Chinese Yuan

China’s yuan is expected to experience fluctuations due to Beijing’s economic stimulus and pressures from the United States as its presidential election approaches on Nov. 5, analysts indicated. What Happened: The yuan could appreciate against the U.S. dollar if Beijing implements...

CNY/USD is emerging as the carry trade of choice for financial institutions, replacing the yen as a new favorite. But what does the move mean for forex markets? The popularity of the yen has never been in question when it comes to forex. Extremely favorable interest rates in Japan mean that the...

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...

Although the greenback should maintain its long-term dominance in the foreseeable future, the global economy is seeing signs of de-dollarization, strategists at JPMorgan said according to a report. Meera Chandan and Octavia Popescu, strategists at JPMorgan, said while overall dollar usage is within...

The global dominance of the US dollar is not in any way under threat, as no other currency alternatives are available. That's according to Bank of America Securities, which has pushed back strongly against recent headlines claiming that the US dollar's global role is about to end soon...

The U.S. stock futures remain volatile in early Wednesday's trade as the presidential race remained too close to call. Major U.S. indices had closed higher on Tuesday - the Dow had gained 2.06%, the S&P 500 closed 1.78% higher, and the Nasdaq had advanced 1.85%. Trading in futures does...

Stocks in the European Union surged in early trade on Friday as the EU Trade Commissioner Phil Hogan gave positive reviews of his meetings with the United States counterpart Robert Ligthizer and Secretary of Commerce Wilbur Ross. The U.S. futures too extended gains. What Happened "These...

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....

June 6–7, U.S. and Chinese officials will be sitting down to discuss monetary policy, and the stakes for both nations have never been higher. Last August’s U.S. market selloff and much of the volatility since has been directly tied to worries about the health of the Chinese economy. But...

The Chinese yuan is, undoubtedly, one of the most widely followed and controversial currencies in the world. Previously a lightening rod for U.S. politicians that believe China intentionally weakens the yuan to the benefit of its exporters and the detriment of U.S. companies, the yuan is now seen...

Investors appeared to be nervous going in to yesterday's close, a sentiment which continued at today's open. With little encouraging data coming out of the holiday shopping figures, investors and traders nervously await Friday's Labor Department November jobgs report which could help determine...