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RMB exchange rate
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If current momentum remains intact, the euro could extend to 1.0950.
US CPI data came in weaker than expected, surprising the markets and leading to a sharp depreciation in the Dollar...
Read moreDollar Index Could Test 105.50-105.80
The Dollar Index may test 105.50-105.80 before falling again, while the Euro may try to rally back towards 1.08 while...
Read moreMorning Briefing: Stocks Look Bullish in the Near Term
The Dollar Index plunged after the release of the NFP data on Friday, taking most other currencies higher against the...
Read moreUSD/CNH: The chart of the day
Yuan ready to Weaken? The USDCNH is breaking out of a triangle today ahead of key Chinese data. On Wednesday...
Read moreGuotai Junan Securities: Depreciation Trend of Renminbi May be Nearing its End, Expects Stronger Renminbi Exchange Rate in Q4
According to a research report by Guotai Junan Securities, in the second half of the year, considering the increasing factors...
Read moreChinese Yuan Stabilizes with Ongoing PBOC Backing
The Chinese yuan exhibited a minor increase on Thursday, finding support from yet another notably robust daily midpoint fixing initiated...
Read moreNarrow Trading Ranges Observed in Asia
Throughout the Asian trading session, the USD/JPY pair exhibited a modest increase of 0.2%, reaching 145.13. This movement followed a...
Read morePBOC Announces Slight Reduction in One-Year Loan Rate
The People's Bank of China (PBOC) unveiled a modest reduction in its one-year loan prime rate, trimming it by 10...
Read moreChina’s State Banks Actively Absorb Offshore Yuan Liquidity, Increasing Costs for Shorting Currency
Chinese major state-owned banks were observed actively absorbing offshore yuan liquidity on Monday, as reported by three sources knowledgeable about...
Read moreExperts: Interest Rate Cuts Not Necessarily Long-Term Negative for Exchange Rates
Influenced by factors like divergent monetary policies and the strength of the US dollar index, the Chinese yuan exchange rate...
Read moreYuan Reaches Lowest Point in 9 Months
The yuan experienced a significant decline across both onshore and offshore markets in Asia, reaching its lowest level since November....
Read moreYuan Falls to 9-Month Low Following Surprising China Rate Cut
The yuan declined by 0.4% to 7.3079 against the dollar, dropping as far as 7.3125 per dollar in offshore trading....
Read moreChinese Yuan Depreciates Amid Property Sector Challenges
Beijing — The Chinese yuan faced a decline of 0.3%, pushing the USD/CNY exchange rate to 7.2550, as the yuan...
Read moreThe middle price releases a new signal, and the power to stabilize the exchange rate is strengthened
On August 9, the spot exchange rate of the onshore RMB against the US dollar stopped the rapid decline in...
Read moreCITIC Fixed Income Forecasts Strong Fundamental Support for Medium and Long-Term RMB Exchange Rate
According to CITIC Fixed Income Analysis, since the beginning of this year, as the Fed’s interest rate hike has gradually...
Read moreYuan slips after weak manufacturing PMI
USD/CNY climbed 0.5% to 7.1482 after data showed that the country’s manufacturing sector shrank for a fourth straight month in...
Read moreChina state banks seen selling US dollars to prop up yuan – sources
China's major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in...
Read moreYuan jumps as Beijing vows to boost economy
China's yuan strengthened after the country's top leaders pledged to step up policy support for the flailing economy, while the...
Read moreChinese yuan weakens, more stimulus fails to bring cheer
The Chinese yuan fell 0.1%, taking little support from a strong midpoint fixing by the People’s Bank of China. Markets...
Read morePBOC and the Foreign Exchange Bureau Take Action, and the Exchange Rate of RMB against the US dollar Rose Sharply
On today (July 20) morning, the People's Bank of China issued an official message stating that in order to further...
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