Tag: Yuan

Monday, May 16th 2022 - 09:26 UTC
Weighting SDR's currency basket, Dollar and Yuan up; Euro, Yen and Pound down

IMF increased the Chinese Yuan's weighting in the Special Drawing Rights (SDR) currency basket to 12.28% from 10.92% in its first regular review of the SDR valuation since the Chinese currency was first included in the basket in 2016, the Chinese central bank, PCB, reported on Sunday.
Saturday, February 26th 2022 - 09:54 UTC
Russia and China bilateral trade moving to the Yuan, gradually replacing the US dollar

The Ukraine war which has impacted on Russian markets and particularly the plunge of the ruble, should not be a major cause of concern for China-Russia bilateral trade since a growing percentage of business is done with the Chinese currency Yuan, as the two countries move towards de-dollarization, according to financial circles in Beijing.
Saturday, October 16th 2021 - 09:15 UTC
Argentina has become a Chinese Yuan testing ground in trade and investment

Following several currency swaps by which China has helped to support the Argentine central bank depleted international reserves, the administration of president Alberto Fernandez intensified relations with Beijing and a year ago allowed transactions between the two countries to be made in Yuan.
Tuesday, July 27th 2021 - 07:39 UTC
Chinese currency takes third place in global trade

The Chinese yuan has taken third place among internationally-traded currencies in 2020, according to a Renmin University of China report released over the weekend, which also foresees it may continue to expand.
Friday, October 2nd 2020 - 09:01 UTC
Argentine central bank will promote Chinese Yuan for foreign trade negotiations

Argentina's central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current “uniform daily devaluation” strategy as it seeks to adapt its monetary policy amid sharpening economic turmoil.
Tuesday, September 22nd 2020 - 08:30 UTC
Trump admits he was prepared to adjust the dollar exchange rate to combat China's Yuan

U.S. President Donald Trump on Monday revealed he was rebuffed when he asked officials to adjust the exchange rate of the dollar to counteract what he described as repeated currency manipulation by China of its Yuan.
Tuesday, February 4th 2020 - 08:29 UTC
Coronavirus hits Chinese markets and the Yuan, despite central bank liquidity injection

Investors erased US$ 393 billion from China’s benchmark stock index on Monday, sold the Yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year.
Tuesday, October 22nd 2019 - 12:12 UTC
How has the US-China trade war affected forex?

There are many factors that affect the value of currencies and influence the flow of foreign exchange, but few have a more significant impact than a trade war.
Wednesday, August 7th 2019 - 08:44 UTC
Sino/US clash eases: Beijing supports Yuan and Washington pledges to continue trade talks

Asian shares steadied slightly on Wednesday as investors caught their breath from a searing week-long selloff, with steps taken by Chinese authorities to contain a sliding Yuan helping calm fears of a full-blown Sino-U.S. trade and currency war.
Tuesday, August 6th 2019 - 09:15 UTC
World stock markets plunge as Beijing lets its currency to devalue and halts purchase of US farm produce

World stock markets plunged on Monday as Beijing parried US President Donald Trump's latest tariff announcements by moving to let China's Yuan currency devalue and halting purchases of US agricultural products.