The yuan firmed against
a broadly weaker U.S. dollar on Friday, as new homes prices data
released a day earlier provided another sign that China's
economy is gathering strength.
Base metals prices rose on Friday, as a host of bailout measures to avert a banking crisis soothed investors' nerves, while a weaker dollar and hopes for Chinese demand recovery also boosted sentiment.
The dollar fell on Friday as further declines in the shares of Credit Suisse and First Republic Bank rattled markets fearful of contagion and increased concerns that a recession lies ahead because of the impact of tighter monetary policy.
The dollar slipped on Friday as risk sentiment improved after authorities and banks moved to ease stress on the financial system in major markets, taking heat off other major currencies that tumbled earlier in the week in the wake of bank turmoil.
Most Latin American currencies and stocks gained on Thursday
as a lifeline from the Swiss National Bank to Credit Suisse
helped ease fears of a global banking crisis and boosted
appetite for ...
Mexico's peso strengthened more than 1% against the U.S. dollar in afternoon trading on Thursday, recouping some of the ground lost in previous days to fears of a broader financial crisis triggered by bank failures in the U.S. The peso moved to 18.72 per dollar by 1.52 pm Mexico City time, a rise of 1.2%, after it depreciated close to 2% against the greenback the previous day.
The dollar fell and the euro rose on Thursday after the
European Central Bank raised interest rates as planned despite
market chaos in recent days, in a sign the Federal Reserve also
will likely ...
The dollar fell
and the euro rose on Thursday after the European Central Bank
raised interest rates as planned despite market chaos in recent
days, in a sign the Federal Reserve also will raise rates ...
Mexico's peso rose slightly against the U.S. dollar in mid-morning trading on Thursday, erasing earlier losses. The peso flipped to 18.95 per dollar by mid-morning, after depreciating more than 2% against the greenback the previous day, as fears of a banking crisis spread across markets, causing traders to flock to the safe-haven dollar.
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