President Joe Biden on Monday said that he did not believe China was making immediate plans to invade Taiwan and that Washington and Beijing need not enter a cold war. Read more
Tag: CNYUSD
U.S. Treasury says currency-market intervention should be reserved for ‘very exceptional circumstances’ in response to Japan’s September move
The U.S. Treasury Department on Thursday said it expects currency-market interventions, like Japan’s in September, should be reserved for exceptional circumstances, as it kept Tokyo on a list of partners Read more
Markets on watch as China’s Party congress kicks off this weekend. What investors need to know.
Investors have been battered by China’s economic slowdown, due in large part to a stubborn strain of COVID-19 that has rippled through the country this year which forced hundreds of Read more
What does a strong dollar mean for crypto?
The U.S. dollar’s ongoing strength could put more downward pressure on crypto prices, which have already suffered along with other risk assets, as bitcoin lost almost 60% of its value Read more