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TOKYO-The U.S. dollar was almost unchanged against the yen and the euro in Asian trade Friday, as investor sentiment improved on signs of stability in the Chinese currency.

The daily reference rate was set at 6.3975 yuan to $1.0, from 6.4010 the previous day, the China Foreign Exchange Trade System said.

China on Friday raised the reference rate for its yuan currency against the U.S. dollar by 0.05 percent, after allowing the yuan to nosedive which triggered concerns of a currency war.

Asian stock markets stabilized Thursday as the fall in the Chinese yuan slowed and the country’s central bank tried to dampen speculation of further devaluation.

A man walks past a display showing stock prices in Tokyo August 12, 2015.

He said the statements alleviated concerns of a currency war. On Thursday, the central bank tried to ease fears of more big declines, saying the yuan was close to “market levels”. Shares sank Wednesday, August 12, 2015, as China let its currency fall for a second day...

The PBOC also said on Thursday that it would monitor “abnormal” cross-border flows after the devaluation raised fears that investors would seek to pull capital out of China in anticipation of further falls in the currency.

Whatever you choose to call it, China’s currency this week roiled global markets after the central bank’s sudden move to devalue it. The decision sparked fears of a new currency war and even drew the ire of Republican presidential candidate Donald Trump.

HONG KONG (AP) – World stock markets rebounded Thursday as the fall in the Chinese yuan slowed and the country’s central bank tried to dampen speculation of further devaluation.

Hence the 4 percent fall in China’s yuan in the last two days will not change the course of business dynamics between the two nations majorly.

Vietnam allowed the nation’s currency, the dong, to trade in a wider range, adding flexibility which could insulate the country’s exporters from China’s moves, while the Malaysian ringgit and the Indonesian rupiah both fell to their lowest levels since the 1998...

After China’s surprise devaluation of the yuan, U.S. financial markets have slightly pushed rate hike expectations to December. Neither of these has reached a satisfactory level by Fed measures.

Sources said the move to devalue the yuan reflects a growing clamour within Chinese government circles for a devaluation of perhaps up to 10% to help its struggling exporters.

HTC has not disclosed where the majority of the job cuts will be coming from, but we imagine front-line manufacturing positions will be the first to go as sales of HTC smartphone continue to drop.

Shares in exporters such as Caterpillar and General Electric fell in the market rout this week, though many economists say the yuan’s drop so far isn’t significant enough to do much damage. It dropped another 1.6 percent on Wednesday.