The Chosun Ilbo on MSN
Shinhan Economist: Exchange Rate Shift Driven by U.S. Stocks, Not Rates
In the past, when the U.S. Federal Reserve lowered interest rates, the won strengthened against the dollar. Now, this ...
The Chosun Ilbo on MSN
Shinhan Bank Economist: Exchange Rate No Longer Tied to U.S. Rates
In the past, when the U.S. Federal Reserve lowered interest rates, the won’s exchange rate against the dollar would decline.
BEIJING, July 2 (Reuters) - China will permit banks to set their own exchange rates for the yuan against the dollar in deals with clients, in a further step to relax controls to make the currency more ...
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