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updated Wed. April 4, 2018

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As China launches a new oil futures contract settling in yuan, is this the end of the petrodollar? Alasdair Macleod of Goldmoney.com believes it very well could be the beginning of a perhaps long end to dollar hegemony. But if the petroyuan has, indeed, threatened the status of the dollar, will this ...
SHANGHAI, April 3 (Reuters) - China's yuan again eased against the U.S. dollar on Tuesday, as there continued to be corporate demand for the greenback following the previous day's strongest fixing for the Chinese currency since its 2015 devaluation. Globally, the dollar was largely steady against ...
While the dollar has served as a powerhouse within the oil market, the Yuan is positioned to succeed it. According to Al Jazeera, China's appetite and need for crude are increasing annually. With 9 million barrels needed daily, being capable of paying in Yuan instead of the dollar. The balance of power ...
The People's Bank of China (PBOC) set the Yuan reference rate 6.2926 vs. previous day's fix of 6.2833. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not ...

Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging ...
China's forex regulator has warned residents and companies not to "gamble" on the yuan's exchange rate, as the currency's rapid appreciation raises concerns about its impact on Chinese exports. The warning from Wang Chunying, head of the international payments department at the State ...
On Tuesday, the People's Bank of China set the yuan's exchange rate at its highest level--6.2816 yuan per dollar USDCNY, +0.0159% USDCNH, +0.0112% --since August 2015, when the foreign exchange fix had its biggest drop since the current system's inception. The currency pairs can trade within ...
With West Texas Intermediate trading in New York and Brent trading in London remaining the world's established crude benchmarks, Beijing hopes that the contract denominated in yuan could make pricing more fair and better reflect the existing correlation of demand and supply on the oil markets of China ...
Mr. Trump's threatened tariffs on Chinese exports pose a downside risk for the RMB. If the tariffs actually are implemented as billed, the RMB could depreciate by around 5-to-6%. But we still see scope for negotiation, though the Chinese side understandably appears confused as to who precisely are their ...
The trade wars have begun with the Trump administration announcing a $60 Bln tariff on China and calls for a $100 Bln deficit cut; A silver lining to the day's headlines was announced metal tariff exemptions for Europe, Australia, South Korea and more; Risk aversion kicked in for the S&P 500 and Dow; but ...
SHANGHAI, March 22 (Reuters) - China's yuan rose to a one-week high against the dollar on Thursday, underpinned by a strong official fixing and weakness in the greenback after the U.S. Federal Reserve did not indicate faster monetary tightening this year as some had expected. The dollar eased versus ...
Rounds of 71-69-68-70 suggest Yuan's game is in good shape as he was 10-under for the 72 holes in a low scoring tournament in Chengdu last week when T17. He will be keen to keep that form going and move up the money list this week with the incentive of Web.com Tour status on offer for those who ...
Since China has become the largest customer for oil producers in the Middle East, the international environment has steered toward internationalization of the yuan. Especially since Donald Trump became US president in January 2017, the dollar has been weakening. The US' move toward protectionism ...
SHANGHAI, March 13 (Reuters) - China's yuan edged up against the U.S. dollar on Tuesday after the central bank set a much stronger midpoint, but trade was thin as market participants awaited U.S. inflation data for clues on the outlook for the greenback in the near term. U.S. job data released last Friday ...
The Shanghai International Energy Exchange (INE)—a child of the Shanghai Futures Exchange—continues to excite and frustrate domestic and international market participants over the launch of its crude-oil futures contract. Banks, whose market-making role would be crucial to the success of the contract, ...

BEIJING, March 14 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 13 basis points to 6.3205 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or ...
"While the yuan could move into No. 4 in global foreign-exchange trading over the 10-year horizon of our report, it is unlikely to challenge the yen for leadership in Asia in this regard," Morgan Stanley analysts wrote in a note on the future of Asian finance to 2027. The dollar and euro are first and second ...
The forecast reflects the view of a number of observers that China's role in the global economy will continue to vastly outweigh its currency's presence in financial markets. A botched 2015 move to embrace greater volatility in the yuan spooked investors around the world, and spurred Chinese officials to ...
BEIJING, March 12 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 118 basis points to 6.3333 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall ...
Democratic Progressive Party (DPP) lawmakers yesterday lambasted a court ruling last week that allowed a judge convicted of sexual harassment to just pay a fine instead of losing his job, a ruling that was also criticized by two Control Yuan members. The Judicial Yuan's Court of the Judiciary in 2016 ...
SHANGHAI, March 12 (Reuters) - China's yuan inched up against the U.S dollar on Monday, supported by a firmer yuan midpoint and slight weakness in the greenback, but market participants expect the Chinese currency to move only marginally in the near term. The dollar eased fractionally against a ...
As China plans to further open up its market and promote free global trade and investment, the yuan is expected to play a greater global role. China has done most of what it takes to pave the way for expanded usage of yuan globally, central bank governor Zhou Xiaochuan recently told a press conference ...
BEIJING, March 10 (Xinhua) -- As China plans to further open up its market and promote free global trade and investment, the yuan is expected to play a greater global role. China has done most of what it takes to pave the way for expanded usage of yuan globally, central bank governor Zhou Xiaochuan ...
The Chinese yuan has appreciated 10 percent against the dollar since the start of 2017, quelling some criticism that the export giant has been deliberately suppressing its currency to gain economic advantage over its trading partners. This is all going according to China's plan, experts said. Although the ...
China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing's efforts to establish its currency internationally. Shifting just part of global oil trade into the yuan is potentially huge. Oil ...
The yuan oil futures will begin trading March 26 on the Shanghai International Energy Exchange, a unit of the Shanghai Futures Exchange. Foreign traders will be allowed to invest directly - a first for China's commodities markets. Trading in raw materials across the nation's three main bourses has exploded ...
Speaking of the irresistible, Gao Yuan Yuan has been an ardent admirer of Chaumet for decades having worn the brand's pieces to film premieres and five-star events for years. This was partly because of her love of the jewellery designs, but also due to her attraction to the company's message.
BEIJING, Feb. 23 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 48 basis points to 6.3482 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 ...
The Chinese yuan has appreciated 10 percent against the dollar since the start of 2017, quelling some criticism that the export giant has been deliberately suppressing its currency to gain economic advantage over its trading partners. This is all going according to China's plan, experts said. Although the ...
SHANGHAI, Feb 22 (Reuters) - China's yuan eased against the U.S. dollar on Thursday, the first trading day after long Lunar New Year holiday, following a much weakened official guidance rate and strength in the greenback. Trading in the domestic foreign exchange market resumed on Thursday after the ...
Below, detailed embroidery showcases an old Chinese coin that used to represent a single yuan; here it represents the popular aspiration for a prosperous New Year. Elsewhere, the sneaker's usual details are in place, including its removable shroud, pull tab on the heel, and visible Air Unit on the midsole.
The US dollar enjoys a special privilege in the world due to its dominance in the global oil trade. The agreement that created this dominance was predicated on the United States being the largest oil importer in the world, which is no longer the case. China is rolling out a new gold-backed yuan oil contract ...
The Chinese yuan has been steadily losing its attraction, according to a report by Swift payment system. As an effect of economic stagnation, uncertainties surrounding high levels of domestic debt, higher volatilities in its domestic markets, surprised devaluations of the yuan in August in 2015, large ...
The launch of yuan-denominated crude oil futures next month is yet another attempt by China to wield its economic influence, but traders warn that although the contract is likely to be actively traded it will take some time before it can establish itself as a global benchmark. “Active trading will probably be ...
BEIJING, Feb. 15 (Xinhua) -- China's yuan funds outstanding for foreign exchange rebounded last month. The funds stood at 21.48 trillion yuan (3.39 trillion U.S. dollars) at the end of January, up by 4.48 billion yuan from the previous month, according to the People's Bank of China. The reading dropped ...
Nike continues to celebrate the Chinese New Year this week, as we now get a look at yet another sneaker designed in conjunction with the holiday, the Air More Money “Yuan.” With the yuan being the official currency of China, the shoe in turn boasts a predominantly black look, accented by touches of gold.
Previously releasing in iterations for the United States, Japan, France, and Great Britain, this time around, the Swoosh is paying homage to the Chinese Yuan. Dressed in a dark, regal color scheme, it boasts the image of an old coin that once represented the value for one Yuan, but is no longer in circulation ...
The yuan USDCNY, +0.0442% also known as the renminbi, is government-controlled and ordinarily trades in a tight range against the dollar. Many emerging-market governments keep close track of their currencies to stabilize them against the backdrop of economic growth that is often export or commodity ...
China is on a drive to promote the use of its currency globally but the yuan is still far from upsetting the greenback, according to an important global metric. Data released this week from Swift, the global interbank system that transfers trillions of dollars worth of currency daily, showed that just 1.61 percent of ...
SHANGHAI, Jan 24 (Reuters) - China's central bank will inject 220 billion yuan ($34.38 billion) into money markets on Wednesday, traders said. The People's Bank of China (PBOC) is injecting 110 billion yuan through seven-day reverse bond repurchase agreements, 100 billion yuan through 14-day ...
SHANGHAI, Jan 23 (Reuters) - China's yuan firmed against the U.S. dollar on Tuesday after the central bank set its midpoint fixing at the strongest in more than two years while the greenback remained vulnerable. The dollar pared some losses after U.S. senators struck a deal to lift a three-day government ...
BEIJING, Jan. 24 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 93 basis points to 6.3916 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall ...
BEIJING, Jan. 22 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, advanced Monday to its highest level since Dec. 8, 2015. The central parity rate of the yuan, strengthened 57 basis points to 6.4112 against the U.S. dollar Monday, according to the China Foreign Exchange ...
The currency was buoyed by strong Chinese yuan. On a weekly basis, however, the won edged down 0.1 percent. ** In offshore trading, the won was quoted at 1,064.46 per U.S. dollar, up 0.49 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,056.6 per ...
Chinese Yuan continues its ascent against the US dollar as investors ignore rising treasury yields. As per Bloomberg report, Yuan (CNY) rose above 6.4 USD today; its highest level since December 2014. Information on these pages contains forward-looking statements that involve risks and uncertainties.
BEIJING, Jan. 19 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, advanced to 25-month high on Friday after China released expectation-beating economic figures for 2017. The yuan strengthened 232 basis points to 6.4169 against the U.S. dollar Friday, according to the ...
China's foreign exchange regulator said on Thursday the yuan's recent appreciation is driven by the economy and a weaker dollar and that it expects two-way fluctuations in the currency to be the norm. State Administration of Foreign Exchange spokeswoman Wang Chunying also told reporters China's ...
The Chinese yuan, or renminbi, could give the dollar a run for its money one day, at least when it comes to being a major reserve currency, analysts say. Those days may still be far off in 2018, but recent developments show that there's a new kid on the reserve block that's worth noting. “There's nothing quite ...


 

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