Currencies News

Yen Falls Toward Seven-Year Low as Central Banks Expand Stimulus

9:46 am ET

The yen dropped to almost a seven- year low versus the dollar as central banks worldwide add to monetary stimulus, damping demand for low-yielding haven assets such as Japan’s.

PBOC Seen Fueling Old China as Banks Hold Key to Policy: Economy

4:17 am ET

China’s central bank said its surprise move to cut interest rates for the first time since 2012 is designed to help small firms and protect depositors instead of all-out monetary easing. How the nation’s lenders respond will determine if it works out that way.

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