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Blame the US for the Weaker Chinese Currency - Wall Street Journal

It is tempting to think that China must be actively pushing its currency down in an attempt to offset the effect of the 10% tariffs being imposed on its exports to the U.S. by President Donald Trump. It is also tempting to want to punish China for what ... Leggi

US$1 for 19.77 yuan? How a bogus social media rumour reveals ... - South China Morning Post

A layman theory about China's yuan, suggesting it should be worth 19.77 to the US dollar – about three times the current exchange rate of 6.9 – has gained popularity on Chinese social media, reflecting fears that the currency is entering a long cycle ... Leggi

Chinese Yuan's Narrow Range Helps Keep Riskier Markets Buoyant - Bloomberg

Chinese authorities “will eventually let the currency slip a bit further,” Juckes wrote. “But in the very short term, what a steady USD/CNY does, is apply downward pressure on volatility despite the geopolitical bumps markets are facing, and lure ... Leggi

Don't Bet on China's Yuan Falling Past 7 This Year, Survey Shows - Bloomberg

Just three of 18 traders and analysts surveyed Wednesday and Thursday said the Chinese currency will breach that milestone in 2018, though a majority see it happening by the middle of next year. Falling beyond 7 for the first time in a decade would ... Leggi

Chinese yuan strengthens to 6.9103 against USD Wednesday - Xinhua

BEIJING, Oct. 17 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 16 basis points to 6.9103 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. In China's spot foreign ... Leggi

Chinese officials prepared to cross currency 'line in the sand' - The Australian Financial Review

The renminbi will push through seven yuan per US dollar in the coming months, crossing what has been considered a "line in the sand" for Chinese officials and the market, Citi's top global economist says. Head of global macroeconomics Ebrahim Rahbari ... Leggi

Chinese yuan weakens to 6.9154 against USD Monday - Xinhua

BEIJING, Oct. 15 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 34 basis points to 6.9154 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System. In China's spot foreign ... Leggi

Chinese Yuan, New Zealand Dollar the Winners Today, Euro in Play - Moneyshow.com

For the money, Chinese yuan (CNY) and New Zealand dollar (NZD) may be the ones that matter but the mood for more noise is wrapped around the EUR with the risk of 1.14 still lingering while 1.18 seems more a ceiling if we see it again soon, writes Bob ... Leggi

Janet Mui: Why trade tensions can lead to a weaker Chinese yuan - Investment Week

As the red lines between China and the US are hard to cross, we are unlikely to see a de-escalation anytime soon. We think the Chinese yuan depreciation is going be a gradual process and unlikely to be pursued in an aggressive manner by the authorities.altro » Leggi

Chinese yuan up slightly last week - Xinhua

BEIJING, Oct. 15 (Xinhua) -- China's yuan strengthened slightly against a basket of currencies in the last trading week, according to a China Foreign Exchange Trade System (CFETS) index. The CFETS yuan exchange rate composite index, known as the ... Leggi