Category: CNY News

Chinese Yuan News and Analysis from varies Financial media, we summarize all CNY news into a sitemap summary with link to related CNY News for the one who wanted to catch up Chinese Yuan price change in timely manner.

PBOC sets USD/ CNY reference rate for today at 6.5361

People’s Bank of China set the onshore yuan mid-rate for the trading session ahead.
– 50bn mature today
– thus a net 30bn drain   Want to know more click here go to ForexLive market news source….

China’s central bank to conduct strict supervision on cash rejection

In response to a trend towards discriminating and exclusion of using cash, China will carry out centralized rectification of the rejection of cash and the formation of sustainable mechanisms, said Li Wei, director of Technology Department of People's Bank of China (PBC) on Thursday. Source: Global Times | 2020/11/26 15:47:32Want to know more on China's central bank to conduct strict supervision on cash rejection click here go to...

ICYMI – PBOC says will keep China’s yuan rate flexible, allow market to determine rate

From a People's Bank of China's quarterly report, some remarks from the Bank on policy:  - will maintain normal monetary policy for as tong as possible - will keep macro leverage ratio basically stable (Headlines via Bloomberg) Want to know more on ICYMI - PBOC says will keep China's yuan rate flexible, allow market to determine rate click here go to Forex news source. Forex news summary from ForexLive...

Yuan eases as fresh Sino-U.S. barbs weigh on post-election rally

The yuan edged lower against the dollar on Monday as fresh tensions between Beijing and Washington sapped appetite for the Chinese currency, even as investors eyed longer-term prospects of improving ties under a Biden presidency. The Trump administration is looking at moves that would restrict 89 Chinese aerospace and other companies from buying a range of U.S. goods and technology, according to a draft copy of the list...

China’s yuan softer on dollar buying, but more appreciation expected

China's yuan dipped on Thursday, pulling back from near 29-month highs on dollar buying, but analysts and traders said they expected the currency's appreciation to resume as rising expectations for easing weigh on the greenback. The softer yuan came despite a stronger fixing by the central bank. Before the market open, the People's Bank of China set the midpoint rate of the yuan's daily trading band at 6.5484...

Here is what’s on the economic calendar in Asia today – China PBOC rate decision

The  People's Bank of China set their one- and five-year loan prime rates (LPR) today, due at 0130 GMT  Also coming up: 2330 GMT Tokyo inflation data for October - Tokyo area CPI (national level CPI for the month follows in three weeks)Want to know more on Here is what’s on the economic calendar in Asia today - China PBOC rate decision click here go to market news...
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