renminbi

Treasury Secretary Scott Bessent has said that China couldn’t sell U.S. Treasuries to destabilize the financial markets, as it would affect their economy by weakening their currency. What Happened: Bessent, while speaking to Yahoo Finance, reiterated that there was no purpose for China to...

In a significant shift, China’s yuan has surpassed the U.S. dollar as the most traded foreign currency in Russia. This development is a part of the ongoing trend of de-dollarization, reflecting a global move away from the dollar. What Happened: The Renminbi accounted for 42% of all foreign...

Standard Chartered ADR (OTCMKTS: SCBFY) Bank (China) announced it initiated the offering of digital yuan exchange services to customers. What Happened: The multinational bank’s China division is working with City Bank Clearing Services to give customers access to the digital yuan's...

Amidst China’s prolonged economic slump due to the impact of COVID-19, the offshore Yuan (CNH) has experienced significant depreciation against the Canadian Dollar (CAD), creating an enticing bottom-fishing opportunity for investors and traders. From a technical perspective, the pair has...

The offshore Chinese Yuan (CNH) is showing signs of a potential comeback against the Indian Rupee (INR) as it emerges from the bottom and rises above the 20-period simple moving average (red line). Recently, it has formed higher lows, indicating increasing strength. Currently, it stands at a...

Chinese investors are increasingly turning to offshore dollar deposits and Hong Kong insurance as confidence in the domestic economy wanes and the yuan weakens, Reuters reports. Offshore Rush Individuals are driving this surge, reflecting deep-seated concerns about China’s economy as its...

After a tumultuous and volatile start to 2016, Asia's market calmed down and then took a back seat on the international stage, which became fixated on the Brexit vote and then President-elect Donald Trump's run to the White House. Here is Bloomberg's look at how Asia's largest economies performed...

Monday saw the central parity rate of the Chinese Yuan versus the U.S. Dollar hit a six-year low of 6.769 Renminbi per Dollar, as the U.S. currency strengthened on increased expectations of an interest rate hike. Traders said the Asian currency established around 6.77 after a massive sale of U....

Hedge fund Fansanara Capital believes that financial markets are currently overly optimistic about a lackluster global economy. The firm’s four “conviction ideas” for the next year are all bearish ones. “As we re-assess the validity of the underlying risks, we expect a shift...

Chinese stocks are struggling this year, and it hasn't made a difference whether stocks in question trade in Hong Kong or on the mainland, also known as A-shares. A benchmark exchange-traded fund tracking some of the largest Hong Kong-listed names is down 9.2 percent year-to-date. That is bad....

In a new report, Societe Generale analyst Albert Edwards discussed the implications of China’s forex reserve burn in recent months and what could happen when the nation can no longer support the renminbi. Edwards believes that the recent turn of events in China indicates a collapse of the...

CSOP Asset Management, the largest renminbi-qualified institutional investor (RQFII) in the world, tripled the size of its U.S. exchange-traded funds lineup Tuesday with the introduction of two new funds, the CSOP MSCI China A International Hedged ETF (NYSE: CNHX) and the CSOP China CSI 300 A-H...

According to a survey of economists conducted by CNNMoney, the Chinese yuan could fall another 2.8 percent – versus the U.S. dollar – by the end of the year. The currency is already down 2.6 percent since the beginning of 2015. Economists are worried this could impact other Asian...

Dennis Gartman publishes a daily publication called "The Gartman Letter" where he offers his latest opinion and analysis. On Wednesday, the investment pro discussed why it should be concerning that commodity-linked currencies are rising. At the time of publication, the Canadian dollar, among...

In new report, Deutsche Bank analyst Michael Spencer discusses the recent market turmoil in China, how it compares to past crises in Asia and what traders can expect from China in the future. According to Spencer, what the world has seen from China this year is nothing on the scale of what is has...