Dollar recoups losses; weak China inflation data dents Aussie, yuan
The dollar index , which tracks the greenback against a basket of major peers, was up 0.15% at 102.44 having tumbled 0.87% on Friday, after Uincreased 209,000 in June, missing market expectations for the first time in 15 months.
The dollar rose as much as 0.55% against the Japanese yen and was last up 0.06% at 142.31 having slid nearly 1.3% on Friday. For markets focused on the outlook for central bank policy, particularly the U.S. Federal Reserve, the focus now turns to U.S. inflation data due on Wednesday, where expectations are for core CPI to have risen 5% on an annual basis in June.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar softens, China's yuan draws support from stimulus hopesThe dollar was on the defensive on Monday as investors scaled back expectations over how much further U.S. interest rates would rise after U.S. jobs data showed the smallest increase in 2-1/2 years.
Read more »
Dollar recoups losses; weak China inflation data dents Aussie, yuanThe dollar clawed back its losses on Monday, recovering from a knee-jerk reaction to data showing U.S. job gains were the smallest in two-and-a-half years, while disappointing inflation figures in China weighed on the yuan and proxies.
Read more »
Yellen urges US-China cooperation on economy, climate - SABC NewsUnited States (US) Treasury Secretary Janet Yellen urged closer communication between China and the United States on Saturday to improve economic decision-making and challenged China to join global initiatives to help poorer nations address climate change.
Read more »
China hits tech firms with hefty fines as crackdown draws to closeChinese regulators said Friday they had fined fintech giant Ant Group almost $1-billion for 'illegal acts' and handed an affiliate of rival Tencent a penalty.
Read more »
Biden warned China's Xi on West's investment after Putin meeting - SABC NewsUS President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment, according to excerpts from an interview with CNN.
Read more »
Yellen says US-China ties on 'surer footing'US Treasury Secretary Janet Yellen said that her talks with top Chinese officials have put ties on 'surer footing'.
Read more »