yuan
RMB Vying to Join the Ranks of the World’s Reserve Currencies
- Before being included in the IMF's Special Drawing Rights basket of reserve currencies, the Chinese renminbi has a few hurdles to clear.
Wednesday, 05/08/2015 | 13:20 GMT by
Andy Traveller
First RMB-Denominated ETF Lists in Paris Alongside MoU
- Relations between China and Europe have just gotten closer in the realm of finance.
Tuesday, 30/06/2015 | 22:13 GMT by
Andy Traveller
Investors Turn Pessimistic on Chinese Yuan as China Enters "New Normal"
- Investor sentiment on the yuan turned bearish as the People's Bank of China is expected to continue easing monetary policy to provide relief for the export dependent economy, now the world's largest (by purchasing power parity).
Thursday, 05/03/2015 | 11:40 GMT by
Avi Mizrahi
Australia and China Sign Historic Free Trade Agreement as Businesses Rejoice
- Australia has agreed to the closest trade ties with China compared to any other region aside from HK and Macau. With negotiations concluded, the agribusiness revenue frenzy can commence subject to Parliamentary and JSCOT approval.
Tuesday, 18/11/2014 | 05:24 GMT by
George Tchetvertakov
South Korea Looks to Expand Yuan, Won Direct Trading Capabilities
- South Korea is poised to launch new direct trading capabilities between the Chinese yuan and the Korean won in December in a bid to help attract Chinese business and serve as a hub for yuan transactions.
Friday, 31/10/2014 | 07:57 GMT by
Jeff Patterson
China Extends Sphere of Influence in Asia by Stitching Closer Ties with Singapore
- As China's economic mass continues to expand, its influence on neighbouring countries and world markets is following suit. With Yuan liberalisation continuing at a measured pace, Singapore is in a prime position to benefit.
Monday, 27/10/2014 | 13:31 GMT by
George Tchetvertakov
HKEx Plans to Launch RMB Denominated Aluminium, Zinc and Copper Futures
- After one of its subsidiaries was named administrator for platinum and palladium benchmarking, the parent company HKEx announces new aluminium and zinc contracts that coincidentally relate to ongoing legal challenges in the US and UK.
Wednesday, 22/10/2014 | 01:18 GMT by
George Tchetvertakov
US Treasury Calls on China and South Korea to Go Further in Currency Appreciation
- As the US Treasury calls on countries to allow domestic currencies to strengthen, the government agency is forgetting that accommodative, 'weak dollar' Fed policy has been weakening the dollar and proving a competitive advantage for decades.
Thursday, 16/10/2014 | 06:28 GMT by
George Tchetvertakov
Bank of China Takes New Leaps to Enhance China-Russia Co-operation
- Two leading players from the BRICS have extended their business co-operation. Bank of China and the Moscow Exchange have signed a memorandum of understanding as they strengthen their financial markets partnership.
Monday, 13/10/2014 | 17:15 GMT by
Adil Siddiqui
FXTM Expands Range of Trading Instruments; Focuses on Yuan and Gold
- FXTM expands its product range to appeal to clients' changing tastes and preferences, driven by macroeconomic developments worldwide.
Tuesday, 07/10/2014 | 11:03 GMT by
George Tchetvertakov
Moscow Exchange Sets New Records as Chinese Yuan Trading Volume up 60% in September MoM
- CNY/RUB volume jumped 60% MoM and the yuan trading volume have reached CNY 834 million (RUB 5.3 billion) on 29 September, a new daily record since trading in the currency was launched at MOEX in late 2010.
Thursday, 02/10/2014 | 15:55 GMT by
Avi Mizrahi
Global Renminbi Payments Are Growing Steadily as China Mulls Unrestrained Currency Liberalization
- SWIFT is reporting that 35% of businesses now use the Renminbi for international payments. Continuous growth in Renminbi use could eventually force China's hand in how it disentangles itself from currency management.
Friday, 26/09/2014 | 11:56 GMT by
George Tchetvertakov
UK on Track to Rule RMB Market - Launches 1st Non-Chinese Offshore Yuan Bond
- The UK government has launched the first non-Chinese offshore bond denominated in renminbi, traded globally. The instrument is expected to bolster activity in the offshore RMB market and neutralise currency risk.
Friday, 12/09/2014 | 18:53 GMT by
Adil Siddiqui
Yuan-Ruble Trading Set New Records in July at Moscow Exchange FX Market
- Internal reforms at the venue, increased demand from Russian firms, efforts to move from the U.S Dollar to direct settlement and the need to manage counterparty risk are credited with driving CNY/RUB volumes
Sunday, 03/08/2014 | 08:59 GMT by
Avi Mizrahi
Much like in World Cup, the Emerging Ones May Be FX’s Next Sensation
- Declines in volumes and volatility brings to the spotlight some exciting currencies and uncommon pairings. Can the BRIC block’s national coins go all the way to the final stages on the FX trading pitch?
Saturday, 28/06/2014 | 14:47 GMT by
Adil Siddiqui
PBOC Launches Direct Renminbi to British Pound Trading
- The PBOC has announced today that they will begin to offer direct trading of the renminbi (RMB) and British Pound (GBP) on the interbank FX market. The GBP becomes the fifth currency to trade directly with the RMB
Wednesday, 18/06/2014 | 10:56 GMT by
Ron Finberg
Alpari RU Expands Client Coverage with Yuan, Shekel, Lira and Rand Offering
- Increasing its slate of available trading instruments, Alpari RU has announced the launch of six new forex pairs. Heading the list are the USD/CNH and USD/ILS which are new currencies to appear at the RU unit.
Monday, 26/05/2014 | 14:26 GMT by
Ron Finberg
Taiwanese Regulator to Punish Four Banks for Selling Complex FX Derivatives
- After the recent drop in the Yuan exchange rate, the Financial Supervisory Commission of the Republic of China announced it will penalise four banks including SinoPac Financial for not warning of FX risks.
Wednesday, 30/04/2014 | 10:49 GMT by
Avi Mizrahi
BTC-e Launches Yuan Denominated Bitcoin and Litecoin Trading
Sunday, 30/03/2014 | 18:57 GMT by
Ron Finberg
China’s PBOC Takes Step Towards More Floatable Yuan, Trading Band Doubles to 2%
- The People’s Bank of China (PBOC) has announced it will effectively double the trading band for the yuan to 2% in an attempt to foster more volatility and forex responsiveness out of the Chinese currency.
Saturday, 15/03/2014 | 14:37 GMT by
Jeff Patterson
MXT Global Initiates USD/CNY and Commodity Offerings Amid Widespread Interest
- MXT Global, a provider of forex trading technology and financial services in Australia, has announced the inclusion of the USD/CNY to its currency suite following accumulated demand from its clientele.
Monday, 10/03/2014 | 07:19 GMT by
Jeff Patterson
IC Markets to Launch Chinese Yuan and Russian Ruble Trading
- Seeing customer demand and reacting to trading volatility, Australian IC Markets is launching trading in the Chinese yuan (USD/CNH) and Russian ruble (USD/RUB) on both its MT4 and cTrader platforms.
Wednesday, 05/03/2014 | 09:37 GMT by
Ron Finberg
U.K. Hot for Chinese Currency as IFC to Issue 1Billion RMB-based Bond in London
- As China's currency becomes internationlized, the largest issued bond coming from a Multilateral organization backed by 184 member countries is set to issue in March for 1 billion RMB ($165 Million) in London.
Thursday, 27/02/2014 | 22:41 GMT by
Steven Hatzakis
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