RMB

Rising Dollar Kicks Yuan to Three-Month Low

Rising Dollar Kicks Yuan to Three-Month Low

Rising Dollar Kicks Yuan to Three-Month Low. The onshore yuan-dollar spot exchange rate closed at 6.3784 yesterday, erasing all redback gains over the past three months.

May 10, 2018
Xu Wei
China Opens Up Cross-Border Yuan Settlement System for 24-Hour Trading

China Opens Up Cross-Border Yuan Settlement System for 24-Hour Trading

China’s central bank has extended the operating hours of its cross-border interbank payment system to 24 hours every working day after the success of a trial run in March.

May 3, 2018
Tang Shihua
Yuan Falls to Lowest Point Against Dollar in Over Three Months

Yuan Falls to Lowest Point Against Dollar in Over Three Months

The Chinese yuan’s central parity rate against the dollar fell by 277 basis points to 6.367 today, hitting its lowest point since Jan. 25.

May 2, 2018
Xu Wei
China Did Not Manipulate Exchange Rate, US Treasury Again Confirms

China Did Not Manipulate Exchange Rate, US Treasury Again Confirms

The US Treasury has re-confirmed its findings that China has not manipulated its exchange rate, though it will continue to…

Apr 16, 2018
Xu Wei
Market Observers Rebut Devaluation Worries as Yuan Weakens Against Dollar

Market Observers Rebut Devaluation Worries as Yuan Weakens Against Dollar

The yuan-dollar central parity fell to 6.3114, the lowest level in two weeks, signaling the market’s growing concern over the ongoing China-US trade spat.

Apr 10, 2018
She Qingqi
Moscow Exchange Plans to Expand Yuan Trading Business to Challenge Dollar

Moscow Exchange Plans to Expand Yuan Trading Business to Challenge Dollar

Moscow Exchange Plans to Expand Yuan Trading Business to Challenge Dollar

Apr 4, 2018
Xu Wei
Yuan Gains on Dollar, Showing Most Relative Strength in Over Two Years

Yuan Gains on Dollar, Showing Most Relative Strength in Over Two Years

The official closing quote valued a dollar the same as 6.4325 onshore yuan yesterday, making the Chinese currency the strongest it has been against its US counterpart since December 2015.

Jan 18, 2018
Xu Wei
Yuan Rises Following Inclusion in German Central Bank’s Forex Reserve

Yuan Rises Following Inclusion in German Central Bank’s Forex Reserve

The Chinese yuan rose today following reports that Deutsche Bundesbank, Germany’s central bank, will start to include it in its…

Jan 15, 2018
Xu Wei
Onshore Yuan-Dollar Central Parity Rate Passes 6.42, Reaches Two-Year Zenith

Onshore Yuan-Dollar Central Parity Rate Passes 6.42, Reaches Two-Year Zenith

The continuing frailty of the US dollar Index lifted the yuan-dollar exchange rate to a two-year high today.

Jan 15, 2018
Xu Wei
Yuan’s Internationalization Doesn’t Target Other Major Currencies, Says Top China Central Bank Official

Yuan’s Internationalization Doesn’t Target Other Major Currencies, Says Top China Central Bank Official

The internationalization of the yuan is a long-term strategy. It should not aim at a higher global ranking among major…

Jan 15, 2018
Du Qingqing
Chinese Yuan Hits Four-Month High Against US Dollar

Chinese Yuan Hits Four-Month High Against US Dollar

The onshore and offshore Chinese yuan hit four-month highs against the US dollar, surpassing CNY6.48 and CNY6.47, respectively, on the morning of Jan. 8, driven by a strengthening dollar.

Jan 8, 2018
Xu Wei
Chinese Economy’s Improving Fundamentals Support Yuan’s Rise, Analysts Say

Chinese Economy’s Improving Fundamentals Support Yuan’s Rise, Analysts Say

The Chinese economy’s improving fundamentals are providing support for the rise of the yuan, analysts said.

Dec 22, 2017
She Qingqi