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Investing.com – The People’s Bank of China set the yuan parity rate against the dollar at 6.4372 on Tuesday, the strongest since Dec. 11, 2015. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows […]
Investing.com – The dollar gained against the yen on Tuesday after disappointing PPI figures from Japan lifted sentiment on the greenback which has been battered by yen and euro strength as views evolve on whether central banks in Japan and Europe are set to move to tougher monetary policies in 2018. USD/JPY changed hands at 110.76, […]
By Lisa Twaronite TOKYO (Reuters) – The dollar slumped against rivals on Friday on the back of weak factory inflation data, while the euro enjoyed solid support after the European Central Bank hinted that it could be gearing up to trim its massive monetary stimulus. The dollar index, which tracks the greenback against a basket of […]