The central parity rate of the Chinese currency renminbi, or the yuan, strengthened by 11 basis points to 6.1137 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.
The Central Bank of Myanmar has decided to sell foreign exchange reserves at a set rate in a bid to facilitate import of fuel and edible oil and prevent unwanted hike in foreign currency exchange rate, sources with the central bank said Thursday.
New Zealand's central bank changed its official cash rate (OCR) for the first time in almost a year Thursday, cutting 25 basis points off to leave it at 3.25 percent.
Bank of Korea (BOK), South Korea's central bank, cut its policy rate Thursday to an all-time low of 1. 5 percent on concerns that the unabated spread of the Middle East Respiratory Syndrome (MERS) may erode the already lackluster economy.
South Korea posted the largest monthly job creation in five months, showing signs of labor market recovery, a government report showed Wednesday.
U.S. law enforcement officials have shot and killed at least 385 people so far this year, a rate of more than two per day, The Washington Post has reported.
U.S. stocks suffered big losses on Tuesday, as investors digested a string of data releases and Federal Reserve Chair Janet Yellen's speech.
South Korea's central bank fell into a deeper dilemma after U.S. Federal Reserve Chair Janet Yellen's comments indicated a rate hike within this year.
South Korea added new jobs by the lowest rate in 26 months in April, with its jobless rate unchanged at 3.9 percent from a year earlier, a government report showed on Wednesday.
At first glance, Sunday's interest cut announced by China's central bank has broad implications for an economy facing significant downward pressure. But it could also make a difference for regular citizens.
At first glance, Sunday's interest cut announced by China's central bank has broad implications for an economy facing significant downward pressure. But it could also make a difference for regular citizens.
China's yuan strengthened to its strongest level in 14 months against the U.S. dollar on Thursday, however, with further easing policies expected the upside is seen as limited, analysts said.
Job growth in South Korea fell to the lowest in 22 months on the back of the highest jobless rate among youths, a government report said on Wednesday.
South Korea's central bank decided on Thursday to keep the benchmark interest rate after cutting it to an all-time low in March, on worries about surging household debts and the potential foreign capital exodus.
South Korea's central bank on Thursday cut its benchmark interest rate by 25 basis points to an all-time low of 1.75 percent.
South Korean shares fell sharply Monday on concerns that the U.S. Federal Reserve may hike interest rates earlier than anticipated after better-than-expected employment data.
The People's Bank of China (PBoC) last Saturday announced to lower benchmark interest rate for the second time, as well as to raise the ceiling that determines the maximum rate that bank can offer to 1.3 times the benchmark.
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