China’s yuan recovers some ground in pre-holiday trade after one-day plunge

SHANGHAI (Reuters) – The Chinese yuan regained some ground on Friday after its biggest one-day weakness in more than seven months, although trading eased as the Lunar New Year holiday approached. After a sharp decline on Thursday, the People’s Bank of China set the daily midpoint of the yuan fixing at 6.3746 to the dollar … Read more

U.S. appeals court throws out Deutsche Bank traders’ Libor-rigging convictions

NEW YORK (Reuters) – A US appeals court on Thursday overturned the convictions of two former Deutsche Bank traders for forging Libor, which was among the world’s most important financial standards, and ordered the two men acquitted. . The U.S. Court of Appeals for the Second Circuit in Manhattan found a lack of evidence that … Read more

Dollar finds a footing as traders brace for hawkish Fed

Illustrative photo of the US dollar, Swiss franc, British pound and euro banknotes, taken in Warsaw on January 26, 2011. REUTERS/Kacper Pembel/File Photo Register now to get free unlimited access to Reuters.com Register The dollar maintains Friday’s jump in Asia Rebound extends to 114.45 yen; Federal Funds Futures Drops China offers surprise 10 basis points … Read more