Currencies News

ICAP Glitch Showing Yuan Plunging 8.8% Fuels Trader Jitters (3)

2:29 pm ET

Yuan investors -- already nervous about Donald Trump’s focus on China’s currency policy -- got a shock Tuesday when ICAP Plc data incorrectly showed the currency sinking to 7.5 per dollar.

Yuan Rises for a Second Day as Fixing Signals Government Support

12:07 pm ET

China’s yuan rose for a second day after an unexpectedly strong central bank fixing spurred speculation that policy makers are supporting the currency.

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