WASHINGTON, Jan 19 (Reuters) - The U. Treasury would recommend China be considered a currency manipulator if Beijing began unfairly managing the yuan's value, President-elect Donald Trump's nominee to run the Treasury department, Steven Mnuchin, said on Thursday.
EDT (2124 GMT), the greenback was 0. 96 yen, according to Reuters data. 02 percent weaker compared with the Japanese currency, which traders favor as a safe-haven asset, at 110. (Reporting by Saqib Iqbal Ahmed and Richard Leong Editing by James Dalgleish)
The small increase of foreign exchange reserves in June was due to a fall in non-dollar currencies against the greenback and asset price changes, the forex regulator said in a statement following the June data release.
ANKARA, Jan 10 (Reuters) - Weakness in the Turkish lira is a result of manipulation and there is no room for pessimism, Deputy Prime Minister Numan Kurtulmus said on Tuesday, adding that he hoped forex levels would go back to normal once the manipulation stops.
Guo Song, another SAFE official, said rapid rises in outbound investment have had an impact on cross-border capital flows, but the government will support "genuine" overseas mergers and acquisitions by Chinese firms.
The spokesperson said that in a phone call with Lagarde, Mnuchin also "noted the importance that the administration places on boosting economic growth and jobs in the United States, and looked forward to robust IMF economic policy advice on its member countries and tackling global imbalances. " (Reporting by David Lawder; Editing by Chizu Nomiyama)
Senate hearing if he would recommend Trump formally designate China a currency manipulator if it started manipulating its currency again, Mnuchin said: "I would. " (Reporting by Jason Lange and Lisa Lambert; Editing by Chizu Nomiyama)
(Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong) China's foreign exchange reserves rose in October for a ninth straight month, but at a slower pace than market expectations, as tighter regulations and a stronger yuan continued to discourage capital outflows.
BEIJING, May 3 (Reuters) - China will boost authenticity and compliance checks on trade and investment this year, its forex regulator said on Wednesday, and increase checks and punishment on illegal forex activities.
The lender has since uncovered other problems, including with auto loans, life insurance and mortgages. bank has been trying to recover from a sales scandal over as many as 3. 5 million fake accounts created by its employees in an effort to meet aggressive sales targets.
(Reporting by Elena Fabrichnaya; Writing by Alexander Winning; Editing by Maria Kiselyova) Some analysts have recently pointed to possible problems with dollar liquidity on the Russian money market, citing rising rates on forex swaps.
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BEIJING, Oct 9 (Reuters) - China's cross-border capital flows remained stable in September and the overall appreciation of foreign exchange reserves' investments helped boost the value of forex reserves last month, the regulator said on Monday.
The Commission said in a statement Citi would pay a fine of 69. 5 million rand ($5 million), less than the 10 percent of South African annual turnover that it said banks would pay because it "undertook to cooperate with the Commission.
BEIJING, Nov 30 (Reuters) - China's central bank said on Thursday that its holdings of short foreign currency positions in forwards and futures versus the yuan were zero at the end of October, unchanged from September.
China's foreign exchange reserves fell for a fifth straight month in November to the lowest since March 2011, amid worries authorities are tightening controls of capital flows as the yuan slides to more than 8-year lows versus the dollar.
Valery Smirnov, a senior analyst at the central bank, said the regulator also did not expect any deterioration of the FX liquidity situation next year. (Reporting by Elena Fabrichnaya; writing by Maria Kiselyova; editing by Katya Golubkova/Jeremy Gaunt)
TOKYO, Jan 18 (Reuters) - Japan's top government spokesman said on Wednesday that stability in the foreign exchange market is very important and the government wants to closely monitor markets with a sense of urgency.
Fluctuations in China's forex reserve levels are normal given a complicated internal and external economic environment, the State Administration of Foreign Exchange(SAFE) said in a statement after reserves data was released.
presidential election showed the outcome was too close to call. (Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher) The dollar sank more than 3 percent versus the yen on Wednesday as a fiercely contested U.