Tag: yuan
US dollar flat, but on track for eight straight weeks of gains; yuan sinks
U.S dollar's eight-week winning streak is longest since 2014But dollar index weekly gains getting smaller -analystChina's onshore yuan hits 2007 lowCa [...]
FOREX-US dollar flat, but on track for eight straight weeks of gains; yuan sinks
(Adds analyst comment, updates prices) * U.S dollar's eight-week winning streak is longest since 2014 * But dollar index weekly gains getting smaller [...]
REFILE-FOREX-US dollar falls, but on pace for eight straight weeks of gains; yuan slumps
(Adds dropped word "the" in the quote in the third paragraph) * U.S dollar index 8-week winning streak, longest since 2014 * But dollar index weekly g [...]
Yuan misery to end the week for China
USD/CNY daily chartUSD/CNY is now trading above 7.34 and that is the highest level for the pair in 15 years. The mounting pressure on the Chinese econ [...]
Asia FX muted, Chinese yuan hits 2008 low as U.S. tensions weigh By Investing.com
Investing.com-- Most Asian currencies moved little on Friday as weak data from Japan ramped up concerns over slowing global economic growth, [...]
ForexLive Asia-Pacific FX news wrap: PboC struggle to hold the line on yuan
The
People’s Bank of China once again set the USD/CNY reference rate
more than 1100 points lower than the modelled estimate. The
difference today was [...]
Digital yuan payment option must be offered in retail scenarios
While China’s central bank digital currency (CBDC) goes through technological and business model upgrades, the market should provide an opportunity to [...]
Multiple China banks cut Yuan deposit rates, likely lowering interest rates on existing mortgages
A slew of China banks cut interest rates on Yuan deposits early Friday while citing the readiness to ease the pressure from lower mortgage ra [...]
China to cut banks’ FX reserve ratio to rein in yuan weakness
The headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. REUTERS/Jason Lee/File Photo Acqui [...]
China Tries to Support Weak Yuan (CNY USD) With Forex Reserve Ratio Cut
China reduced the amount of foreign currency deposits banks are required to hold as reserves for the first time this year, in a more visible step to p [...]
China to cut banks’ FX reserve ratio to rein in yuan weakness
SHANGHAI/SINGAPORE: China's central bank said on Friday it will cut [...]
Exclusive-Chinese exporters using currency swaps to retain dollars as yuan sags By Reuters
SHANGHAI/SINGAPORE (Reuters) - Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings in [...]
Asia FX sinks, yuan near 1-yr low after rate cut misses expectations By Investing.com
© Reuters.
Investing.com-- Most Asian currencies fell on Monday, with China’s yuan leading losses after a smaller-than-expected cut from the P [...]
USD/CNY: Yuan Drop Belies More Trouble Ahead for China – Forex Factory
USD/CNY: Yuan Drop Belies More Trouble Ahead for China Forex Factory
www.forexfactory.com [...]
ForexLive European FX news wrap: Dollar eases on yuan rebound, yields stay elevated
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities marginally lower; S&P 500 futures up 0.2%US 10-year yields up 3.8 bps to 4.295%G [...]