Page 2 - Yuan

Dollar jumps on safety flows after China data, yuan slips on rate cut

The U.S. dollar index against six peers rose 0.6% to 106.3, consolidating near the middle of its range this month. The euro eased 0.6% against the dollar to $1.0191, after touching a one-week low.

Understanding the e-yuan initiative

There is merit in carefully examining the recent developments in China's sovereign digital currency space and participating in it if India's interests are served

How Indian cement maker Ultratech bought Russian coal using yuan

There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine

Chinese currency weakens 260 pips to 6.7246 against dollar in early trade

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day

UltraTech Cement paying for Russian coal in Chinese yuan: Report

UltraTech importing from Russian producer SUEK, valued at 172.7 mn yuan; SUEK's Dubai unit facilitated trade from Russia's Vanino port; traders say other companies set to pay in yuan for Russian coal

Only 58% of global reserves are now in USD. Can the renminbi replace it?

While more reserves are now held in the renminbi, it is still less than one-fourth of the total shift away from the dollar, that too mostly by Russia

Foreign investors dump yuan amid China's Covid-19 lockdown, rate cuts

Foreign investors are dumping yuan and fleeing China post Covid-19 lockdown and rate cuts which is exacerbating foreign capital outflow

Chinese banks overflow with cash that nobody wants to borrow amid lockdowns

Struggling to find enough clients, banks have been swapping bills with each other just so they can meet regulatory requirements for corporate lending

Dollar slips from 2-decade highs; yuan falls on account of weak China data

Following the release of China's data, Bipan Rai, North America head of FX Strategy at CIBC Capital Markets, said trading was focused on macro economic data

IMF increases weighting of dollar, yuan in SDR basket amid weakness

The IMF raised the yuan's weighting to 12.28 per cent from 10.92

China's currency hits 18-month low against dollar, falls to 6.7134

China's Yuan hit the lowest mark against the US dollar in the last 18 months on Tuesday, falling to 6.7134 against the dollar, the lowest figure since October 30, 2020.

China lockdown fears rip through markets as stocks, commodities, Yuan tank

A Covid flareup that shut down much of Shanghai appeared to worsen over the weekend after China ordered mandatory tests in a district of Beijing and locked down some areas of the capital

China's yuan touches nine-day low as more pressure seen on yield gap

China's yuan touched its lowest level in more than a week against the US dollar as a narrowing yield gap and traders' concerns over the impact of the Ukraine crisis weighed

Yen falls to new five-year lows; Covid-19 hurts China's yuan

Analysts attributed the revival of risk appetite to the fact that Russian and Ukrainian negotiators hinted at progress in peace talks

Yuan calm against dollar even as Russia-Ukraine crisis deepens

Yuan was little changed against the dollar on Wednesday, as traders see limited short-term impact from the Russia-Ukraine crisis, while further western sanctions could benefit currency in long run.

Fundraising by Chinese private funds slips, slowing economy takes toll

Money raised by newly-launched private funds in China plunged 44% in January from a month earlier, amid a slowing economy and rising geopolitical tensions, latest official data showed.

China's yuan weakens as Ukraine-Russia conflict adds to market anxiety

China's yuan weakened against the dollar on Tuesday as investors rushed to safe-haven currencies amid elevated market anxiety after Putin ordered troops into breakaway regions of Eastern Ukraine.

China plans bigger tax cuts in 2022 to spur economic growth

China to unveil bigger tax and fee cuts this year and step up payments to local governments to offset their hit to revenues, Finance Minister Liu Kun said, amid efforts to support a slowing economy.

China-US monetary policy divergence aids yuan stability: Ex-regulator

'Therefore Sino-US monetary policy divergence will likely become greater,' Guan Tao, global chief economist at BOC International said

Yuan off 2-week high on weaker-than-expected fix and economic slowdown

Omicron has brought fresh challenges to China's strategy to quickly extinguish local outbreaks, and there are concerns that tough measures taken could end up hampering the economy