The Chinese yuan is a key spot to watch as the new year looks to get up and running
A stronger fix today here isn’t really too encouraging, with USD/CNY continuing to push higher on the day. The pair is now trading just under...
Tag : Yuan
China financial media says PBoC statement sends stronger signal on stable yuan FX rate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and...
PBOC is set to issue a record volume of offshore yuan bills in Hong Kong this month
A bit more on that earlier report from Financial News in China: The People’s Bank of China (PBOC) is set to issue a record volume...
All eyes on the PBoC yuan reference rate today – will it be above 7.20?
Bloomberg (gated) ask the question: The yuan weakening past a level that China had been defending throughout December has returned the spotlight to its daily...
China’s services PMI data due: What to expect & how its likely to impact equities and yuan
The Caixin/S&P Global China General Services PMI is scheduled for release today, January 6, 2025, at 01:45 UTC, which is January 5 2045 US Eastern...
RBC forecasts a much weaker yuan in 2025, project USD/CNY to 7.55 by year end
RBC projects the USD/CNY exchange rate to rise to 7.55 by year-end. Analysts at the bank cite: weak economic prospects for China, the economy remains...
ICYMI: China has adjusted its yuan basket weightings for this year
This builds from Eamonn’s post earlier: The yuan has hit its highest since mid-October 2022 (using its trade-weighted value) According to the CFETS, which is...
Asia FX marks tepid start to 2025, yuan slips on weak PMI data By Investing.com
Investing.com– Most Asian currencies moved in a flat-to-low range on Thursday as the prospect of slower U.S. interest rate cuts in 2025 kept traders averse...
The yuan has hit its highest since mid-October 2022 (using its trade-weighted value)
The CFETS RMB Index (often referred to as the “yuan CFETS Index”) is a trade-weighted currency index published by the China Foreign Exchange Trade System...
China’s efforts to prop up its flagging stock market has made yuan a casualty
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and...