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Jan 13, 2021 03:53 PM IST The stronger renminbi has implications for companies that make stuff in China, which are a pretty big group
Dec 04, 2020 05:04 PM IST Amid broad expectations for further yuan gains and more prolonged weakness in the dollar, the PBOC's acceptance of the currency's rise runs counter to recent market speculation that the bank might take steps to stabilise the rising yuan.
Jul 06, 2020 12:32 PM IST Does Hong Kong remain a dream destination for global capital, manufacturing, and services? Probably the large-scale protests, layoffs, and Sinification of Hong Kong hold the answer
Apr 21, 2020 10:40 AM IST China's central bank is conducting tests of a digital yuan payment system in four cities across the country on Tuesday.
Jan 28, 2020 08:50 AM IST The Japanese yen, considered a safe-haven, traded near a three-week high versus the dollar as investors nervously watched the death toll from the virus climb to more than 100.
Jan 27, 2020 09:04 AM IST Japan's currency, often sought as a safe-haven in times of uncertainty, rose to the highest in almost three weeks versus the dollar, while the Chinese yuan fell to its lowest since January 8
Nov 06, 2019 10:42 AM IST China is preparing to be the first country to roll out a digitised domestic currency, a development that is being closely watched by the world's financial services industries, though few details are currently available.
Nov 06, 2019 07:56 AM IST About 6 trillion yuan of cross-border yuan payment was for securities investment, thanks to China's accelerated opening of its capital markets, Huo Yingli, director of macroprudential policy bureau at the People's Bank of China told a conference in Shanghai.
Oct 29, 2019 08:40 AM IST The People's Bank of China (PBOC) set the midpoint rate at 7.0617 per dollar prior to the market open, 145 pips or 0.2% firmer than the previous fix of 7.0762 and the strongest since Aug.26.
Oct 10, 2019 11:36 AM IST The dollar dropped more than 0.2% on the euro and the pound, and was 0.1% weaker against a basket of major currencies at 98.995.
Aug 27, 2019 11:59 AM IST The level of 72.90 is a crucial resistance for the USD/INR pair, break of which could push it to a new all-time high.
Aug 13, 2019 01:35 PM IST China is confident that the yuan will be a "strong currency" over the medium and long term, Zhu Jun said.
Aug 07, 2019 09:44 AM IST It is believed that the Chinese central bank deliberately allowed the currency to fall in response to the ongoing US-China trade war.
Aug 06, 2019 11:47 AM IST The Yuan has broken a key psychological level and unless the PBoC chooses the stability of capital markets over the pain in the real economy as a result of tariffs, moves lower in USD/CNH are likely to be short-lived.
Aug 05, 2019 12:06 PM IST The government needs to signal to the business community that they are collaborators in India’s growth
Jun 13, 2019 12:03 PM IST Pan Gongsheng, head of the State Administration of Foreign Exchange, said at a financial forum in Shanghai on June 13 that the country's FX market is largely stable with FX reserves steadily rising.
Jun 12, 2019 09:11 PM IST Since Trump took office in early 2017 the index, which measures the euro's weighted average against a basket of the bloc's 19 main trading partners, has risen 4%.
May 21, 2019 12:15 PM IST The US government on May 20 allowed Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until August 19.
Dec 27, 2018 02:27 PM IST On its website, following a quarterly meeting of its monetary policy committee, the People's Bank of China (PBOC) said it will make monetary policy more forward-looking, flexible and targeted.
Oct 30, 2018 03:53 PM IST Breaking 7 could further undermine market confidence and potentially trigger fresh US accusations that China was allowing the yuan to weaken to blunt the impact of tariffs that Washington has imposed on Chinese goods.
Oct 09, 2018 09:26 AM IST "No, I don't think it's a problem," Obstfeld said, when asked about the issue on the sidelines of a news conference at the IMF and World Bank annual meetings in Bali.
Sep 06, 2018 11:26 AM IST Trading in the partly-managed yuan, which has lost about 5 percent since the start of the year, was volatile this week amid threats that US President Donald Trump could impose additional tariffs on Chinese goods worth $200 billion.
Aug 08, 2018 08:20 AM IST Spot gold was unchanged at $1,210.91 an ounce at 0043 GMT, after rising 0.4 percent in the previous session.
Jul 27, 2018 10:21 AM IST China is the biggest export economy in the world. By allowing its currency to depreciate, Chinese goods will become cheaper in foreign markets.
Jul 24, 2018 09:37 PM IST China was included on the Treasury's currency watch list because "it constitutes a disproportionate share of the overall US trade deficit,".
