Currencies
Currencies News
Dollar Posts Weekly Gains as U.S. Data Support Pace of Fed Taper
The dollar posted weekly gains against the euro and the yen as improvements in economic data strengthened the case for the Federal Reserve to remove stimulus this year.
China Urged to Reduce Yuan Intervention by ex-PBOC Adviser, CICC
China should rein in yuan intervention and let the currency advance to curb growth in its $3.95 trillion foreign-exchange reserves, according to a former central bank adviser and the nation’s biggest investment bank.