Trader Who Bet on Gradual Yuan Decline Now Sees Steeper Drop Last year, Benjamin Fuchs’s $2 billion hedge fund prospered by betting against a sudden yuan...
China Sets Biggest One-day Yuan Rate Increase Since 2005 China on Friday (Jan 6) raised the exchange rate for the yuan against the US dollar by...
Offshore Yuan Drops on PBOC Move; Japan Shares Fall China’s offshore yuan slumped after the central bank strengthened its currency fixing by the most in more...
Yen Extends Gains as Stock Rally Fades After Fed The yen extended gains and a stock rally fizzled as traders in Asia digested minutes from the...
Naira Closes Flat on First Trading Day The Nigerian Naira closed flat on the first official trading day of the year. The local currency closed at...
Investment Banks Disagree on Oil Price Recovery in 2017 Global investment banks have differed on their forecasts on the recovery of crude oil prices in 2017,...
Naira Faces Further Decline on Continued Dollar Scarcity The naira is set to witness another round of decline against the dollar in the days ahead as...
Euro Climbs Along With Oil as Japan Stocks Decline The euro spiked higher as the dollar weakened for a second day and oil advanced in thin...
Naira Among Worst Performing Global Currencies in 2016 The Nigerian naira has been listed as one of the world’s worst performing currencies in 2016, according to a...
Dollar Drops to Two-Week Low Versus Yen as Treasury Yields Fall The dollar dropped to a two-week low against the yen as traders pushed it through...
