Yuan


Markets this week: Inflation outlook, vaccine progress key

Markets this week: Inflation outlook, vaccine progress key

(ATF) Economic eventsInvestors will focus on the corporate results in several markets after a holiday shortened week, looking for clues about the earnings visibility and recovery path. They will also monitor vaccination progress and mobility in various economies as subsequent waves of infections forces lockdowns.“Mobility data have weakened in many …

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China's central bank floats plan for yuan futures exchange market

China's central bank floats plan for yuan futures exchange market

(ATF) Numerous concerns have been raised about the recommendation of China’s central bank to establish a yuan exchange-rate futures market.The People's Bank of China issued a working paper on Tuesday April 6 that said a yuan exchange rate futures market should be set up in due course. Authors of the …

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Could a digital yuan dethrone the mighty US dollar? 

Could a digital yuan dethrone the mighty US dollar? 

The emergence of a blockchain-enabled digital yuan is said to have has set the cat among the pigeons in Washington. China has become the first major economy to issue a digital version of its currency and that has Fed chiefs in the US concerned that the dollar’s status as the …

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Yuan firm after a soft start, swinging higher on dollar selling

Yuan firm after a soft start, swinging higher on dollar selling

(ATF) The Chinese yuan firmed after the currency was guided to a near two-and-a-half-month low against the dollar before recovering swiftly with a jump in trading later on Tuesday, supported by heavy dollar selling and central banker comments.With the US dollar strengthening recently, the yuan exchange rate has fluctuated downward. …

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Yuan hits choppy waters in its slow 2021 rise

Yuan hits choppy waters in its slow 2021 rise

(ATF) Guan Tao, the Global Chief Economist with Bank of China Securities and a director of the China Chief Economist Forum, has offered his insights on how the yuan may perform in coming months. The foreign exchange market in January saw the yuan exchange-rate rise sharply at the beginning of …

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Parity for yuan-USD rises 47 bps

Parity for yuan-USD rises 47 bps

(ATF) Central parity of the yuan to the US dollar was reported at 6.4516 on Tuesday Feb 23, the China Foreign Exchange Trading Centre said. This was an increase of 47 basis points from the previous trading day.The People’s Bank of China authorized the China Foreign Exchange Trade Centre to …

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Yuan looking to overtake the pound and yen in forex trade

Yuan looking to overtake the pound and yen in forex trade

(ATF) China’s economy is seeing a rapid recovery with yuan assets being sought by overseas funds, according to local news outlet Phoenix TV. The yuan itself has also become the focus of attention in the international foreign exchange market.The Bank of England's semi-annual survey of foreign exchange trading volume has …

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Yuan remains strong but risks remain 

Yuan remains strong but risks remain

(ATF) The yuan was set at 6.4669 versus the dollar on Wednesday, an increase of 67 basis points from the previous trading day, according to onshore data from the China Foreign Exchange Trading Center.On January 4, the yuan was reported at 6.5408, while on January 5, it increased by 648 …

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Yuan up 6.8% against the dollar in January over 2020 level

Yuan up 6.8% against the dollar in January over 2020 level

(ATF) In December 2020, the yuan exchange rate against the US dollar had risen to the '6.5 range', and the average monthly rate was 6.5423.By January 2021, the onshore yuan exchange rate against the dollar was up in the '6.4 range', and the average rate for the month was 6.4774, …

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Yuan rising in an updraft, further appreciation likely

Yuan rising in an updraft, further appreciation likely

(ATF) China's central bank set parity for the yuan and US dollar lower on Monday (Feb 1) – at 6.4623, which was a reduction of 86 points. The closing price of the last trading day was less than the middle price, and intra-day volatility was small.On Friday, Zhou Chengjun, director …

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