Yuan Falls To Fresh 11-Year Lows On Trade War Worries
Business | Thomson Reuters | Thursday August 22, 2019
Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.
With Great Effort, China Trying To Make Yuan Dominant: Gita Gopinath
World News | Press Trust of India | Friday November 2, 2018
China is following a policy to make yuan the dominant currency, but currently it remains far behind the US dollar in international financial transactions unrelated to trade, Indian-American economist Gita Gopinath said.
US Treasury To Review If China Manipulated Its Currency
World News | Reuters | Saturday July 21, 2018
The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, Treasury Secretary Steven Mnuchin told Reuters on Friday.
Rupee Plunges To Record Low Of 69.12 Against US Dollar: 10 Points
Business | NDTV Profit Team | Saturday July 21, 2018
The rupee extended Thursday's losses as it hit a record low of 69.13 per dollar in early trade on Friday, tracking weakness in the yuan, reported news agency Reuters. The rupee was trading at 69.11/12 per dollar as of 9:20 am, compared with the previous close of 69.0650/0750. However, rupee recovered from its all-time low, rising 9 paise to 68.96 a...
This Man Spent Seven Years And $240 Million Waiting For A China Crash
Business | Saijel Kishan, Bloomberg | Thursday September 7, 2017
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
China Stopped Manipulating Currency After I Became President: Donald Trump
World News | Press Trust of India | Tuesday May 2, 2017
US President Donald Trump has claimed that China stopped manipulating its currency as soon as he assumed office.
US President Donald Trump Says China No Longer A Currency Manipulator
Business | Press Trust of India | Monday May 1, 2017
The US President said that resolving the North Korean issue has taken precedence over all other issues with China, including trade and human rights.
Brexit Shock May Boost, Not Hinder, Yuan Internationalisation
Business | Thomson Reuters | Wednesday July 6, 2016
London's role as a major offshore yuan hub is likely to survive Britain's decision to leave the European Union, but the vote could help foster the Chinese currency's internationalisation by encouraging multiple yuan hubs in the bloc.
China Seizes Biggest Share Of Global Exports In Almost 50 Years
Business | Thomson Reuters | Friday April 22, 2016
Chinese exporters have found a silver lining in weak global demand by seizing market share from their competitors - good news for China but an expansion that is aggravating trade tensions.
IMF to Identify Holdings of China's Yuan in Reserves Surveys
Business | Thomson Reuters | Saturday March 5, 2016
The International Monetary Fund on Friday said it would separately identify China's yuan currency in its official foreign exchange reserves database starting October 1, a move prompted by the yuan's new status in the Fund's reserve currency basket.
Use of Yuan for Trade Deals Seen Growing
Business | Thomson Reuters | Tuesday February 23, 2016
More China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.
Asian Shares Seen Consolidating as Investor Fears Ease
Business | Thomson Reuters | Tuesday February 16, 2016
Asian shares are expected to consolidate gains on Tuesday as the Chinese currency and shares show signs of stability, oil prices rebound, and solid U.S. consumption data suggest last week's sell-off was overdone.
China's Yuan Firms as Central Bank Takes Fresh Step to Curb Speculation
Business | Thomson Reuters | Monday January 18, 2016
China's yuan firmed on Monday as the central bank announced new moves to curb offshore speculation in the currency, while stocks were volatile after the securities regulator blamed immature markets and inexperienced investors for their latest meltdown.
Chinese Stocks, Yuan Slip Amid Global Gloom
Business | Thomson Reuters | Thursday January 14, 2016
Chinese stocks and the yuan slipped on Thursday, despite the efforts of the authorities, as the gloom enveloping global markets overwhelmed signs that China's economy is not weakening as fast as some investors had feared.
Chinese Currency Depreciation 'Worrying' for Exports: Commerce Minister
Business | Thomson Reuters | Friday January 8, 2016
The government on Friday called the slide in China's yuan a "worrying" development for its flagging exports and said it was discussing possible measures to deal with a likely surge in imports from its northern neighbour.
Yuan Falls To Fresh 11-Year Lows On Trade War Worries
Business | Thomson Reuters | Thursday August 22, 2019
Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.
With Great Effort, China Trying To Make Yuan Dominant: Gita Gopinath
World News | Press Trust of India | Friday November 2, 2018
China is following a policy to make yuan the dominant currency, but currently it remains far behind the US dollar in international financial transactions unrelated to trade, Indian-American economist Gita Gopinath said.
US Treasury To Review If China Manipulated Its Currency
World News | Reuters | Saturday July 21, 2018
The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, Treasury Secretary Steven Mnuchin told Reuters on Friday.
Rupee Plunges To Record Low Of 69.12 Against US Dollar: 10 Points
Business | NDTV Profit Team | Saturday July 21, 2018
The rupee extended Thursday's losses as it hit a record low of 69.13 per dollar in early trade on Friday, tracking weakness in the yuan, reported news agency Reuters. The rupee was trading at 69.11/12 per dollar as of 9:20 am, compared with the previous close of 69.0650/0750. However, rupee recovered from its all-time low, rising 9 paise to 68.96 a...
This Man Spent Seven Years And $240 Million Waiting For A China Crash
Business | Saijel Kishan, Bloomberg | Thursday September 7, 2017
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
China Stopped Manipulating Currency After I Became President: Donald Trump
World News | Press Trust of India | Tuesday May 2, 2017
US President Donald Trump has claimed that China stopped manipulating its currency as soon as he assumed office.
US President Donald Trump Says China No Longer A Currency Manipulator
Business | Press Trust of India | Monday May 1, 2017
The US President said that resolving the North Korean issue has taken precedence over all other issues with China, including trade and human rights.
Brexit Shock May Boost, Not Hinder, Yuan Internationalisation
Business | Thomson Reuters | Wednesday July 6, 2016
London's role as a major offshore yuan hub is likely to survive Britain's decision to leave the European Union, but the vote could help foster the Chinese currency's internationalisation by encouraging multiple yuan hubs in the bloc.
China Seizes Biggest Share Of Global Exports In Almost 50 Years
Business | Thomson Reuters | Friday April 22, 2016
Chinese exporters have found a silver lining in weak global demand by seizing market share from their competitors - good news for China but an expansion that is aggravating trade tensions.
IMF to Identify Holdings of China's Yuan in Reserves Surveys
Business | Thomson Reuters | Saturday March 5, 2016
The International Monetary Fund on Friday said it would separately identify China's yuan currency in its official foreign exchange reserves database starting October 1, a move prompted by the yuan's new status in the Fund's reserve currency basket.
Use of Yuan for Trade Deals Seen Growing
Business | Thomson Reuters | Tuesday February 23, 2016
More China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.
Asian Shares Seen Consolidating as Investor Fears Ease
Business | Thomson Reuters | Tuesday February 16, 2016
Asian shares are expected to consolidate gains on Tuesday as the Chinese currency and shares show signs of stability, oil prices rebound, and solid U.S. consumption data suggest last week's sell-off was overdone.
China's Yuan Firms as Central Bank Takes Fresh Step to Curb Speculation
Business | Thomson Reuters | Monday January 18, 2016
China's yuan firmed on Monday as the central bank announced new moves to curb offshore speculation in the currency, while stocks were volatile after the securities regulator blamed immature markets and inexperienced investors for their latest meltdown.
Chinese Stocks, Yuan Slip Amid Global Gloom
Business | Thomson Reuters | Thursday January 14, 2016
Chinese stocks and the yuan slipped on Thursday, despite the efforts of the authorities, as the gloom enveloping global markets overwhelmed signs that China's economy is not weakening as fast as some investors had feared.
Chinese Currency Depreciation 'Worrying' for Exports: Commerce Minister
Business | Thomson Reuters | Friday January 8, 2016
The government on Friday called the slide in China's yuan a "worrying" development for its flagging exports and said it was discussing possible measures to deal with a likely surge in imports from its northern neighbour.
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