Managed Currency News Today

(Bloomberg) -- China stuck to a holding pattern of supporting the yuan as pressure from a resilient dollar and poor sentiment weakens it toward a policy red line. Most Read from BloombergTrumpism Is Emptying ChurchesRBC Fires CFO Ahn After Probe Into Personal RelationshipThe Odds of $100 Oil Are Rising as Supply Shocks Convulse the MarketSaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomTurkey Joins NATO Allies in Suspending Europe Arms TreatyThe People’s Bank of China set t...

(Bloomberg) -- The renewed advance in the US dollar is sending Asian currencies to multi-month lows while prompting authorities in Japan and China to step up defense of their beleaguered exchange rates. Most Read from BloombergChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-to-Office Is a $1.3 Trillion Problem Few Have Figured OutBillion-Dollar Corporate Bond Deals Hit Treasuries: Markets WrapUnited Airlin

(Bloomberg) -- While Beijing moves to stabilize the yuan, Wall Street still sees plenty of room for the Chinese currency to fall.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesTech Storms Back as Nvidia’s 8% Jump Fuels AI Bets: Markets WrapAfter the offshore yuan weakened last week past 7.30 per dollar, just a stone’s t...

(Bloomberg) -- China stepped in to support the yuan for a third time this week, once again signaling a limit to its tolerance for weakness in the currency. Most Read from BloombergPutin Claims He’s Back in Control. Russia’s Elite Isn’t SureSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineQatar Group Now Confident of Winning Manchester United RaceSweden Police Give Permit to Koran Burning Near Stockholm MosqueUBS Preparing to Cut Over Half of Credit Suisse Workforc...