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Tuesday, November 24, 2020
Tags Greenback

Tag: Greenback

WSJ Claims China Has Re-pegged Yuan to the Dollar

A report by the Wall Street Journal claims that China has unofficially re-pegged its official currency to the US greenback following the election of President Trump. According...

Sustained RMB Rise Expected Despite Fed Flagging Rate Hike

China Merchant Securities expects continued appreciation of the RMB despite the US Federal Reserve flagging a gradual rise in interest rates. The minutes of the US central bank May 2...

Chinese Yuan Hits Three Month High Against the Greenback

The Chinese currency hit a three month high against the US dollar on 17 May. The median quote for Chinese yuan on Wednesday was 6.8635 to the...

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Chinese Commercial Banks Issue Nearly 600B Yuan in Tier-2 Capital bonds as Smaller Lenders Continue to Face Pressure

Commercial banks in China have stepped up efforts to replenish their capital levels via bond issuance since the start of 2020.

Digital Renminbi Will Break Big Data Monopolies, Replace All Forms of Traditional Money: Bank of China Senior Exec

A former senior executive with one of China's big six state-owned banks has highlighted the major impacts that the digital renminbi will...

China’s Per Capita Income to Leap 56 Places in Global Rankings by 2025, Exceed USD$25,000

China's global ranking in terms of per capita incomes is expected to surge over the next half-decade according to data from Bloomberg...

China’s Leading Economists Calls for Maintaining COVID-19 Stimulus Measures

Leading economics figures in China have signalled the maintenance of robust monetary and fiscal stimulus policies in the wake of the COVID-19...