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Most Asian units slip as trade tensions weigh
Most emerging Asian currencies weakened against a sturdy dollar on Tuesday as investors fretted over the outcome of Sino-US trade talks, while weak economic data sent the Indian rupee tumbling.
Erdogan urges trade in national currencies
Turkish President Recep Tayyip Erdogan has called for a wider use of national currencies in mutual trade with other countries as a necessary step to move away from the dollar and accordingly dodge US pressures.
IMF members pledge to avoid using currencies as trade weapon
The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth.
Receding risk aversion drives dollar  lower against most major currencies
The US Dollar finished lower against a basket of major currencies last week after an easing of tensions over the trade dispute between the United States and China encouraged investors to lift dollar hedges. The Reserve Bank of Australia (RBA) warned on risks to its outlook from US-China trade tensions and weak wages, while reaffirming its next interest rate move would likely be a hike. The New Zealand Dollar was boosted after data showed its economy grew at a faster pace than expected in the second quarter. The Bank of Japan (BoJ) reiterated last Wednesday that it would keep interest rates extremely low “for an extended period,” holding to forward guidance it first introduced in July.
Dollar out, Yuan in: Iran changes benchmark currencies
Iran has removed the US Dollar from its official currency rate reporting platform and replaced it with China’s Yuan in an effort that the media in Tehran say could be a key step toward ditching the greenback in trade.
Emerging market rally leaves currencies behind
On the face of it, 2017 has been a fantastic year for all emerging market asset classes.
Asia currencies hit by ECB easing
Though Asian currencies were hit by the European Central Bank’s latest stratagem, stock markets mostly rose.
Iran, Turkey planning to trade in national currencies
Deputy industry minister announced the possibility of Iran-Turkey trade using rial and Turkish lira.
Emerging-market currencies set for strongest week
Emerging-market currencies and stocks headed for their best week since October as rising commodity prices lure investors and on expectations Chinese leaders will seek to promote stability in the yuan.
Emerging markets: Deeper into the red
When China Shanshui Cement embarked on a borrowing spree in 2011, its managers could not have known that they had set in motion a chain of events that would lead to the company’s default last week on Rmb2 billion ($315 million) of short-term bonds, in all likelihood setting off a cross-default affecting debts totaling $3 billion.

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