Morgan Stanley ousts forex traders amid probe over concealed losses
Morgan Stanley fired or placed on leave at least four traders over an alleged mismarking of securities that concealed losses of between $100 million and $140 million, according to people with knowledge of the matter. Morgan Stanley is investigating the suspected mismarking, which was linked ...
We may be facing a textbook emerging-market crisis
Argentina and Turkey look like outliers but the rot could spread fast.
Goldman sees yuan gaining in reserves at expense of dollar and yen
China's currency is set to take an increasing share of world foreign-exchange reserves, with the dollar and yen having to make the most room proportionally for the newcomer on the block, according to Goldman Sachs Group Inc. An acceleration in foreign inflows into Chinese fixed ...
The dollar was weaker below ¥111.20 in late Tokyo trading Monday, though it recovered some ground in line with brisk Japanese stocks. At 5 p.m. the dollar stood at ¥111.15, down from ¥111.39 at the same time Friday. The euro was at $1.1599, up from ...
Dollar firms around ¥110.30 in Tokyo trading as U.S. softens China stance
The dollar was firmer around ¥110.30 in late Tokyo trading Thursday as the United States eased its trade rhetoric on Chinese investment. At 5 p.m., the dollar stood at ¥110.33-33, up from ¥109.72-73 at the same time Wednesday. The euro was at $1.1561-1561, down from ...
Why global speculators love the yen
The yen's extremely high sensitivity to global events is a serious problem for Japan.
The dollar was weaker around ¥109 in Tokyo trading late Tuesday, dragged down by a plunge in stocks. At 5 p.m., the dollar stood at ¥109.01-01, down from ¥109.91-91 at the same time on Monday. The euro was at $1.2395-2396, down from $1.2439-2440, and at ...
Trump's tough talk on China may be a positive for the greenback
One clear takeaway from Chinese President Xi Jinping's speech at the World Economic Forum in Davis was that U.S. President Donald Trump has him on the defensive.
Yen leaps on referendum surprise; Nikkei tumbles
Japan braced for global market turmoil Friday as the yen briefly soared above 100 against the dollar and the Nikkei stock average tumbled over 8 percent as Britain voted in favor of leaving the European Union. The yen briefly touched 99 to the dollar — ...
Crucial week for the yen: A fourth annual loss or world's top currency
Events this week will determine whether the yen has a record fourth annual decline in 2015, or is the year's best-performing major currency. With just days left, the currency has slipped 0.5 percent versus the dollar this year. That makes it the second-best performer among ...
The folly of China's forex policy
China should start developing stable and liquid financial markets that are not subject to official manipulation. Only then will the international community embrace the renminbi as a proper international and reserve currency.
Dollar rebounds to 120 yen; China worries persist in forex market
The U.S. dollar recovered to the ¥120 line Wednesday in Tokyo, helped by an early rebound in Tokyo stocks, but its upside later remained capped amid falling stocks and lingering concern about the health of the Chinese economy. At 5 p.m., the dollar fetched ¥120.05-08 ...
