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China's yuan ends near 28-month low, set for worst week since April

(Updates to close) SHANGHAI, Sept 23 (Reuters) - China's yuan finished the domestic trading session at a near 28-month low on Friday and looked set for its biggest weekly loss in five months, as a widening yield differential between the world's two largest economies continued to weigh on the Chinese currency. The U.S. dollar =USD strengthened in global markets, with benchmark U.S.
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China's yuan weakens to near 28-month low, set for worst week since May

SHANGHAI, Sept 23 (Reuters) - China's yuan weakened to a near 28-month low on Friday and looked set for its biggest weekly loss in four months, as a widening yield differential between the world's two largest economies continued to weigh on the Chinese currency. The greenback =USD strengthened in global markets, with benchmark U.S. Treasury yields US10YT=RR hitting an 11-year high overnight, as investors positioned for more Federal Reserve interest rate hikes to tame high inflation after its lat
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China's yuan ends at 27-month low as Fed views buoy dollar

(Updates to close) SHANGHAI, Sept 22 (Reuters) - China's yuan ended its domestic session at a 27-month low against a surging dollar on Thursday, after the U.S. Federal Reserve delivered another 75-basis-point interest rate rise and signalled more hikes in coming months. The onshore yuan CNY=CFXS closed the domestic session at 7.0810 per dollar, the weakest such close since June 18, 2020. And it was 333 pips, or 0.47%, softer than the previous late night close of 7.0477. Its offshore counterpart
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China's yuan hits 27-month low as dollar buoyed by hawkish Fed

SHANGHAI, Sept 22 (Reuters) - China's yuan fell to a 27-month low against a surging dollar on Thursday after the U.S. Federal Reserve delivered another 75 basis-point interest rate rise and signalled more hikes in coming months. Fed Chair Jerome Powell vowed on Wednesday that he and his fellow policymakers would "keep at" their battle to beat down inflation.
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China's yuan hits 27-month low as dollar buoyed by hawkish Fed

SHANGHAI, Sept 22 (Reuters) - China's yuan fell to a 27-month low against a surging dollar in early trade on Thursday, as the Federal Reserve delivered another 75-basis-point interest rate rise and signalled more hikes in coming months. Fed Chair Jerome Powell vowed on Wednesday that he and his fellow policymakers would "keep at" their battle to beat down inflation.
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Yuan ends at 26-month low, deviation from guidance at widest since 2019

(Updates to close) SHANGHAI, Sept 21 (Reuters) - China's yuan ended at an over 26-month low against a rising dollar on Wednesday and its deviation from official guidance was at the currency's widest since the height of Sino-U.S. trade tensions in 2019. The yuan has come under pressure with several overseas central banks expected to double down on hawkish monetary policy this week to tame high inflation.
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Yuan touches 26-month low, deviation from guidance at widest since 2020

SHANGHAI, Sept 21 (Reuters) - China's yuan weakened to a 26-month low against a rising dollar on Wednesday, ahead of a U.S. Federal Reserve decision on policy settings, while its deviation from official guidance hit its widest since the early COVID-19 outbreaks in 2020. Depreciation pressure is mounting on the yuan with several overseas central banks expected to aggressively raise interest rates this week to tame high inflation.
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Indian rupee gains as risky assets rise ahead of Fed meeting

By Anushka Trivedi MUMBAI, Sept 20 (Reuters) - The Indian rupee firmed on Tuesday as the dollar retreated on improving risk sentiment, with investors assessing just how hawkish the Federal Reserve would be at its policy meeting over the next two days. The partially convertible rupee INR=IN rose 0.2% to 79.61 per dollar by 0508 GMT. It has weakened 0.8% in the past four sessions from a high of almost 79.10. "There will be some breather for the rupee.
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China's yuan weakens further ahead of expected Fed rate hike

SHANGHAI, Sept 20 (Reuters) - China's yuan declined again versus the dollar on Tuesday, with the midpoint rate hitting a fresh 25-month low, as an imminent U.S. rate hike threatens to further weaken the Chinese currency amid a gloomy growth outlook. Analysts have largely downplayed the negative implications of the yuan breaching the psychologically key 7-per-dollar level last week, but a too rapid decline of the currency could invite fresh government intervention.
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China's yuan ends at new 26-month low in busy week for global cenbank meetings

(Updates closing price) SHANGHAI, Sept 19 (Reuters) - China's yuan ended at a fresh 26-month low on Monday and traded below the psychologically critical 7-per-dollar level, pressured by bets for another big rate hike from the U.S. Federal Reserve later this week. The onshore yuan CNY=CFXS finished the domestic trading session at 7.0179 per dollar, its weakest close since July 14, 2020, and 474 pips or 0.68% weaker than the previous late-night close of 6.9705. Its offshore counterpart CNH=D3 trad
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China's yuan eases ahead of bumper global central bank week

SHANGHAI, Sept 19 (Reuters) - China's yuan eased against the greenback on Monday and traded on the weaker side of the psychologically critical 7 per dollar level, pressured by Federal Reserve's widely anticipated interest rate hike late this week. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 6.9396 per dollar, 91 pips or 0.13% weaker than the previous fix of 6.9305 on Friday.
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About that 'hurricane'...

A look at the day ahead in U.S. and global markets from Mike Dolan. The approaching economic 'hurricane' that JPMorgan boss Jamie Dimon warned about in June is starting to blow hard around the world and global markets are hunkering down again. In a stark business readout late Thursday, global delivery firm FedEx FDX.N withdrew the financial forecast it issued just three months ago because it said the global demand slowdown had accelerated at the end of August and was on pace to worsen in the Nov
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S.Korean won gains as authorities seen stepping up; stocks fall

* KOSPI ends down 0.8%, posts fifth weekly loss * Korean won turns higher as authorities intervene * South Korean benchmark bond yield falls (Updates with closing prices, changes quote) By Jihoon Lee and Yena Park SEOUL, Sept 16 (Reuters) - South Korean shares closed lower on Friday, on heightened prospects of aggressive U.S. monetary tightening, but the won reversed early losses to end higher as authorities appeared to make an all-out effort to defend the psychological 1,400-mark.
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Rupee weakens for third day on Fed rate-hike jitters, yuan slide

By Nimesh Vora MUMBAI, Sept 16 (Reuters) - The Indian rupee extended its decline for a third straight day versus the dollar on Friday, tracking a Chinese-yuan led fall in Asian currencies on concerns over the pace of Federal Reserve's monetary tightening. The rupee INR=IN was quoting at 79.8250 per U.S. dollar by 0526 GMT, down from 79.6975 in the previous session.
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China's yuan weakens past key 7/dlr mark for first time in 2 years

SHANGHAI, Sept 16 (Reuters) - China's yuan weakened past the psychologically important 7 per U.S. dollar level for the first time in two years on Friday, pressured by a buoyant greenback and strong market expectations for an even more aggressive U.S. interest rate hike next week. Friday marked only the third time the tightly managed yuan has been allowed to breach the 7 mark since the global financial crisis of 2008, and in the past authorities have often been quick to step in and defend it.
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Australia, NZ dlrs on the ropes after another punishing week

By Wayne Cole SYDNEY, Sept 16 (Reuters) - The Australian and New Zealand dollars were under pressure on Friday as fears of a global downturn crushed commodity prices and inflicted another punishing week for risk sentiment. The Aussie was pinned at $0.6700 AUD=D3 , having shed 2.1% during a whipsaw week that saw it rise as high as $0.6915 at one stage.
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China's offshore yuan falls to two-year low of 7 per dollar

By Winni Zhou and Alun John SHANGHAI/LONDON, Sept 15 (Reuters) - China's yuan traded offshore weakened to 7 per dollar in European hours on Thursday, as markets continue to test authorities' willingness to defend the symbolic level. The yuan or renminbi (RMB) has been struggling, like most currencies in the face of a strengthening dollar. Korea's won and Japan's yen have also been under significant pressure.
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China's yuan slips but supported by firm fixings, pause in easing

SHANGHAI, Sept 15 (Reuters) - China's yuan slipped against a strengthening dollar on Thursday, but it drew support from persistently firmer-than-expected official midpoint fixings and a pause in the central bank's monetary easing efforts. The People's Bank of China (PBOC) partially rolled over maturing medium-term policy loans while maintaining the interest rate as expected, with hawkish U.S.
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China's yuan hits week low as large Fed hike looms

SHANGHAI, Sept 14 (Reuters) - China's yuan steadied after slipping to a one-week low early on Wednesday, as hotter-than-expected U.S. inflation raised bets for even more aggressive Federal Reserve tightening. The dollar index =USD recorded its biggest one-day percentage gain in two years after U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated.
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China's yuan near 1-week high ahead of U.S. data

SHANGHAI, Sept 13 (Reuters) - China's yuan hovered near a one-week high against the dollar on Tuesday, underpinned by firmer-than-expected central bank guidance, while investors anxiously awaited U.S. inflation data for more clues on Federal Reserve rate hikes. The dollar =USD steadied ahead of the U.S. consumer price index, which is due later in the session, which investors hope might show some signs of softening.
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