Tag: Strong Dollar

Despite Beijing’s Efforts, the Yuan Continues to Plummet

Despite Beijing’s Efforts, the Yuan Continues to Plummet

Attempts by Beijing to stem or reverse the fall of the yuan appear increasingly futile as the currency continues its depreciation against the dollar, reversing gains it had made in trading sessions on January 4 and 5. The yuan had managed to increase its position against the U.S. dollar as Beijing announced new measures to … Continue reading Despite Beijing’s Efforts, the Yuan Continues to Plummet

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Gold Falls on Stronger Dollar

Gold and other dollar-denominated commodities fell as the dollar rose on strong wage growth figures released Friday, from December 2016's jobs report. Despite a slight increase in joblessness, with a rise from the 4.6% unemployment rateĀ in November 2016, to 4.7% in December, wage growth propelled the dollar upward, reversing many of the losses it has … Continue reading Gold Falls on Stronger Dollar