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Chinese Yuan news

  
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Chinese yuan weakens to 6.1397 against USD Friday
Chinese yuan weakens to 6.1397 against USD Friday. Mar 27,2015. BEIJING, March 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened by 22 basis points to 6.1397 against the U.S. dollar on Friday, according to ...
Use of China's Yuan as Global Payment Currency Falls
China suffered a second setback in as many weeks in its drive to boost the use of its currency abroad, even as the country steps up efforts to open up its capital account.
China yuan falls to seventh place in global payment rankings: SWIFT  Economic Times
Fall in use of Chinese yuan for international payments  Treasury Insider
80% of bitcoin is exchanged for Chinese yuan
In a report out today from Goldman Sachs about the future of money, the bank points out that 80% of bitcoin volume is now exchanged into and out of Chinese yuan. The second-highest trading currency is the US dollar, followed by smaller denominations in ...
Chinese yuan dominates 80% of bitcoin trades  HITC
Yuan Bears Rein in Bets as China's Leaders Damp Band Speculation  Bloomberg
China's yuan may join elite money club this year
LOS ANGELES (MarketWatch) - In what would be a huge milestone in China's emergence as a major world financial power, the International Monetary Fund looks likely to adopt the country's currency into the basket that makes up its global forex benchmark.
Why China wants yuan to be the world's 5th reserve currency  Livemint
Foreign use of China's yuan loses ground
China suffered a second setback in as many weeks in its drive to boost the use of its currency abroad, even as the country steps up efforts to open up its capital account.
Chinese yuan falls in global payment rankings: SWIFT  China Post
China Pledges 'Radical' Moves To Open Capital Account In 2015  Forbes
China lobbies US to include yuan in IMF's reserve assets
"We hope the US side will support the process to add the Chinese yuan to the existing basket of the Special Drawing Rights," Li said, referring to the IMF's "supranational" fund used to supplement members' official holdings.
China Agrees to Delay Implementing Bank Technology Rules  Wall Street Journal
CORRECTED-UPDATE 4-China to delay bank tech restrictions, US Treasury ...  Reuters
Trading hub for Chinese currency opens for business in Toronto
Canada's financial services industry, including banks, insurers and the TMX Group, lobbied hard for nearly two years to win the designation, recognizing the opportunity to get on the ground floor as China moves to globalize its once isolated currency ...
Canada, China to launch North America's first yuan hub  bnn.ca
Toronto becomes first renminbi trading hub in North America  CBC.ca
Is now the right time to trade the Chinese yuan?
Ashraf Laidi outlines why now could be the ideal time to trade the Chinese yuan�. As China takes fresh steps to allow its currency to move more freely, the Chinese yuan is generating more interest from traders and investors. Chinese consumer demand ...
China's Currency Exchange Rate to Remain Stable  CRIENGLISH.com
China stocks fall more than 2 pct as new IPOs fan liquidity worries  Reuters UK
China's yuan plunges to new low as PBoC rate cut takes effect
The Chinese yuan fell to a more than two-year low on 1 March, ignoring positive surprise on the PMI data front, as the PBoC rate cut announced on Saturday (28 February) took effect.
Chinese yuan falls against dollar after rate cut  Channel News Asia
Yuan Drops to Two-Year Low as PBOC Rate Cut Boosts China Stocks  Bloomberg
Goldman Asset Management Bets Against Yuan on China Slowdown
(Bloomberg) -- Goldman Sachs Asset Management has been betting against the Chinese currency as a slowdown in the world's second-largest economy spurs capital outflows.