Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsThe dollar rose to a five-month high against major peer currencies on Tuesday following hotter-than-expected US retail sales figures, raising worries of an intervention from Tokyo as the yen languished at its lowest since 1990.
The safe-haven dollar stayed firm against major peers while the yuan sank to a nine-month trough after China's central bank unexpectedly cut key policy rates for a second time in three months on Tuesday to shore up the country's sputtering economy.
The yuan slipped toward seven-month lows on Tuesday as China cut lending benchmarks, while the Australian dollar fell after latest central bank meeting minutes showed keeping interest rates unchanged was under consideration.
The South American country will be able to "program a volume of imports in yuan worth (the equivalent of) more than $1 billion from next month," Massa said at a meeting in Buenos Aires with China's ambassador Zou Xiaoli.
The safe-haven US dollar eased against peers on Tuesday amid signs Federal Reserve rate hikes are already putting the brakes on the world's biggest economy, while risk sentiment improved with Rishi Sunak about to become Britain's prime minister.
The US dollar edged back from near a two-decade peak against a basket of major currencies on Thursday as investors looked to a speech by Federal Reserve Chair Jerome Powell the following day for fresh clues on the path for monetary policy.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.