The dollar wallowed at three-week lows against a basket of major currencies early on Thursday, following weak U.S growth data for the first quarter.
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Bitcoin's price lost 14 percent over the weekend as BTC China confirmed that transactions have been affected by a clampdown from the Chinese government.
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As China's first quarter growth hits 18 month low, Helen Qiao of Morgan Stanley and Hu Yifan of Haitong International discuss what to expect from the following quarters along with the nation's reforms agenda and its mounting corporate credit default woes.
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China needs to demonstrate that they are on the path of a market-determined exchange rate, says Treasury Secretary Jack Lew weighing in on what China needs to do to take its place on the world's economic stage.
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For those Chinese firms positioned for a strengthening currency, the recent yuan weakening may spell significant earnings hit, analysts at Nomura say.
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Bitcoin showed further volatility Thursday as reports of a clampdown on the virtual currency by China's central bank sent investors rushing for the doors.
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The U.K. is to to set up a renminbi clearing bank in London, as Britain tries to become the central hub for Chinese investment outside of Asia.
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Barney Singer, head of emerging market FX trading at Nomura, says despite a bearish outlook on China, the Aussie dollar is likely to move higher as the country's economy looks strong.
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Ian Stannard, head of European foreign exchange strategy at Morgan Stanley, warns that recent volatility in the Chinese currency market is having a "significant negative impact" on credit conditions.
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The Chinese yuan posted its biggest one-day fall on Monday, while a fall in short-term interest rates fueled talk that China's central bank may be easing monetary policy. CNBC's Deirdre Wang Morris tells us more.
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CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Disappointing China data dominated the markets, which drove oil down. Copper was down, as well. Gold closed up about $3 on the day.
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