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Chinese Yuan News

International Monetary Fund

29 Jul 2017

Chinese Yuan exchange rate in line with fundamentals: IMF

The IMF expected that China`s current account surplus will continue to be narrowed if the country continues to implement reforms.

Asian currencies

31 May 2017

Yuan hits 6-1/2-month high; other currencies rise in tight range

Asian currencies rose on Wednesday as strong manufacturing data from China coupled with a risk-happy market environment spurred interest in emerging currencies, with the Chinese yuan jumping to its highest in six-and-a-half months.

30 Sep 2016

Chinese yuan set to be inducted into IMF currency basket

China`s yuan is poised to enter the International Monetary Fund`s elite SDR basket of currencies, raising Beijing`s banknotes to the status of global reserve asset.

26 Mar 2016

Pent up dollar demand by jewellers to exert pressure on rupee: Experts

Pent up demand for US dollars by the jewellery sector, coupled with a weak Chinese yuan, are expected to exert pressure on the Indian rupee during the upcoming week, experts said on Saturday.

China foreign exchange

18 Mar 2016

Chinese yuan strengthens to three-month high

The onshore yuan climbed to 6.4625 to the dollar as of 9.40 a.m. in Shanghai, up 214 basis points from Thursday`s close, according to China Foreign Exchange Trade System prices.

06 Mar 2016

China says economy will "absolutely not" experience hard landing

China`s economy isn`t headed for a hard landing and isn`t dragging on the global economy, China`s top economic planner said on Sunday, but uncertainty and instability in the global economy do pose a risk to the country`s growth

15 Jan 2016

Asia shares hit 3-1/2-year lows as oil resumes fall

Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on edge.

29 Nov 2015

IMF poised to put Chinese yuan in elite currency basket

The International Monetary Fund is expected to approve inclusion of China`s yuan in its SDR basket of elite currencies on Monday, rewarding Beijing`s strong pursuit of the global status.

12 Nov 2015

Chinese yuan weakens against USD for 8th day, lowest in month

The yuan weakened by 14 basis points against the US dollar, the China Foreign Exchange Trading System said.

09 Nov 2015

China to start direct trading between Yuan and Swiss Franc

The move will lower trading costs for China and Switzerland.

20 Oct 2015

US softens stance on China's currency

The United States has softened its long-held stance that China's currency is significantly undervalued, saying the yuan remains below its "appropriate medium-term valuation".

China International Payment System

08 Oct 2015

China launches international payment system to globalise yuan

The CIPS provides capital settlement and clearing services for cross-border yuan transactions for financial institutions domestically and abroad.

07 Sep 2015

Yuan weakens despite firmer midpoint, less intervention seen

"Dollar sales by state-owned banks on behalf of the central bank eased today," said a dealer at a European bank in Shanghai.

24 Aug 2015

Chinese yuan strengthens

In China`s spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day, Xinhua reported.

20 Aug 2015

Pick up in economy, rural demand may rebound: Raghuram Rajan

Reserve Bank Governor Raghuram Rajan on Thursday said there is a pick up in the economy and expressed hope that rural demand will get stronger if the monsoon improves.

Corporate investment cycle

19 Aug 2015

'India still far off from turnaround in corporate investment cycle'

The country remains a 'long way off' from a complete turnaround in the corporate investment cycle despite various positive economic indicators, says a report.

18 Aug 2015

Chinese yuan strengthens

In China`s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

17 Aug 2015

Devaluation of yuan to impact handicraft export: EPCH

Export Promotion Council for Handicrafts (EPCH) said that Indian products would loose their competitiveness in the global market due to the devaluation of yuan.

27 Oct 2014

China launches direct currency trading with Singapore

The move is crucial for the formation of a direct exchange rate between the Chinese yuan and Singapore dollar.

16 Jun 2014

China's yuan weakens

In China`s foreign exchange spot market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day.

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