Prolonged Weakness of Japanese Yen Anticipated
TOKYO – Goldman Sachs has projected that the Japanese Yen will likely maintain its weakened state against the dollar for an extended period, with expectations set for the currency to remain at or above 150 to the dollar over the … Continue reading Prolonged Weakness of Japanese Yen Anticipated
China: Yuan sets new low against USD
Beijing – The Chinese yuan has hit another new low versus the U.S. dollar since starting its recent depreciation against the greenback in mid-January.The People’s Bank of China set the yuan’s mid point at 6.1610 on Tuesday, 19 bips lower … Continue reading China: Yuan sets new low against USD