SHANGHAI, April 23 (Reuters) - China's yuan inched up against the U.S. dollar on Monday, as a much weakened official yuan midpoint prompted corporate dollar selling to prevent the yuan breaching a key threshold, traders said.
moreApril 23 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0144 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 107.810 107.65 -0.15 Sing dlr 1.316 1.3161 -0.02 Taiwan dlr 29.458 ...
moreSkeptics said that it is not enough to launch the currency into the orbit, it's vital to support it,” he told RT. “And just several weeks ago, China made another breakthrough, launching national yuan-denominated crude futures and gold futures contracts ...
more| 18 Apr 2018 02:41 | The Business Times |
UNITED Overseas Bank (China) has priced its three-year onshore Chinese yuan financial bond on Apr 13 through the China Interbank Market (CIBM), with the one billion yuan (S$208.6 million) offering seeing an oversubscription rate of 2.86 times.
moreDevaluation is performed by a central bank or through other official channels. This contrasts with depreciation of a currency, where the foreign exchange market sets its value. Many analysts say China will be loath to let the yuan depreciate or use it ...
moreAs China plans to further open up its market and promote free global trade and investment, the yuan is expected to play a greater global role.
moreBEIJING, March 2 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, advanced against the U.S.
more| 26 Feb 2018 15:15 | Bloomberg |
China's exporters are shrugging off the surging yuan, even as it nears its strongest level since 2015. Growth in outbound shipments is expected to build on January's double-digit increase to climb 6 percent in 2018, though the yuan has posted a 9 ...
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