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China yuan News
You will not be able to buy gold in festive season? Yellow metal seen priced at Rs 40,000
Tue, Aug 20, 2019
Currently, gold is going through a massive buying spree amid amid present and future global equity market concerns.
China Central Bank to issue bills in Hong Kong to contain decline in Yuan
Tue, Jun 11, 2019
China`s central bank said on early Tuesday it will sell yuan-denominated bills in Hong Kong in late June, in a move that some market analysts believed was aimed at stemming a sharp decline in the yuan currency.
China's yuan edges lower against US dollar
Thu, Feb 28, 2019
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, Xinhua news agency reported.
Beware! Investors raising shorts on emerging market currencies
Thu, Jul 26, 2018
Asian currencies have been hobbled in the past two weeks as the U.S. dollar firmed due to more clarity on the Federal Reserve`s rate stance and as trade war ructions caused capital to depart from the region. The number of Americans filing for unemployment benefits dropped to a more than 48-1/2-year low for the week ended July 14 as the labor market strengthens further.
Indian Rupee to rebound but path rife with pitfalls: Reuters poll
Wed, Jun 13, 2018
"We expect the dollar to start weakening around the end of this year or the start of next year. Weaker dollar is expected to support most emerging market currencies," said Amy Yuan Zhuang, chief Asia analyst at Nordea. Rising inflation is a well-established risk and any further rapid rise in global crude prices would weigh heavily on the fiscal arithmetic, which is already widening.
Analysts had expected Rupee to cross 70; it is now among best performers in Asia
Tue, Mar 14, 2017
Around this time last year analysts and currency experts were betting for Indian Rupee to be one of the worst performers globally. They expected Rupee to cross Rs 70 to a dollar by December 2016.