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Yuan tumbles, yen rallies as spread of China virus unnerves markets

Dhara Ranasinghe, Reuters
Posted at Jan 21 05:10 PM

China's yuan tumbled on Tuesday, pulling away from six-month highs against the dollar, while the yen rallied as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and rattled world markets.   Read more »

US Treasury removes currency manipulator label on China

Agence France-Presse
Posted at Jan 14 08:34 PM

The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the economic powers after nearly two years of conflict. Read more »

US Treasury reverses currency manipulator label for China

Agence France-Presse
Updated as of Jan 14 08:19 AM

The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly 2 years of conflict.  Read more »

Gross international reserves hit $88.9-B in December

ABS-CBN News
Updated as of Jan 07 07:12 PM

The Philippines' gross international reserves (GIR) reached a historic high of $87.86 billion at the end of December, the central bank said on Tuesday.  Read more »

Dollar barely flinches after Trump impeachment, Aussie jumps on solid jobs data

Swati Pandey, Reuters
Posted at Dec 19 10:20 AM

The dollar took in stride the impeachment of US President Donald Trump on Thursday while its Australian counterpart rallied after a surprise fall in the country's unemployment rate.  Read more »

The world’s No. 1 Forex Trading school celebrates its 3rd year of excellence in the PH

Frances Sales
Updated as of Nov 09 08:07 PM

More Filipinos are learning to sharpen their trading skills to achieve financial success. Read more »

World markets buoyed by growing trade optimism

Agence France-Presse
Posted at Nov 05 10:33 PM

Global bourses had already soared on Monday on expectations that economic superpowers China and the United States were close to a mini trade deal. Read more »

Pound shrugs off Johnson's latest Brexit setback

Agence France-Presse
Posted at Oct 21 06:46 AM

Sterling opened to modest losses Monday following British Prime Minister Boris Johnson's latest failure to break the Brexit deadlock, with forex markets shrugging off a weekend of drama in the British parliament.  Read more »

Pound goes on rollercoaster ride after Brexit draft deal

Agence France-Presse
Posted at Oct 18 07:00 AM

The British pound had a tumultuous session on Thursday as a draft Brexit deal between London and Brussels sparked both hope and skepticism in a volatile forex market. Read more »

Dollar supported as fears of ramp up in Sino-US trade war ease

Tom Westbrook, Reuters
Posted at Sep 30 09:13 AM

The dollar was supported on Monday in cautious trade as worries of an immediate widening of the Sino-US trade war eased and markets awaited the latest Chinese manufacturing data for a glimpse into the health of the world's second-largest economy. Read more »

Why is China's currency falling?

Agence France-Presse
Posted at Aug 26 06:53 PM

China's yuan has sunk by around four percent in August to its lowest point in more than 11 years on Monday, a decline likely to further exacerbate trade tensions with Washington. Read more »

Trump flirts with currency war in escalating conflict with China

Heather Scott, Agence France-Presse
Updated as of Aug 09 09:33 AM

President Donald Trump on Thursday took a step closer to sparking a currency war in the escalating conflict with China, saying he is not happy with the strong US dollar. Read more »

US designates China as a 'currency manipulator'

Agence France-Presse
Updated as of Aug 06 08:15 AM

WASHINGTON - The United States on Monday formally named China a currency manipulator, accusing Beijing of weakening the yuan as the two countries' trade war escalates. Read more »

Cash remittances hit $2.6-B in May

ABS-CBN News
Updated as of Jul 15 06:03 PM

This brought cash remittances in the first 5 months of the year to $12.3 billion, 4.5 percent higher than in the same period in 2018.  Read more »

Trump accuses China, Europe of currency manipulation, stimulus

Agence France-Presse
Updated as of Jul 04 06:32 AM

US President Donald Trump on Wednesday accused China and Europe of deliberately weakening their currencies and stimulating their economies to gain competitive advantages over the United States. Read more »

Bitcoin's losses grow, recoils 30 percent from 2019 highs

Reuters
Updated as of Jul 03 08:11 AM

Bitcoin skidded as much as 9 percent on Tuesday, falling below the $10,000 mark and pushing losses to over 30 percent since the original cryptocurrency hit an 18-month-high last week. Read more »

Yen sags, yuan soars after US-China trade truce

Reuters
Posted at Jul 01 07:05 AM

The yen sagged and the yuan rose in early Monday trade after the United States and China agreed to restart trade talks as US President Donald Trump offered concessions on new tariffs and restrictions on tech company Huawei.   Read more »

Peso strongest in 16 months as dollar weakens, Fed signals easing

ABS-CBN News
Updated as of Jun 25 10:07 PM

The Philippine peso touched its strongest level since February last year as the dollar fell against a basket of currencies amid the prospect of monetary easing by the Federal Reserve.  Read more »

Cash remittances up 4 percent in April

ABS-CBN News
Posted at Jun 17 03:23 PM

Cash remittances from overseas Filipinos reached $2.4 billion in April, up 4 percent from the same month last year. Read more »

Net inflows of foreign direct investments fell in first quarter

ABS-CBN News
Posted at Jun 10 05:35 PM

Net inflows of foreign direct investments (FDI) in the Philippines fell in the first three months of the year, the Bangko Sentral ng Pilipinas said Monday.  Read more »