Chinese Yuan Markets

China shares mixed on electricity price increase (AP)

China shares mixed on electricity price increase, end week up 3.8 pct; resources fall SHANGHAI (AP) -- Chinese shares ended mixed Friday after a five-day rally on electricity price increases, but finished the week up 3.8...

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AUDUSD Finally Breaks the 8-month Old Trendline, Triggering a Stop Fest

The move in risk aversion in the European session provided a big boost to the greenback, and EURUSD is pounding on the local support just above 1.4800 as we write this, and AUDUSD has collapsed through support and triggered a...

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HK, China shares fall as banks, developers drop

China shares snap five-session rally * Hong Kong stocks down for fourth session * China banks fall on report Beijing may adjust reserve (Updates to close) By Jun Ebias and Claire Zhang HONG KONG/SHANGHAI, Nov 20 (Reuters) -...

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US lawmakers threaten China sanctions over currency!

As Obama returned home without any pledge from China to make its yuan flexible, Republican and Democratic lawmakers sent a letter to the Commerce Department calling for an investigation into "China?s currency manipulation." It...

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EURUSD hanging on to support by a thread so far

Little news shaking the markets, as much of recent activity seems to be about position adjustments. MAJOR HEADLINES – PREVIOUS SESSION New Zealand Oct. Credit Card Spending fell -0.4% YoY vs. -2.3% in Sep. Japan BoJ left target...

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Geithner says bailout will end 'as soon as we can,' some funds will be used to reduce debt

WASHINGTON (AP) — Treasury Secretary Timothy Geithner said Thursday the government's $700 billion bailout program will end "as soon as we can," and that part of it will be used to lower the soaring federal debt.

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GOP Lawmaker Calls on Treasury Chief Geithner to Resign

Treasury Secretary Timothy Geithner asserted that the economy was in significantly better shape today than it was a year ago when Republicans controlled the White House, a view that was supported by a number of Democrats on the...

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Dollar gains as homeowners, job-seekers struggle

The dollar's appeal as a safe haven sent it higher in trading Thursday after reports on housing and unemployment raised fears that the economy will be weak next year. On Thursday, said Michael Woolfolk, senior currency...

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Obama in China faces currency strains and a Great Wall climb

BEIJING – US President Barack Obama was set to continue his effort to court China while cajoling it on economic strains on Wednesday, with the final day of his visit featuring talks with Chinese Premier Wen Jiabao. Obama's...

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Hot money floods China

The Hong Kong Monetary Authority (HKMA) on Thursday morning injected HK$3.875 billion ($500 million) into the money market to stem an appreciating Hong Kong dollar and keep it within its fixed trading band. This follows an...

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