China says it will set up yuan clearing arrangements in Brazil By Reuters
© Reuters. FILE PHOTO: A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha/File Photo BEIJING (Reuters) – China’s central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, it said on Tuesday, […]
Global investment banks project jump in yuan in 2023 By Reuters
© Reuters. FILE PHOTO: Chinese Yuan banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration SHANGHAI (Reuters) – Global investment banks have raised their forecasts for the this year on expectations the country’s economic reopening and Beijing’s decision to relax property sector curbs will trigger strong capital inflows. The bullish forecasts follow […]
Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Chinese yuan rose sharply on Monday as local markets reopened from a week-long holiday, while most other Asian currencies strengthened in anticipation of a Federal Reserve meeting and a slew of economic data releases this week. The rose 0.4%, benefiting from bets that the Lunar New Year […]
Russia’s central bank sold $47 million worth of Chinese yuan on Jan. 13 By Reuters
© Reuters. Banknotes of Chinese yuan and Russian rouble are seen amid flags of China and Russia in this illustration picture taken September 15, 2022. REUTERS/Florence Lo/Illustration (Reuters) – Russia’s central bank said on Tuesday that it sold almost $47 million worth of on January 13 to buy roubles, as it began to make up […]
Chinese yuan sinks on mixed GDP, Asia FX rattled by recession fears By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies fell on Tuesday amid renewed fears of a global recession this year, with the yuan among the worst performers as data showed Chinese economic growth was pummeled by COVID lockdowns in 2022. The fell 0.4% to 6.7611, coming off a near five-month high after data […]
With a sale of Chinese yuan, Russia kicks off 2023 forex intervention By Reuters
© Reuters. FILE PHOTO: Banknotes of Chinese yuan and Russian rouble are seen amid flags of China and Russia in this illustration picture taken September 15, 2022. REUTERS/Florence Lo/Illustration By Guy Faulconbridge and Darya Korsunskaya MOSCOW (Reuters) -Russia said it would resume foreign currency interventions with the sale of yuan from Friday, underscoring the growing […]
China state media warn of two-way volatility for yuan in 2023 By Reuters
© Reuters. A Chinese yuan currency sign is illustrated inside a bank in Hong Kong, March 25, 2013. REUTERS/Bobby Yip/Files SHANGHAI (Reuters) – Investors should avoid Chinese currency risk and adapt to higher foreign exchange volatility, three state financial newspapers in Shanghai and Beijing said in front-page commentaries on Tuesday after more than a week […]
Asia FX rallies on China reopening, yuan at over 4-mth high By Investing.com
By Ambar Warrick Investing.com– Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The jumped 0.7% to 6.7912 against the dollar, its strongest […]
China mainland and HK shares rising, yuan too
The reopening trade, and the propping up of property, continues to provide a tailwind for China. China stocks higher on the session: Onshore yuan got a circa 6950 point revaluations at the reference rate setting today: Weekend news from China: (Gold Gold Gold is the most widely traded and important commodity. Prized for its historical […]
Chinese yuan hits 4-mth high on reopening cheer, U.S. payrolls awaited By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The was among the […]