Yuan Devaluation
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Bitcoin Sinks to $26,000 Mark First Time Since June, Most Cryptocurrencies Record Losses
The crypto market cap, in the last 24 hours, dropped by 7.29 percent. Bitcoin and Ether both registered losses of around seven percent on Friday. Most cryptocurrencies tagged behind the top two coins into the loss-ridden part of the crypto chart.
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Yuan Falls To Fresh 11-Year Lows On Trade War Worries
Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.
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Rupee Suffers Biggest Slump Against Dollar In 6 Years: 10 Things To Know
The rupee nosedived 113 paise or 1.62 per cent against the US dollar and breached the 70-mark on Monday, news agency Press Trust of India (PTI) reported. The fall in rupee's value marked the biggest single-day drop in the last six years. The depreciation came on the back of escalation of trade tensions between the United States and China, a sharp d...
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This Man Spent Seven Years And $240 Million Waiting For A China Crash
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
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Market Bears Smell Blood As China Scrambles To Plug Capital Outflows
China is trying to tighten its grip on capital outflows after a slide in the yuan this year of almost 6 percent, which has pushed the currency down to levels last seen more than eight years ago.
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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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IMF Sees Little Room for Dramatic Yuan Depreciation
The International Monetary Fund (IMF) has said it does not expect a very dramatic depreciation of the Chinese yuan anytime soon, but the multilateral agency has instruments in place to deal with volatility on account of any further devaluation.
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Use of Yuan for Trade Deals Seen Growing
More China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.
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China Forex Reserves Fall to Lowest Since May 2012
China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.
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Chinese Yuan to Fall but No Big Devaluation Seen: Poll
The Chinese yuan will slide to a multi-year low in the coming 12 months based on expectations of more monetary policy easing, continued outflows of capital and further pressure from a relatively strong dollar, according to a Reuters poll.
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Government to Be Very Concerned by Big China Devaluation: Arvind Panagariya
India would be very concerned if China were to allow a major devaluation in the yuan currency, its Group of 20 summit negotiator told Reuters, adding that he doubted Beijing would allow this to happen.
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China Has No Intention To Boost Exports With Yuan Devaluation: Premier
China does not intend to use a cheaper yuan as a way to boost exports and has the tools to keep the currency stable, Chinese Premier Li Keqiang said in a meeting with the president of the European Bank for Reconstruction and Development, state news agency Xinhua reported on Saturday.
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Donald Trump Says He Would Tax Chinese Goods To Stop Currency Devaluation
US Republican presidential hopeful Donald Trump called for higher tariffs on Chinese goods if China does not stop allowing its yuan currency to devalue.
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Chinese Stocks, Yuan Slip Amid Global Gloom
Chinese stocks and the yuan slipped on Thursday, despite the efforts of the authorities, as the gloom enveloping global markets overwhelmed signs that China's economy is not weakening as fast as some investors had feared.
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China Steps Up Efforts to Stabilise Yuan, Stocks Still Fragile
China stepped up efforts to curb bets against its currency and reassure sceptical investors, as its central bank set another firm fix for the yuan on Tuesday backed by what dealers said was aggressive yuan buying offshore.
-
Bitcoin Sinks to $26,000 Mark First Time Since June, Most Cryptocurrencies Record Losses
The crypto market cap, in the last 24 hours, dropped by 7.29 percent. Bitcoin and Ether both registered losses of around seven percent on Friday. Most cryptocurrencies tagged behind the top two coins into the loss-ridden part of the crypto chart.
-
Yuan Falls To Fresh 11-Year Lows On Trade War Worries
Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.
-
Rupee Suffers Biggest Slump Against Dollar In 6 Years: 10 Things To Know
The rupee nosedived 113 paise or 1.62 per cent against the US dollar and breached the 70-mark on Monday, news agency Press Trust of India (PTI) reported. The fall in rupee's value marked the biggest single-day drop in the last six years. The depreciation came on the back of escalation of trade tensions between the United States and China, a sharp d...
-
This Man Spent Seven Years And $240 Million Waiting For A China Crash
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
-
Market Bears Smell Blood As China Scrambles To Plug Capital Outflows
China is trying to tighten its grip on capital outflows after a slide in the yuan this year of almost 6 percent, which has pushed the currency down to levels last seen more than eight years ago.
-
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.
-
IMF Sees Little Room for Dramatic Yuan Depreciation
The International Monetary Fund (IMF) has said it does not expect a very dramatic depreciation of the Chinese yuan anytime soon, but the multilateral agency has instruments in place to deal with volatility on account of any further devaluation.
-
Use of Yuan for Trade Deals Seen Growing
More China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.
-
China Forex Reserves Fall to Lowest Since May 2012
China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.
-
Chinese Yuan to Fall but No Big Devaluation Seen: Poll
The Chinese yuan will slide to a multi-year low in the coming 12 months based on expectations of more monetary policy easing, continued outflows of capital and further pressure from a relatively strong dollar, according to a Reuters poll.
-
Government to Be Very Concerned by Big China Devaluation: Arvind Panagariya
India would be very concerned if China were to allow a major devaluation in the yuan currency, its Group of 20 summit negotiator told Reuters, adding that he doubted Beijing would allow this to happen.
-
China Has No Intention To Boost Exports With Yuan Devaluation: Premier
China does not intend to use a cheaper yuan as a way to boost exports and has the tools to keep the currency stable, Chinese Premier Li Keqiang said in a meeting with the president of the European Bank for Reconstruction and Development, state news agency Xinhua reported on Saturday.
-
Donald Trump Says He Would Tax Chinese Goods To Stop Currency Devaluation
US Republican presidential hopeful Donald Trump called for higher tariffs on Chinese goods if China does not stop allowing its yuan currency to devalue.
-
Chinese Stocks, Yuan Slip Amid Global Gloom
Chinese stocks and the yuan slipped on Thursday, despite the efforts of the authorities, as the gloom enveloping global markets overwhelmed signs that China's economy is not weakening as fast as some investors had feared.
-
China Steps Up Efforts to Stabilise Yuan, Stocks Still Fragile
China stepped up efforts to curb bets against its currency and reassure sceptical investors, as its central bank set another firm fix for the yuan on Tuesday backed by what dealers said was aggressive yuan buying offshore.
