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NewsRtae hike by US Federal Reserve

Rtae hike by US Federal Reserve News

10 Oct 2016

China fixes Yuan at 6-year low against US dollar

China`s central bank set the yuan`s central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF`s "special drawing rights" reserve currency basket.

China's foreign reserves

10 Jan 2016

China says its forex reserves relatively abundant despite drop

As China's foreign reserves, the world's largest, dipped to over three year low to USD 3.3 trillion last month, the government has said USD 107.9 billion shortfall was partly caused due to US interest rate hike and assured the public that there was still "relatively abundant" reserves.

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