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RMB

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
Pakistan May Replace Dollar With Yuan for Trade With China

Pakistan May Replace Dollar With Yuan for Trade With China

Pakistan is considering a plan to replace the US dollar with the Chinese yuan for its trade with China, the…

Dec 19, 2017
Xu Wei
Economy Will Remain Stable Despite Downturn Pressures, November Yicai Chief Economists’ Survey Shows

Economy Will Remain Stable Despite Downturn Pressures, November Yicai Chief Economists’ Survey Shows

More than 80 percent of the economists are optimistic about the Chinese economy in the coming month. Although they believe…

Dec 7, 2017
He Xiao
New Zealand’s Central Bank Raises Chinese Yuan’s Trade Weighted Index to 20.4%

New Zealand’s Central Bank Raises Chinese Yuan’s Trade Weighted Index to 20.4%

The Reserve Bank of New Zealand (RNBZ) released the annual assessment of the ‘Trade Weighted Index’ (TWI), in which the…

Dec 7, 2017
Xu Wei
Yuan Rises 5% Against Dollar This Year, Opening of New Round of Capital Inflows Expected

Yuan Rises 5% Against Dollar This Year, Opening of New Round of Capital Inflows Expected

The onshore yuan closed at 6.6037 against the US dollar as of 4:30 pm last Friday, again breaking through the…

Nov 27, 2017
Zhou Ailin
Declining Share of Yuan in Overseas Payments Not a Hinderance to Currency’s Internationalization, Xinhua Says

Declining Share of Yuan in Overseas Payments Not a Hinderance to Currency’s Internationalization, Xinhua Says

The market share of the Chinese Yuan used in international payments has declined compared to two years ago, data from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) show.

Nov 3, 2017
Xu Wei
Yuan Gains Popularity on Global market, Becomes Second Major Currency in Egypt

Yuan Gains Popularity on Global market, Becomes Second Major Currency in Egypt

The yuan has gained popularity as a common currency on the global market after its inclusion in the International Monetary…

Nov 1, 2017
Xu Wei