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Chinese Yuan news

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China's Yuan Rises to 33-Week High as Manufacturing PMI Jumps to 3-Month ...
The Chinese yuan has rallied to a 33-week high with data showing manufacturing activity continuing to expand albeit at a slower rate in the world's second largest economy.
On Forex Front, Russia Diversifying Into Chinese Yuan
Russia is diversifying away from the dollar and euro and into what everyone expects to one day be a global currency that will rival the Japanese Yen.
Bank of China Takes New Leaps to Enhance China-Russia Co-operation  Forex Magnates
Russia Seals Deal With China on Currency Swap  Wall Street Journal (blog)
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China's Yuan Bucks Economic Slowdown, Climbs to 7-Month High
China's yuan hit a seven-month high Tuesday, despite gathering signs of a slowdown in the country, downward pressure on the currency and struggling global financial markets.
Reserves Make Winners of Chinese Yuan, Taiwan Dollar  Bloomberg
China's yuan hits highest level since March on guidance  Daily Mail
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China's Yuan Hits New Half-Year High, This Time Due to Alibaba
Despite possible yuan appreciation pressure Alibaba's dollar sales could bring, some traders say it may also help the yuan to continue its mild rise, ignoring the dollar's recent broad gains.
Tech billionaires top China's rich list  CCTV-America
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Chinese Yuan and US dollar compete in African markets
A number of African central banks are applying to the Chinese Central Bank for currency swaps, with Zimbabwe and Ghana already using the RMB as part of their reserve currency.
U.K. Hires Banks for World's Debut Non-Chinese Bond in Yuan  Bloomberg
Why Canada needs a renminbi trading hub now  Financial Post
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China's yuan edges higher after long holiday break, gains limited
By Saikat Chatterjee HONG KONG, Oct 8 (Reuters) - China's yuan edged higher on Wednesday after a week-long holiday break, as the central bank fixed the yuan's daily midpoint broadly in line with market expectations.
HSBC Calls for More Panda Bonds on Onshore Yuan Demand  Businessweek
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After Two Months in a Tight Range China Yuan Awaits CPI Data Next Week
The Chinese yuan has completed almost two months in its medium term range with the central bank not showing keen interest in pushing up or down the currency amid mixed economic signals.
China Allows Direct Trading of Yuan, Euro in Interbank Market
Reuters. SHANGHAI�China's central bank said Monday that it will allow direct trading between the yuan and the euro in the interbank market for the first time, a major step in increasing trade and investment ties between the country and the European Union.
Yuan to Start Direct Trading With Euro as China Pushes Usage  Bloomberg
China's yuan rebounds, offshore investors wary of Hong Kong unrest  Daily Mail
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Chinese Yuan Rises To 7-month High Against US Dollar
If the yuan extends its uptrend, it is likely to find resistance around the 6.08 area. The People Bank of China set today's central parity rate for yuan at 6.1437 per dollar, compared to Tuesday's reference rate of 6.1410. The central bank sets the ...
Market exchange rates in China -- Oct. 22  Shanghai Daily (subscription)
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Could it be the next global reserve currency?
In March this year Zimbabwe joined a growing list of countries in Africa and the world using the Chinese currency, yuan, also known as remnibi (RMB), as one of its official currencies after its central bank added the RMB, the Japanese yen, the ...
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