China's Yuan Hits 15-year Low After Xi Extends Rule
The onshore yuan fell as much as 0.6 percent to 7.3084 per dollar, its weakest level since December 2007 and close to the lower limit of the trading band set by the central bank on Tuesday.
Most Asian Markets Up On Rate Hopes But China Fear Casts Shadow
The yen fluctuated against the dollar as speculation swirled that Japanese authorities had stepped into forex markets again to support their currency for a second time in as many sessions.
Asian Markets Mixed As Traders Struggle To Keep Rally's Momentum
Forex traders were also keeping tabs on the yen as it edges closer to 150 per dollar, with Japanese officials holding off a second intervention in as many months but saying they are ready to act when necessary.
Market Turmoil A Boon For Trend-following Hedge Funds
They have thrived in markets whipped around by soaring inflation, high interest rates and the energy shock.
