RMB

Yuan to Make Up 8.5% of Global Forex Reserves by 2020, HSBC Survey Finds

Yuan to Make Up 8.5% of Global Forex Reserves by 2020, HSBC Survey Finds

Foreign exchange reserve managers have expressed confidence in the Chinese yuan’s growing worldwide presence in a new survey with respondents…

Jun 19, 2018
Xu Wei
Yuan Falls to Lowest Point Against Dollar Since January

Yuan Falls to Lowest Point Against Dollar Since January

The Chinese yuan’s central parity rate against the dollar hit its lowest point since January 18 after it slid 130 points to 6.4208 today.

Jun 4, 2018
Xu Wei
Fourteen African Countries Mull Using Yuan as Reserve Currency

Fourteen African Countries Mull Using Yuan as Reserve Currency

Fourteen African Countries Mull Using Yuan as Reserve Currency.

May 31, 2018
Xu Wei
Central Parity Rate of Yuan Against Dollar Hits Four-Month Low on Strong Dollar Index

Central Parity Rate of Yuan Against Dollar Hits Four-Month Low on Strong Dollar Index

Central Parity Rate of Yuan Against Dollar Hits Four-Month Low on Strong Dollar Index. The central parity rate of the…

May 29, 2018
Xu Wei
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