US Removes Currency Manipulator Label On China Ahead Of Trade Deal
Tuesday, January 14, 2020, 8:01 AM
The US removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between two-economic-powers after nearly two years of conflict. Just two-days before President Donald Trump is set to sign a "phase one" trade-agreement with China, US Treasury said in its semi-annual report to Congress that the yuan has strengthened and Beijing is no longer considered a-currency-manipulator.
Rupee opens 23 paise up at 70.83 against dollar
Friday, October 11, 2019, 3:48 PM
The rupee on Friday opened 23 paise higher at 70.83 against dollar following some selling in American currency by banks and exporters. The local currency on Thursday settled almost flat at 71.07 against the US dollar as the anxiety over US-China trade talks kept investors on edge. "Today, USDINR pair is expected to quote in the range of 70.70 and 71.30."
Gold dips as dollar holds strong ahead of Sino-US trade talks
Tuesday, October 8, 2019, 4:39 PM
Gold prices slipped to a near one-week low on Tuesday, declining for a third straight session, weighed down by a firmer dollar ahead of the upcoming trade talks between China and the United States. Spot gold was down 0.3% at $1,489.32 per ounce, as of 0627 GMT. Prices had dropped 1% in the previous session. US gold futures fell 0.6% to $1,494.60 per ounce.