US dollar

China’s exports unexpectedly rise in July

4:54 pm August 8, 2019

Beijing: China’s exports beat expectations to rise in July while its purchases continued to shrink, official data showed Thursday, despite simmering US trade tensions. The trade war with the United States and weakening global demand had weighed on China’s manufacturing sector during the first six months of the year, with its global exports roughly flat […]

Rupee rebounds 18 paise to 70.71 against USD in early trade

11:06 am August 8, 2019

Mumbai: The rebounded by 18 paise to 70.71 against the US dollar in early trade on Thursday, a day after the Reserve Bank of India cut the key interest rate by 35 basis points. At the interbank foreign exchange, the rupee witnessed high volatility against the US dollar. The local unit opened strong at 70.80 […]

Rupee skids for 5th day; drops 8 paise to 70.89 vs USD

7:39 pm August 7, 2019

Mumbai: The rupee dropped 8 paise to finish at 70.89 against the US dollar on Wednesday after the RBI cut the key interest rate and lowered the growth estimate for the current fiscal. This is the fifth straight session of loss for the domestic currency, during which it has lost a hefty 210 paise. During […]

China further weakens yuan rate as currency row simmers

3:04 pm August 7, 2019

Shanghai: China’s currency weakened further against the dollar as the central bank lowered the yuan’s daily reference rate again amid a deepening currency row between Beijing and Washington. The People’s Bank of China on Wednesday fixed the yuan’s central parity rate at 6.9996 per US dollar, weaker than the level set on Tuesday, when it […]

Xi said Sino-US relations were at a "critical juncture", CCTV said, adding that cooperation was mutually beneficial and "the only right choice." "I hope that the US will take substantive actions to improve Sino-US relations, and both sides can work together to strengthen cooperation in fighting the epidemic," he said. Some provinces, cities and companies in China have provided medical supplies and support to the US as well, Xi added.

Trump wants trade pact with China but must be ‘right deal’: WH advisor

10:02 pm August 6, 2019

Washington: President Donald Trump wants a trade agreement with China but it must be “the right deal,” White House economic advisor Larry Kudlow said Tuesday. Kudlow’s remarks came as markets attempted a recovery from Monday’s deep sell-off, prompted by a sudden escalation in the US-China trade since last week. “The president was not happy with […]