The Chinese currency weakened sharply in the offshore market on Wednesday as companies continued to unwind their long yuan positions even as interbank liquidity showed marked signs of deterioration.**
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European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.
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If the price of gold falls below $1,600 and investors pull back from risky assets, the US dollar could appreciate by as much as 30 percent, Ron William, a technical strategist at MIG Bank, told CNBC
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The level of suspicious trading ahead of UK mergers and acquisitions fell sharply last year to 21 percent, the lowest level since 2003, as regulators around the world intensified efforts to combat insider trading, the FT reported.
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