A sharp rise in China's yuan currency might cut the U.S. trade deficit by as much as one third and* create enough American jobs to put at least a modest dent in the unemployment rate.* more...

A U.S. bill to pressure China into letting its currency rise in value, which has drawn warnings from Beijing of a possible trade war, ran into opposition from the top Republican in Congress on Tuesday. more...

The Obama administration has begun discussions with the Senate about whether a bill aimed at forcing China to let its currency rise is "the right approach" to the long-running currency issue, a top U.S. official said Tuesday. more...

John Frisbie, President of U.S.-China Business Council says currency legislation is the wrong way to get a market-driven exchange rate. more...

Hong Kong doubled the quota for settling cross-border yuan trade to 8 billion yuan ($1.25 billion) for the last quarter, in response to a squeeze in interbank liquidity in the offshore yuan market caused by global selloffs. more...

Letting the yuan appreciate cannot solve the U.S. trade imbalance with China, the Foreign Ministry said on Friday, hitting back at planned U.S. Senate legislation aimed at forcing Beijing to loosen controls on its currency.* more...

A bipartisan group of U.S. senators on Thursday predicted the Senate would overwhelmingly pass a bill next month to crack down on China currency practices they blame for millions of lost American jobs. more...

Legislation aimed at pressing China to let its yuan currency rise has been propelled to the top of the U.S. Senate's agenda by concern about manufacturing job losses and anxiety about impending votes on three free-trade agreements. more...

China's central bank and other financial institutions spent 376.9 billion yuan ($59 billion) buying foreign currencies in August, a five-month high and a 71.6 percent jump from July, according to official data published on Wednesday. more...

The undervalued yuan gives China an "unfair advantage", Gary Locke, US ambassador to China, told CNBC. more...

China will not permit a significant appreciation of its currency even if the United States passes a bill forcing China to do so, the official Xinhua news agency said in an editorial on Friday. more...

France's top banks are bracing themselves for a likely credit rating downgrade from Moody's, sources close to the situation said, further complicating their efforts to assure investors they are riding out the tensions in funding markets.* more...

China needs to float its currency in order to minimize financial imbalances that can cause another global recession, Australian Treasurer and Deputy Prime Minister Wayne Swan told CNBC on Tuesday. more...

Chinese policymakers are tolerating moderately faster yuan appreciation to help curb inflation, though there is a limit to how much they will stomach if currency strength starts to hurt the vast export sector and the broader economy. more...

The People's Bank of China set the yuan's mid-point at another record high on Thursday, marking the biggest two-day rise in the reference rate since early 2008, and prompting speculation among offshore forwards traders that it could be about to shift policy on the currency. more...

China's central bank has halted offshore yuan borrowing by domestic companies, official media reported, a move seen as an attempt to clamp down on hot money flows at a time when the authorities are still tightening policy. more...

Peter Lai, Director at DBS Vickers Securities more...

The yuan hit an all-time high versus the dollar for a sixth straight trading day on Wednesday, as the People's Bank of China took advantage of a weak dollar to engineer further appreciation in the Chinese currency. more...

The International Monetary Fund said on Wednesday it remains concerned with the potential for a property price bubble in China even though the country's elevated inflation rate may peak within the next month or two. more...

Caterpillar sold $355 million of yuan-denominated bonds on Wednesday in the biggest deal by a foreign multinational company in the offshore renminbi market, a sign that Western companies are gaining confidence about China's currency experiment. more...