Tag: People’s Bank of China

Shanghai Composite Dives More than 6% in Renewed Volatility

Chinese stocks took a beating on Tuesday, with the Shanghai Composite plunging to its lowest level in 14 months after a late selling frenzy...

Asian Stocks Rebound after China GDP Figures Fuel Stimulus Bets

Asian markets rose on Tuesday, with Chinese stocks jumping by the most in two months after weaker than expected economic data raised the prospect...

Nikkei Declines Sharply as Yen, Commodities Weaken

Asian stocks were mostly down on Monday, while the Japanese yen weakened after China’s central bank bolstered its yuan fixing in an effort to stabilize...

Asian Stocks Rise on Prospect of China Stimulus

Asian stocks diverged Monday, but closed mostly higher after government data showed another deterioration in China’s terms of trade, raising the prospects of additional...

Dollar Spikes to 7 ½ Month Highs on Surging Nonfarm Payrolls

The US dollar was trading at seven-and-a-half month highs against a basket of world currencies Friday after government data showed a much bigger than...

Global Stocks Roar Back on China Rate Cut, Draghi Guidance

Global stocks surged Friday after China cut interest rates for the sixth time in a year, adding to optimism that the European Central Bank...

Stimulus Bets Boost Chinese Stocks

Chinese stocks ended mostly higher on Tuesday, buoyed by expectations for additional stimulus from the People’s Bank of China after economic growth slowed to...

Shanghai Composite Plunges on Growth Woes

Chinese stocks plunged for a second consecutive day Tuesday, with the Shanghai Composite Index posting a triple-digit loss after data from Beijing’s Ministry of...

Global Stocks Rally despite Fledgling Chinese Exports

Wall Street and European stocks surged Tuesday, as another sharp drop in Chinese exports fueled speculation Beijing would offer additional support to prop up...

“Black Monday”: Oil Prices Plummet amid Massive Sell-Off in Chinese Equities

Oil prices plunged on Monday to their lowest level in more than six years after a broad equities sell-off in China fuelled fresh concerns...

Dollar Index Plunges as Yuan Selloff Intensifies

China's unexpected decision to devalue the yuan rattled the currency markets again on Wednesday, fueling concerns of further devaluation by the central bank. As a result, the...

US Dollar Continues Lower despite Yuan Devaluation

The US dollar traded higher against a basket of currencies Tuesday, as China unexpectedly devalued its currency amid the country's sharpest economic downturn since...

6 Central Banks That Rule Forex

The role of central banks in deciding exchange rate levels cannot be overestimated. If you want to trade currencies you need to understand what...