Currency markets

August 08, 2019 - 5:21 am
BEIJING (AP) — China lowered the trading range for its currency for a fourth day on Thursday, 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 set the starting point for the yuan's...
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In this Aug. 6, 2019, photo, tugboats manuever a container ship at a port in Qingdao in eastern China's Shandong province. Chinese imports of American goods plunged in July as a tariff war with Washington intensified. (Chinatopix via AP)
August 08, 2019 - 4:15 am
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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Trader John Romolo works on the floor of the New York Stock Exchange, Wednesday, Aug. 7, 2019. 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. (AP Photo/Richard Drew)
August 07, 2019 - 11:47 pm
BEIJING (AP) — 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. Market benchmarks in Shanghai, Tokyo and Hong Kong all advanced, recovering some of their losses following three days of...
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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 07, 2019 - 8:21 am
LONDON (AP) — Global stock markets continued to recover ground Wednesday after China's decision to stabilize its currency eased some tensions around the trade war with the U.S. European stocks were doing particularly well, having failed to rebound the previous day. Many global indexes endured their...
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In this Tuesday, Aug. 6, 2019, photo, a man walks by a money exchange shop decorated with Chinese yuan banknotes and other countries currency banknotes at Central, a business district in Hong Kong. China's yuan has weakened again after signs its decline was stabilizing helped to reassure financial markets. (AP Photo/Kin Cheung)
August 07, 2019 - 7:16 am
BEIJING (AP) — China's currency weakened again Wednesday after hopes among financial traders that its decline was stabilizing helped to calm jittery global markets. The yuan edged down to 7.0488 to the U.S. dollar, about 0.4% below its level late Tuesday. The currency strengthened slightly to 7...
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FILE - In this May 8, 2019, file photo, New Zealand's Reserve Bank Governor Adrian Orr speaks to the media in Wellington, New Zealand. New Zealand's central bank cut its benchmark interest rate to an all-time low of 1% on Wednesday, Aug. 7, 2019, as it forecast tougher economic conditions ahead. (AP Photo Nick Perry, File)
August 07, 2019 - 3:57 am
WELLINGTON, New Zealand (AP) — New Zealand's central bank cut its benchmark interest rate to an all-time low of 1% on Wednesday as it forecast 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...
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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 - 11:10 pm
TOKYO (AP) — Asian shares were mostly lower Wednesday as markets calmed after China's decision to stabilize its currency. Japan's benchmark Nikkei 225 dipped 0.8% to 20,421.93. Australia's S&P/ASX 200 added 0.3% to 6,497.60 in morning trading. South Korea' Kospi slipped 0.2% to 1,913.43. Hong...
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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 06, 2019 - 4:51 pm
BEIJING (AP) — Tensions between the U.S. and China over trade subsided a bit, giving U.S. investors a reason to wade back into stocks after a big sell-off a day earlier. Still, experts worried that recent actions taken by the two sides presage a prolonged battle over trade that could slow global...
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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 - 8:45 am
LONDON (AP) — 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. The more buoyant tone follows a big sell-off Monday, when stocks were...
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Trader James Coffey works 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 - 11:49 pm
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 2.5% and Tokyo fell 2%. Markets in Hong...
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