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The intertwined drop RMB With stocks down Hong KongWorries about the protests in the city, lowering the New Zealand and Australian dollars and supporting the yen against its major counterparts. "Reuters".
The rest of the currencies were confined to a narrow range before the speech of Speaker Jerome Powell. Federal Reserve WASHINGTON (Reuters) – Jackson Hole Friday, which will be the subject of a comprehensive study after a coup in the US Treasury yield curve has highlighted the risk of An American recession.
Expectations of further rate cuts are high, and US President Donald Trump's public calls for strong monetary easing have left the central bank in a stalemate.
In domestic transactions, the yuan fell to 7.0752 against the dollar, its lowest level since March 2008, before rising slightly to 7.0732. In foreign trade, the dollar rose 0.29% to 7.0872 yuan.
Traders said that the big Chinese state banks had supported the yuan.
The dollar remained stable at 106.43 yen, after gaining 0.36% on Wednesday. This is the biggest increase since August 13th.
Against the Swiss franc, the dollar traded at 0.9828, near a two-week high at 0.9831.
The Australian dollar was down 0.32% to 0.6761 dollar and down 0.47% to 71.95 yen.
The New Zealand dollar fell to 0.6372 USD, the lowest since January 2016, and lost 0.66% to 67.84 yen.
The pound fell slightly to 91.46 pence for one euro and risks losses for the second session, while the fog surrounding the secession of Britain from the European Union puts pressure on the currency.
Against the US dollar, the pound was little changed at $ 1.2127.
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The decline in the yuan, combined with the decline in Hong Kong stocks following concerns over the protests in the city, drove the New Zealand and Australian dollars down and supported the yen against the main counterparts.
The rest of the currencies were confined to a narrow range before the speech of Federal Reserve Chairman Jerome Powell on Friday at Jackson Hole, which will be closely scrutinized after a coup on the yield curve. US Treasury has highlighted the risk of a US recession.
Expectations of further rate cuts are high, and US President Donald Trump's public calls for strong monetary easing have left the central bank in a stalemate.
In domestic transactions, the yuan fell to 7.0752 against the dollar, its lowest level since March 2008, before rising slightly to 7.0732. In foreign trade, the dollar rose 0.29% to 7.0872 yuan.
Traders said that the big Chinese state banks had supported the yuan.
The dollar remained stable at 106.43 yen, after gaining 0.36% on Wednesday. This is the biggest increase since August 13th.
Against the Swiss franc, the dollar traded at 0.9828, near a two-week high at 0.9831.
The Australian dollar was down 0.32% to 0.6761 dollar and down 0.47% to 71.95 yen.
The New Zealand dollar fell to 0.6372 USD, the lowest since January 2016, and lost 0.66% to 67.84 yen.
The pound fell slightly to 91.46 pence for one euro and risks losses for the second session, while the fog surrounding the secession of Britain from the European Union puts pressure on the currency.
Against the US dollar, the pound was little changed at $ 1.2127.
