China Oct services trade deficit narrows to $14.1 bln - FX regulator BEIJING, Nov 30- China's trade deficit in services narrowed to $14.1 billion in October compared with $22.7 billion in September, the foreign exchange regulator said on Monday. For January-to-October, China had a services trade deficit of $172.3 billion, the State Administration of Foreign Exchange said in a statement. China had a $59.8 billion surplus on...
IMF's yuan inclusion signals less risk taking in China SHANGHAI/ NEW YORK, Nov 30- When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod. By acknowledging the yuan as a major global currency alongside the dollar, euro, yen, and pound, as is widely expected, IMF members will...
| By: Pete Sweeney and Krista Hughes
FOREX-Dollar hits 8-month high as easing fears hammer euro, franc NEW YORK, Nov 27- The dollar hit an eight-month high against a basket of currencies on Friday as speculation the Swiss National Bank could follow the European Central Bank in cutting deposit rates further pushed major competitors lower. The euro, under pressure all week from expectations the ECB will also loosen policy further to support the euro zone economy,...
| By: Dion Rabouin
Markets getting back to business Hank Smith, Chief Investment Officer at Haverford Trust, and Boris Schlossberg, Managing Director of FX Strategy at BK Asset Management, share their outlook on the markets and economy.
EMERGING MARKETS-Stocks, currencies rack up weekly losses on China, domestic woes LONDON, Nov 27- Emerging market assets ended the week on a sour note, with major stocks and currencies chalking up daily and weekly losses as domestic woes were compounded by new worries over the health of the Chinese economy. MSCI's broadest emerging market equity index fell 1.2 percent on the day and was on track for an almost 2 percent weekly loss.
| By: Karin Strohecker