US Dollar/Offshore Yuan Transactions Rose 4% in May, China Foreign Exchange Trade System Says
Yicai Global
DATE:  Jun 06 2017
/ SOURCE:  Yicai
US Dollar/Offshore Yuan Transactions Rose 4% in May, China Foreign Exchange Trade System Says US Dollar/Offshore Yuan Transactions Rose 4% in May, China Foreign Exchange Trade System Says

(Yicai Global) June 6 -- Yuan foreign exchange transactions rose steeply last month, up from low levels in April, latest data from China Foreign Exchange Trade System show.

Yuan foreign exchange spot transactions grew more than 20 percent from a month ago, and US dollar/offshore yuan transactions were up 4 percent monthly.

The yuan foreign exchange swaps were USD988 billion (CNY6.7 trillion) in May, an increase of 9.4 percent from the month before. Yuan foreign exchange spot transactions stood at CNY3.8 trillion, up 21 percent per month.

Yuan foreign exchange options jumped 14.5 percent from a month before to CNY178.7 billion, and the volume of US dollar/offshore yuan transactions rose 4 percent.

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Keywords:   Forex,Renminbi