Renminbi Currency
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US Designates China A 'Currency Manipulator' As Trade War Rages
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
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India Removed From US Currency Monitoring List, China Stays
The US Treasury Department has removed India from its currency monitoring list of major trading partners. It, however, continued to keep China on its watch list, while urging the Asian nation to take necessary steps to avoid a "persistently weak currency". Renminbi
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China Cuts Yuan Fix In Biggest Move Since Devaluation
China weakened the yuan's fixing almost one per cent to a five-and-half-year low against the dollar on Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
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No Basis for Further Currency Depreciation: China Central Bank
China's central bank has said there is no basis for "further depreciation" of its currency but asserted that it would continue to pursue market-based exchange rate reform.
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IMF to Identify Holdings of China's Yuan in Reserves Surveys
The International Monetary Fund on Friday said it would separately identify China's yuan currency in its official foreign exchange reserves database starting October 1, a move prompted by the yuan's new status in the Fund's reserve currency basket.
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China's Renminbi Joins IMF Currency Basket: Why It Matters
Currency traders and economists see the change as encouragement to Beijing to make faster progress on promises to make the yuan "freely tradable" and open its financial system.
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China's Renminbi Joins Elite Club of Currencies
The move will help pave the way for broader use of the renminbi in trade and finance, securing Chinas standing as a global economic power.
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China to Allow Direct Trade of Yuan With Swiss Franc
China's national foreign exchange market will introduce direct trading of the Swiss franc, the operator said today, as the country pushes greater international use of its yuan currency.
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China Issues First Offshore Renminbi Note in London
China's central bank has issued its first offshore renminbi note in London coinciding with President Xi Jinping's high-profile visit to the UK as the world's second largest economy ramps up efforts to popularise its currency.
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China Yuan Overtakes Yen in Global Payment Rankings: Report
The yuan, also known as the renminbi, held a 2.79 per cent share in world payments based on value in August, SWIFT said in a statement.
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Raghuram Rajan Praises China, Says Yuan Devaluation Not Unfair
China's devaluation of its yuan (renminbi) currency in August led to a sharp selloff in emerging market currencies and impacted equity markets across the globe. The Indian rupee also tumbled to its lowest in nearly two years amid fears of a currency war.
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China Fixes Yuan Stronger Vs Dollar, Reversing Falls
China's central bank on Friday raised the yuan currency against the US dollar by 0.05 per cent, the national foreign exchange market said, ending three days of falls after a surprise devaluation.
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Currency War: How Yuan's Devaluation Will Impact India
China on Wednesday devalued the yuan for a second straight day, leading to over 4 per cent drop in its currency in two days. The devaluation of the yuan strengthened the US dollar, most other currencies were reeling for cover.
-
China Lets Yuan Fall Further, Fuels Fears of Currency War
China's yuan hit a four-year low on Wednesday, falling for a second day after authorities devalued it, and sources said clamour in government circles to help struggling exporters would put pressure on the central bank to let it fall lower still.
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How China's Devaluation of Renminbi Impacts India
China's central bank announced a 2 per cent devaluation of its currency on Tuesday, following which the renminbi (also called yuan) witnessed its biggest one-day fall in a decade. The renminbi was last reeling at a near three-year low against the US dollar. Currencies across the world were impacted by China's surprise move.
-
US Designates China A 'Currency Manipulator' As Trade War Rages
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
-
India Removed From US Currency Monitoring List, China Stays
The US Treasury Department has removed India from its currency monitoring list of major trading partners. It, however, continued to keep China on its watch list, while urging the Asian nation to take necessary steps to avoid a "persistently weak currency". Renminbi
-
China Cuts Yuan Fix In Biggest Move Since Devaluation
China weakened the yuan's fixing almost one per cent to a five-and-half-year low against the dollar on Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
-
No Basis for Further Currency Depreciation: China Central Bank
China's central bank has said there is no basis for "further depreciation" of its currency but asserted that it would continue to pursue market-based exchange rate reform.
-
IMF to Identify Holdings of China's Yuan in Reserves Surveys
The International Monetary Fund on Friday said it would separately identify China's yuan currency in its official foreign exchange reserves database starting October 1, a move prompted by the yuan's new status in the Fund's reserve currency basket.
-
China's Renminbi Joins IMF Currency Basket: Why It Matters
Currency traders and economists see the change as encouragement to Beijing to make faster progress on promises to make the yuan "freely tradable" and open its financial system.
-
China's Renminbi Joins Elite Club of Currencies
The move will help pave the way for broader use of the renminbi in trade and finance, securing Chinas standing as a global economic power.
-
China to Allow Direct Trade of Yuan With Swiss Franc
China's national foreign exchange market will introduce direct trading of the Swiss franc, the operator said today, as the country pushes greater international use of its yuan currency.
-
China Issues First Offshore Renminbi Note in London
China's central bank has issued its first offshore renminbi note in London coinciding with President Xi Jinping's high-profile visit to the UK as the world's second largest economy ramps up efforts to popularise its currency.
-
China Yuan Overtakes Yen in Global Payment Rankings: Report
The yuan, also known as the renminbi, held a 2.79 per cent share in world payments based on value in August, SWIFT said in a statement.
-
Raghuram Rajan Praises China, Says Yuan Devaluation Not Unfair
China's devaluation of its yuan (renminbi) currency in August led to a sharp selloff in emerging market currencies and impacted equity markets across the globe. The Indian rupee also tumbled to its lowest in nearly two years amid fears of a currency war.
-
China Fixes Yuan Stronger Vs Dollar, Reversing Falls
China's central bank on Friday raised the yuan currency against the US dollar by 0.05 per cent, the national foreign exchange market said, ending three days of falls after a surprise devaluation.
-
Currency War: How Yuan's Devaluation Will Impact India
China on Wednesday devalued the yuan for a second straight day, leading to over 4 per cent drop in its currency in two days. The devaluation of the yuan strengthened the US dollar, most other currencies were reeling for cover.
-
China Lets Yuan Fall Further, Fuels Fears of Currency War
China's yuan hit a four-year low on Wednesday, falling for a second day after authorities devalued it, and sources said clamour in government circles to help struggling exporters would put pressure on the central bank to let it fall lower still.
-
How China's Devaluation of Renminbi Impacts India
China's central bank announced a 2 per cent devaluation of its currency on Tuesday, following which the renminbi (also called yuan) witnessed its biggest one-day fall in a decade. The renminbi was last reeling at a near three-year low against the US dollar. Currencies across the world were impacted by China's surprise move.
