...]

Posted On : Oct, 12 2011 | Comments : 0

Top Currency Forecasters Say Best Over for Dollar as Fed Eas...

The most accurate foreign-exchange forecasters say the dollar’s best quarterly rally since 2008 has no chance of continuing to year-end as a slowing economy forces the Federal Reserve to flood the world with more U.S. currency. L [...]

Posted On : Oct, 11 2011 | Comments : 0

Beijing tells US to stop pressuring China

China on Sunday urged Washington to stop pressuring Beijing as the US Senate prepares to vote on a controversial bill aimed at punishing the Asian nation for alleged currency manipulation. The proposal, powered by a tide of US voter anger [...]

Posted On : Oct, 10 2011 | Comments : 0

Canadian dollar weakens as ECB leaves rates unchanged

The Canadian dollar weakened sharply against its U.S. counterpart in early trade on Thursday after the European Central Bank held interest rates unchanged, dashing hopes it might cut rates to stimulate growth. Gold pared gains, governm [...]

Posted On : Oct, 07 2011 | Comments : 0

China tests US with currency move

Just as the chances have risen in the US for the passage of a bill that would penalise China for currency intervention, Beijing has put the brakes on renminbi appreciation, raising the spectre of a bitter dispute between the world’s [...]

Posted On : Oct, 06 2011 | Comments : 0

Currency value movements raise concerns

The rupee and dollar movements give the jitters to many. The rupee has been weakening over the past few weeks. It recently dropped to its lowest level in over two years. One of the main reasons is investors trying to reduce their exposure [...]

Posted On : Oct, 05 2011 | Comments : 0

Don't politicize Chinese currency

The battle over a U.S. Senate bill to admonish China for alleged currency manipulation has several lawmakers pushing for a vote next week on the measure that they say will strengthen trade and increase jobs. The bill would require the [...]

Posted On : Oct, 03 2011 | Comments : 0

Sen. Majority Leader Reid Links Obama Jobs Package to Action...

Is this the season (or year) that the U.S. finally moves the correct levers to get China to a adopt a more reasonable currency policy? It will be, if Senate Majority Leader Harry Reid, D-Nev., gets his way. Reid has underscored that he [...]

Posted On : Sep, 29 2011 | Comments : 0

China currency vote puts pressure on White House

When Senate Majority Leader Harry Reid (D-Nev.) was asked this week when the chamber would move President Barack Obama’s much-hyped jobs bill, he punted. “We’ll get to that,” he said, but first, “I don’ [...]

Posted On : Sep, 28 2011 | Comments : 0

US Senate to move next week on China bill

The US Senate will move forward next week with a bill to punish China over its alleged currency manipulation, Democratic Majority Leader Harry Reid said, predicting the legislation will pass. "China trade is a jobs bill that's be [...]

Posted On : Sep, 27 2011 | Comments : 0

Re fall may inflate India Inc's foreign loan bill by $2 bn

The falling value of rupee may impact hard the profitability of Indian companies, which have tapped overseas loans, and the bottom lines this year are likely to take a hit of over USD two billion this year. The corporates have been incre [...]