Forex

Turkish Lira's Devaluation Will Turn Around by Diversified Cooperation, Consul-General Says

Turkish Lira's Devaluation Will Turn Around by Diversified Cooperation, Consul-General Says

The depreciation of the Turkish lira is a "political issue," mainly owing to the external pressure posed by US President Donald…

Aug 16, 2018
Pan Yinru
PBOC Weakens Yuan Most in Nine Days, Setting It at Lowest Versus Dollar in a Year

PBOC Weakens Yuan Most in Nine Days, Setting It at Lowest Versus Dollar in a Year

PBOC Weakens Yuan Most in Nine Days, Setting It at Lowest Versus Dollar in a Year

Aug 13, 2018
Xu Wei
Yuan's Internationalization Takes Years, Includes Trade-Offs, Former PBOC Chief Says

Yuan's Internationalization Takes Years, Includes Trade-Offs, Former PBOC Chief Says

Yuan's Internationalization Takes Years, Includes Trade-Offs, Former PBOC Chief Says. The internationalization of the yuan should be carried out in…

Aug 13, 2018
Song Yikang
[Exclusive] China Should Complete Forex Reform ASAP, Ex-Central Bank Advisor Says

[Exclusive] China Should Complete Forex Reform ASAP, Ex-Central Bank Advisor Says

The Chinese government should adopt a floating exchange rate for the yuan as quickly as possible, as there is no…

Aug 10, 2018
Yang Yanqing & Song Yikang & Hou Xintong
Beijing Hasn’t Intervened With Yuan Exchange Rate, Ex-SAFE Director Says

Beijing Hasn’t Intervened With Yuan Exchange Rate, Ex-SAFE Director Says

The yuan might be struggling against the dollar, but China is not using a significant amount of its foreign reserves…

Aug 8, 2018
She Qingqi & Song Yikang
Yuan Won’t Weaken Drastically This Month, China’s Chief Economists Predict

Yuan Won’t Weaken Drastically This Month, China’s Chief Economists Predict

The Yicai Chief Economist Confidence Index, which monitors how top thinkers believe the Chinese economy performed in the month prior…

Aug 8, 2018
He Xiao
Yuan’s Depreciation Is Inevitable But Market Will Remain Stable, Insiders Say

Yuan’s Depreciation Is Inevitable But Market Will Remain Stable, Insiders Say

The yuan’s depreciation is inevitable given the strength of the dollar and discrepancies between the Chinese and American interest rates,…

Aug 7, 2018
Zhou Ailin
Latest Yuan-Dollar Central Parity Unrest Differs From 811 Devaluation Exodus

Latest Yuan-Dollar Central Parity Unrest Differs From 811 Devaluation Exodus

China's currency has weakened from the psychological upper level of 6.7 versus the US dollar, sliding past the 6.8 mark…

Aug 2, 2018
Zhou Ailin & Song Yikang
China Fixes Yuan at Lowest in Over a Year After Rebuffing Trump’s Currency Charge

China Fixes Yuan at Lowest in Over a Year After Rebuffing Trump’s Currency Charge

The People’s Bank of China set the yuan’s central parity rate against the US dollar at the lowest for more…

Jul 24, 2018
Xu Wei
Yuan Suffers Steepest Drop Versus Dollar in Nearly Three Years

Yuan Suffers Steepest Drop Versus Dollar in Nearly Three Years

Yuan Suffers Biggest Hit Against Dollar in Nearly Three Years

Jul 20, 2018
Xu Wei
Yuan-Dollar Parity Rate Softens to Nearly One-Year Low

Yuan-Dollar Parity Rate Softens to Nearly One-Year Low

Yuan-Dollar Parity Rate Softens to Nearly One-Year Low. The yuan’s parity rate against the dollar hit its weakest value in almost a year today.

Jul 17, 2018
Xu Wei
China's Wealth Fund Posts Its Best Annual Performance, Hungry for More US Stakes

China's Wealth Fund Posts Its Best Annual Performance, Hungry for More US Stakes

China's Wealth Fund Posts Its Best Annual Performance, Hungry for More US Stakes. China Investment Corp., the country's USD941 billion sovereign…

Jul 9, 2018
Liao Shumin