CNBC's Mary Thompson reports on bitcoin's precipitous overnight drop. The digital currency fell nearly 50 percent from its high of $1200 earlier this month.
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China is banning its banks from dealing with bitcoins, warning that the virtual currency could be used for speculation and or even money laundering.
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CNBC's Mary Thompson reports that Chinese authorities are restricting banks use of bitcoins, but ordinary people can use the virtual currency at their own risk.
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Commodity currencies were the star performers early in Asia on Monday in what would otherwise have been a featureless start to a heavy week of central bank policy meetings.
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Simon Derrick, Chief Currency Strategist at BNY Mellon highlights the importance of the PBOC's move to widen the yuan's trading band and explains how that will be dollar negative.
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The Aussie dollar has rallied over the past two months, but some analysts believe the re-emergence of fears over China could cut the rally short.
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China is to further internationalize its currency by allowing Singapore-based investors to buy renminbi-denominated securities. The FT reports.
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Hartmut Issel, Head of Wealth Management Research Singapore at UBS explains why he remains bullish on US high yield and bearish on China over the next six months.
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Talk that China could widen the trading band for the yuan is once again doing the rounds, with some analysts saying a move could come as early as this weekend.
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Boris Schlossberg, managing director at BK Asset Management, explains that the Chinese slowdown, reflected in recent PMI data, will impact profits and currencies.
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