Tuesday, April 20, 2021
Tags Exchange rate

Tag: Exchange rate

Beijing Expected to Bolster Yuan Before Visit by Trump

Currency strategists expect the People's Bank of China to push the Chinese yuan higher in the lead up to Donald Trump's visit to Beijing...

Central Bank Insiders Push for Greater Exchange Rate Flexibility

A new report from a leading Chinese think tank has called for the central bank to give the exchange rate greater latitude of movement. The...

RMB Central Parity Rate Against US Dollar Rises for Ninth Consecutive Trading Day

The Chinese yuan's central parity rate against the US dollar rose 42 basis points on 7 September to 6.5269, for the ninth consecutive trading...

Does PBOC Plan on Ratcheting the Yuan Band Wider?

Sources cited by Reuters claim that the China's central bank is mulling an expansion of the yuan's trading range following the 19th National Congress...

Is China’s Deleveraging Campaign Driving Up the Yuan?

The central government's ongoing deleveraging campaign as well as renewed efforts to stymie capital outflows could push the Chinese yuan higher in the second...

Offshore RMB Rises to 9 Month High Against the Greenback

A languishing greenback has helped to push the offshore exchange rate for the Chinese yuan to a nine month high. On 1 August offshore RMB...

Chinese Yuan Rises to 7 Month High Against Greenback

The Chinese yuan has risen for the sixth consecutive trading day against the US dollar to tap a 7 month high. The RMB-US middle rate...

We Have the Ability to Maintain China’s Financial Stability: Li Keqiang

The Chinese premier has reassured the head of the International Monetary Fund about China's ability to maintain the health and stability of its finance system. Premier Li...

Most Read

China Construction Bank VP Lu Jiajin Expected to Assume Chairmanship of Industrial Bank Following Two Year Vacancy

The vice-president of one of China's big six state-owned banks is tipped to assume the role of chairman of a leading regional...

Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...

China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...

Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...