Foreign Exchange News

HONG KONG (Dow Jones) -- China will allow its domestic currency to be traded over the counter in the interbank spot foreign-exchange market from Wednesday, the People's Bank of China said on a statement on its Web site. The measures will enhance the PBoC's flexibility in managing the currency, while reducing the need for daily intervention, said HSBC's chief China economist, Qu Hong. The mov ...

HONG KONG (Dow Jones) -- China will allow its domestic currency to be traded over the counter in the interbank spot foreign-exchange market from Wednesday, the People's Bank of China said on a statement on its web site. This new system for yuan trading will operate alongside its 11 year-old price- matching based transaction system. The move will not affect the yuan exchange rate. The currenc ...

LONDON (Dow Jones) -- The dollar weakened on Tuesday ahead of minutes from the Federal Open Market Committee's December interest-rate meeting, as traders bet on whether there would be signals that the U.S. rate-hike cycle is on its last leg. The euro rose to $1.1881 from $1.1838 late Friday, and the dollar fell to 117.11 yen from 117.69 yen late Friday. The FOMC minutes are due after 2 p.m.  ...

HONG KONG (MarketWatch) -- China will allow its domestic currency to be traded over the counter in the interbank spot foreign-exchange market from Wednesday, the People's Bank of China said on a statement on its web site.   MARKETWATCH TOP NEWS FLYi grounds Independence Air Stocks could see rebound on data New reports may hint at more Fed rate hikes CBS spinoff from V ...

Michael Clarke, This is Money26 December 2005 FINANCIAL services can be a minefield, none more so than in negotiating credit and loans. This is Money offers its top tips for 2006 MONEY SAVER: Following our tips can save you money WANT TO KNOW MORE? DEAL FINDER: Compare credit cards DEAL FINDER: Compare cheap loans READER SERVICE: Check your credit GUIDES: Choosing a credit card GUIDES: Choosing a loan POLL: Did you spend too much over Christmas? OTHER STORIES New Year ...

Sinead McIntyre, Daiy Mail3 January 2006 SUNSEEKERS who shop around will be able to save hundreds of pounds this summer as they reap the rewards of a travel price war. WANT TO KNOW MORE? See holiday advice and compare flight prices at www.thisistravel.co.uk DEAL FINDER: Loans to fund a holiday DEAL FINDER: Travel insurance TABLES: Tourist rates OTHER STORIES The great bogus bargain scam Our New Year's money-savers Win a PlayStation Portable 80% discounts in sales  ...

Jeff Prestridge, Mail on Sunday1 January 2006 HENDERSON Global Investors has emerged as favourite to snap up rival fund manager Gartmore for about £600m. OTHER STORIES LSE: Are bidders 'fit and proper'? Footsie's surge puts property in shade Market report: Friday close Tell all on pensions in job ads, says MP Lloyd's cashes in on Islamic cover THE EDITOR'S CHOICE TOP ST ...

The detailsSee more Old conundrum, new twist Inverted or flat, the yield curve points to a weaker Federal Reserve, not a downturn. (Full story) More on bonds and yields • Harry Potter and the Fed's conundrum • What investors should do NEW YORK (CNNMoney.com) - Bond prices slipped Friday in the last trading session of 2005 as investors prepared for potentially strong economic data due out next week even though the yield on the 10-year Tr ...