RMB

Chinese, Filipino Banks Team Up for Easier Currency Exchange

Chinese, Filipino Banks Team Up for Easier Currency Exchange

Chinese, Filipino Banks Team Up for Easier Currency Exchange

Oct 31, 2018
Liao Shumin
China Sets Yuan’s Central Parity Rate at Lowest in 10 Years

China Sets Yuan’s Central Parity Rate at Lowest in 10 Years

China’s central bank today fixed the yuan’s trading midpoint 197 basis points lower at 6.9574 versus the US dollar, the weakest level since May 2008.

Oct 30, 2018
Xu Wei
PBOC Warns Short Sellers Not to Play With the Weakening Yuan

PBOC Warns Short Sellers Not to Play With the Weakening Yuan

China's central bank has voiced a veiled warning for those who wish to short sell the Chinese yuan as the currency keeps on facing depreciation pressures.

Oct 29, 2018
Zhou Ailin & Xu Yanyan
China, Japan Break Five-Year Forex Swap Breather to Boost Business

China, Japan Break Five-Year Forex Swap Breather to Boost Business

China and Japan have ended a long hiatus in currency exchange between the two countries on Japanese Prime Minister Shinzo Abe’s visit to Beijing.

Oct 26, 2018
Xu Wei
Jim Rogers Exits US Markets, Buys Chinese Stocks

Jim Rogers Exits US Markets, Buys Chinese Stocks

World-renowned investor Jim Rogers said he’s sold his entire portfolio of US equities and switched into Chinese stocks.

Oct 25, 2018
Xu Wei
Yuan-Dollar Central Parity Rate Falls to New Low

Yuan-Dollar Central Parity Rate Falls to New Low

China’s central parity rate of the yuan against the dollar has fallen again to hit its lowest level since January last year at 6.9409, down 52 points from the previous trading day.

Oct 25, 2018
Xu Wei
US Treasury Again Clears China of Rigging Currency

US Treasury Again Clears China of Rigging Currency

China does not manipulate the exchange rate of its currency the yuan to gain unfair trade advantages, the US…

Oct 18, 2018
Xu Wei
Global Governments May Snap Up Cheap Yuan to Boost Forex Reserves, Chinese Research Head Says

Global Governments May Snap Up Cheap Yuan to Boost Forex Reserves, Chinese Research Head Says

Governments around the world will increase their holdings of Chinese yuan as official foreign exchange reserves, and its short-term depreciation…

Oct 11, 2018
Xu Yanyan
Yuan-Dollar Central Parity Rate Falls to 19-Month Trough

Yuan-Dollar Central Parity Rate Falls to 19-Month Trough

The central parity rate of the Chinese yuan against the US dollar has continued to fall for a seventh consecutive days hitting a 19-month low.

Oct 10, 2018
Xu Wei
Yuan-Dollar Central Parity Rate Falls to 17-Month Low

Yuan-Dollar Central Parity Rate Falls to 17-Month Low

The central parity rate of the Chinese yuan against the US dollar has continued its descent, hitting a 17-month trough, though some analysts do not expect further significant falls in the future.

Oct 9, 2018
Xu Wei
Yuan Falls to Seven-Week Low Against Dollar on Fed Chairman’s Comments

Yuan Falls to Seven-Week Low Against Dollar on Fed Chairman’s Comments

The Chinese yuan fell to its lowest rate against the dollar in almost two months following comments from US Federal…

Oct 5, 2018
Xu Wei
Chinese Yuan Weakens to Over One-Month Low After US Fed Pushes Up Rates

Chinese Yuan Weakens to Over One-Month Low After US Fed Pushes Up Rates

Chinese Yuan Weakens to Over One-Month Low After US Fed Pushes Up Rates

Sep 27, 2018
Xu Wei