Dollar index holds near three-week lows; yuan drops

Christel Deskins

New York (Reuters) – The dollar index held near three-week lows on Monday as optimism over the possibility of a COVID-19 relief bill was curbed by concern over the pandemic while China’s yuan fell after the People’s Bank of China (PBOC) changed its reserve requirements policy. FILE PHOTO: Chinese yuan […]

China Investment to Australia Drops for Third Year as Ties Fray

Christel Deskins

(Bloomberg) — Chinese investment to Australia last year dropped for the third straight year, researchers reported Sunday, a further sign of the impact of souring economic and diplomatic ties. © Photographer: Bloomberg/Bloomberg Australian one-hundred dollar banknotes, right, and Chinese one-hundred yuan banknotes are arranged for a photograph in Sydney, Australia, […]

SMIC slumps, SoftBank drops in mixed Asia markets

Christel Deskins

Asian markets were mixed Monday, following a sharp selloff on Wall Street last week. Japan’s Nikkei 225 NIK, +0.39% dipped 0.5% while Hong Kong’s Hang Seng index HSI, +0.32% fell 0.4%. The Shanghai Composite SHCOMP, -0.04% declined 1.9% while the smaller-cap Shenzhen Composite 399106, -0.52% dropped 2.2%. South Korea’s Kospi […]