It's about time the yuan started to head back up against the dollar. After all, things don't look that bad for China's economy, some analysts say.
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Jesper Bargmann, Head of Trading Markets, Singapore at Nordea, explains why he expects the Chinese currency to strengthen towards the end of the year.
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Ian Stannard, head of European FX strategy at Morgan Stanley, says if the European Central Bank does not take any policy action at its next meeting, the euro will "rebound".
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The dollar is likely to rebound this week on expectations that the Fed will approve a "gradual" withdrawal of bond purchases, according to a CNBC poll.
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The U.S. dollar got off to a flying start in Asia on Thursday hitting its highest in nearly a week against a basket of major currencies after the euro was downed by talk of more European Central Bank policy easing.
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Aaron Gurwitz, CIO of Barclays Wealth Management, told CNBC why he thinks the single currency could eventually rise back to 1.50 euros against the dollar.
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June's surprise pickup in manufacturing activity makes it more likely the economy's soft patch is the result of temporary forces, and growth should pick up in the second half, economists say
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Gold was little changed on Thursday and silver extended gains from the previous session, when commodities posted their biggest rise in two months after a recent sell-off, as a weaker dollar lent support.
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