Dollar Up, Investors Wait for Latest Fed Policy Decision
By Gina Lee Investing.com – The dollar was up on Monday morning in Asia, with the U.S. Federal Reserve’s latest policy decision due later in the week. The U.S. Dollar Index that tracks the...
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USD/CNY - US Dollar Chinese Yuan News & Analysis
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Shares Rise Most in 10 Weeks; Agile Exits JV: Evergrande Update
(Bloomberg) -- Shares in China Evergrande Group jumped the most in 10 weeks, following its bonds higher, after signs of progress in what will likely be one of China’s largest restructurings....
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USD/CNY fix: 6.3411 vs. estimate of 6.3409
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3411 vs. the estimate of 6.3409 and the last close of 6.3396. About t
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Dollar Down, Investors Monitor Inflation and Fed Monetary Tightening
By Gina Lee Investing.com – The dollar was down on Friday morning in Asia. Fears that inflation will remain high and that the U.S. Federal Reserve will tighten its monetary policy soured...
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China's SAFE says fluctuations of the yuan play a key role as an automatic stabiliser
SAFE says two-way movement of the yuan to play a key role of automatic stabiliser in market. If you have any background in exchange rate theory you'll recognise this assertion. Of course...
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PBOC sets USD/CNY reference rate at 6.3492
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.3492 on Friday when compared to the previous fix and the previous close at 6.348
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Dollar Up, Halts Rally as U.S. Treasury Yields also Cool
By Gina Lee Investing.com – The dollar was up on Thursday morning in Asia but retreated as the week’s rally in U.S. Treasury yields also cooled. However, higher commodity prices supported...
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PBOC sets USD/CNY reference rate at 6.3485
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.3485 on Thursday when compared to the previous fix and the previous close at 6.3
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USD/CNY: Inflows to keep the yuan strong in the first half of 2022 – ING
The People’s Bank of China (PBoC) wanted to slow down yuan appreciation, and it has had some success at this. USD/CNY has now stabilised at 6.37. In t
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USD/CNY fix: 6.3624 vs the estimated 6.3606
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3624 vs the estimated 6.3606 and the prior 6.3521. About the fix Chin
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Chinese Authorities Crack Rug Pull Scam, Arrest 8 Individuals
China may have dropped out of the crypto race, but the country's crackdown on related crimes continues as police found a potential rug pull case.
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Digital yuan users jumps to 261M in 2021; transactions make little headway - CNBC
China's digital yuan users are expanding at a faster rate than transaction volume in the digital currency, CNBC reports.The digital yuan makes little headway as cumulative...
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China's digital yuan notches $8.3 billion in transactions in 6 months, taking a tiny share of payments
Digital yuan transactions totaled 53.1 billion yuan in the second half of last year, based on CNBC calculations of figures from the People's Bank of China.
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PBOC deputy governor says will keep yuan exchange rate basically stable
Will maintain various policy tools to keep liquidity reasonably ampleWill step up cross-cyclical policy adjustments in 2022Yuan exchange rate may deviate from equilibrium in near-term, but...
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USD/CNY fix: 6.3521 vs the estimated 6.3522
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3521 vs the estimated 6.3522 and the previous 6.3599. About the fix C
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From 6G to big data, China is looking to boost tech's share of its economy
The ambition highlights China's push to get ahead in new technology as it continues a rivalry with the U.S. in areas from semiconductors to AI.
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QiXinTian Serves Up Spicy Hong Kong IPO, Defying Pandemic with Major Expansion
Key takeaways: QiXinTian, China’s No. 3 hotpot restaurant chain, has filed for a Hong Kong ... Full story available on Benzinga.com
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Shell says electricity to meet 60% of China's energy use by 2060
SINGAPORE (Reuters) - China may triple electricity generation to supply 60% of the country's total energy under Beijing's carbon-neutral goal by 2060, up from the current 23%, Royal Dutch...
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China's strong yuan despite mixed data
China published mixed economic data noting a slowdown in a year-over-year comparison, but some of the data exceeded expectations. The Chinese renminbi has been on the offensive against the...
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Chinese yuan could come under more pressure after surprise rate cut
China's central bank unexpectedly cut loan rates on Monday — a move that will likely put more downward pressure on the Chinese currency, one analyst said.
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China Cuts Policy Interest Rate For First Time Since April 2020
(Bloomberg) -- China lowered a key interest rate for the first time since the peak of the pandemic in 2020 as a property-market slump and repeated virus outbreaks dampened the nation’s...
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China cuts key interest rates for first time since April 2020
China's People’s Bank of China cut key interest rates for the first time since the peak of the pandemic in 2020 responding to the property-market crisis and slowing economy. The...
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USD/CNY fix and liquidity operations: 6.3599 vs est 6.3604, PBoC to sell 700 Bln Yuan of 1-year MLF
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3599 vs the estimate of 6.3604 and the prior 6.3677. Additionally, in
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PBOC 700bn yuan of 1-Year MLF - cuts rate by 10 basis points
PBOC injects 700 bn yuan liquidity to the banking systemone-year MLFrate of 2.85%, down from previous 2.95% There are 500 bn yuan MLF and 10 bn yuan reverse repo expiring today.The Bank...
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Longfor Joins Peers With Spinoff, IPO for Property Management Arm
Key takeaways: Longfor has applied to list its property management arm in Hong Kong, following ... Full story available on Benzinga.com
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Chinese Law Enforcement Agency Have Reportedly Seized $1.7 Billion Worth of Crypto
China isn't done nixing crypto activities as a law enforcement agency has reportedly intensified crackdown on illegal cryptocurrency payments.
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Here's the full list of the best-selling electric cars in China for 2021
Tesla and BYD remained market leaders in China's electric car market last year, while new competitors emerged, according to the China Passenger Car Association.
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Dollar Down, Set for Weekly Fall as Interest Rate Hike Bets Firm
By Gina Lee Investing.com – The dollar was down on Friday morning in Asia, set for its largest weekly fall in eight months. Investors trimmed long positions as they bet that several U.S....
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