Yuan sinks below key support level
China’s currency tumbled the most in two months as the nation’s markets reopened after a week-long holiday to worsening tensions with the United States.
PBC adjusts yuan fix factors to keep market stable
The yuan surged more than 400 pips to trade at 6.8412 against the US dollar in late night trading after the People’s Bank of China (PBC) announced the change on Friday.
Chinese yuan strengthens to 6.7593 against USD Monday – 23 July
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 78 basis points to 6.7593 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.
Chinese yuan weakens to 6.5569 against USD Wednesday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 389 basis points to 6.5569 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.
Chinese yuan weakens to 6.4893 against USD Monday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 89 basis points to 6.4893 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.
Euro steadies after big drop as markets look beyond politics
Euro steadies after big drop as markets look beyond politics The euro steadied on Tuesday after registering its biggest daily fall in the previous session as investors looked beyond Germany’s political impasse to focus on the euro zone’s still robust economy. With major currencies closeted in tight trading ranges in a lackluster session in a…
RMB to USD exchange rate break 6.6
RMB to USD exchange rate break 6.6 The exchange rate between RMB and USD break 6.6 from yesterday. Up to now it is 6.5695. This means before you can spend USD100 to buy goods that worth RMB660 from China and now it can only buy goods worth RMB656 which is smaller. The rate keep dropping since…
RMB to USD exchange rate break 6.7
RMB to USD exchange rate break 6.7 Today the exchange rate between RMB and USD break 6.7. Now it go down as low as 667.34. This means that before US$100 you can get RMB680 or RMB 675 but now can only get RMB667. This means the purchasing value of USD get lower if you buy from…