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China’s money-market rate had its biggest weekly gain since March on speculation cash supply will wane as the central bank drains capital. The yuan was steady.
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Turkey’s central bank published the following statement on its website today.
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China’s yuan fell after the central bank lowered its reference rate, forcing the currency to weaken to stay within the permitted trading range.
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JPMorgan Chase & Co. said China may widen the yuan’s trading band in the next three months after the foreign-exchange regulator announced rules to deter speculative funds from betting on appreciation.
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Polish inflation slowed to its weakest pace in seven years as the European Union’s largest eastern economy stalls, adding scope for more interest-rate cuts.
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Indonesia posted the smallest current-account deficit in a year last quarter, and the Southeast Asian nation’s central bank said capital inflows will help to further narrow the gap and support the rupiah.
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Indonesia kept interest rates unchanged for a 15th consecutive meeting as the threat of inflation from planned fuel-price increases outweighs the risk of slowing growth.
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China’s yuan declined for a second day as the central bank cut its daily fixing, forcing the currency to weaken to stay within the permitted trading range.
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President Susilo Bambang Yudhoyono is poised to swear in a new finance chief as early as tomorrow while his government prepares to set higher subsidized-fuel prices, moving to end policy ambiguity that has hurt investor confidence and the currency.
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President Susilo Bambang Yudhoyono is poised to swear in a new finance chief as early as tomorrow while his government prepares to set higher subsidized-fuel prices, moving to end policy ambiguity that has hurt investor confidence and the currency.
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