Tag "yuan"


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Fundamental Outlook for the Yuan

Fundamental Outlook for the Yuan

🕔August 22, 2016

  • Yuan trades beyond fixed midpoint range
  • Rising mainland debt levels fear

The Chinese yuan weakened on Monday as the US dollar gained momentum all over the world, despite the Dollar Index last week showing a record low for the dollar against a basket of major currencies.…

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China’s Foreign Exchange Reserves Shrink in July

China’s Foreign Exchange Reserves Shrink in July

🕔August 20, 2016

China has for a long time been getting many plaudits because of its vast foreign exchange reserves. It has always been considered a bullish pointer because the country is expected to remain strong whenever there are economic headwinds facing the rest of the world.

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Yuan Edges Lower as PBOC Reports Higher FOREX Sales

Yuan Edges Lower as PBOC Reports Higher FOREX Sales

🕔August 16, 2016

  • PBOC release strengthens theory of capital outflows

The Chinese yuan fell sharply on Monday, as the central bank reported surprisingly large foreign exchange sales in July, the concerns generated by this report was further intensified by an already apparent fear that the Chinese economy is experiencing significant spates of capital outflows.…

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Chinese Data reveals a fall in New Yuan Loans

Chinese Data reveals a fall in New Yuan Loans

🕔August 13, 2016

  • China enters liquidity trap
  • Major slump in Chinese TSF

Data released has shown that Chinese banks raised their new yuan loans by 463.6 billion yuan ($69.78 billion) in July, the banks did not just slump significantly from the previous month but they also missed analysts forecast, with a slowdown in bank lending widely forecasted.…

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Yuan on Track for More Volatility

Yuan on Track for More Volatility

🕔August 8, 2016

The Chinese yuan today weakened offshore in the wake of the People’s Bank of China’s decision to lower the currency rate’s daily reference, the yen also strengthened onshore against the US dollar today, as the morning trading hours were surrounded by choppy trades.…

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Reminbi Indifferent to “Midpoint Fixing”

Reminbi Indifferent to “Midpoint Fixing”

🕔August 4, 2016

A poll conducted by Reuters forecasts the yuan sliding more than 3% against the USD in the period of 12 months starting now, mostly the result of the Chinese economy’s recent battle to sustain momentum and also a direct consequence of the steady growth recently shown by the dollar as it anticipates an eventual Fed rates hike.…

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The Yuan Grows on Feds Rate Decision

The Yuan Grows on Feds Rate Decision

🕔July 28, 2016

The Chinese Yuan on Thursday displayed a growing strength after the US Federal Reserve left interest rates the same, with Thursday marking the third day of consecutive gains for the currency.

During Thursday’s day trading session in China the yuan was priced at 6.6680 to the dollar at around 10:15 am, this value was 0.09% stronger than the previous day, meanwhile outside China in Hong Kong, the yuan stood 0.06% stronger than its Wednesday value at 6.6667 to the dollar.…

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G20 Spurs Strength in the Yuan

G20 Spurs Strength in the Yuan

🕔July 25, 2016

The Chinese Yuan rose higher on Monday but remained in sight of last week’s USDCNH almost six year low as traders feared that stronger economic activity in the June quarter came as a shock, with impending future weakness inevitable in the next few months.…

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Yuan Tumbles as Capital Outflows Continue

Yuan Tumbles as Capital Outflows Continue
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🕔July 19, 2016

The Chinese yuan successfully broke through a significant support level late on Monday, as investors kept a nerve-racking watch on the currency. The yuan also fell as a result of the economic uncertainty posed by the declining currency.

The yuan edged below 6.7 to the dollar on monday, a level it has not been under for more than 5 years, but managed to recover some of its losses on Tuesday.…

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