|Day's range||6.86 - 6.873|
|52-week range||6.8600 - 6.8733|
Investing.com – Asian currencies – from India to Philippines – were under pressure Tuesday morning even as the dollar moved slightly up.
Investing.com - The dollar was mixed on Monday morning in Asia as the Australian dollar and the Chinese yuan continued to lose ground against the greenback.
Investing.com - Lianyugang-based Hansoh Pharmaceutical Group Company Limited applied on Thursday to issue shares in Hong Kong, with Morgan Stanley (NYSE:MS) and Citigroup (NYSE:C) named as joint sponsors, according to a company statement at the Hong Kong Stock Exchange (HKEx).
Investing.com - The Chinese yuan was little changed, while the dollar gained on Monday as traders awaited the outcome of the U.S.-China trade talks due later this week.
Investing.com - The U.S. Dollar slipped on Tuesday after advancing earlier in the day and re-approaching the one-year high of 95.44 hit on July 19.
Investing.com - The Chinese yuan was little changed on Monday as trade dispute with the U.S. continued to boil. The Chinese currencies rallied on Friday after the People’s Bank of China (PBOC) announced supportive measures.
Investing.com - The dollar remained steady against a currency basket on Tuesday, amid expectations that the Federal Reserve will continue hiking rates this year despite criticism from U.S. President Donald Trump about the impact of higher interest rates.
Late Monday, Germany Chancellor Angela Merkel struck a deal on immigration with her coalition partners, seemingly resolving a spat that had continued since the administration took office. If she hadn’t reached an agreement, Germany could have headed back to the polls, which would have weighed on European assets. “The deal removes the risk of new elections in Germany and preserves the stability that Merkel has brought to eurozone’s largest economy,” said Boris Schlossberg, managing director of FX Strategy at BK Asset Management, in a note.
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The big currency stories of Monday were Mexico’s election, which saw leftist front-runner Andrés Manuel López Obrador win the presidency, and Germany’s leadership spat over immigration. Both scenarios harbor some uncertainty for the countries’ respective futures and has weighed on markets. López Obrador, sometimes referred to as AMLO, cruised to victory after Sunday’s presidential election, marking a sharp left-hand turn for the country’s politics and striking a blow at established parties, as the new Mexican leader ran for his own Morena party.
Investing.com - The yen strengthened against the dollar in morning trade in Asia Tuesday after U.S. president Donald Trump raised the possibility of imposing new tariffs on US$200 billion worth of Chinese goods. Investors are entering risk-off-mode as worries mount over a U.S.-China trade war and the risk-off mode is benefiting the safe-haven yen.
By opening up the country's financial markets, China's yuan (CNH) would increase in value making its goods more expensive.