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Currencies Chinese Yuan


  • *Annual limit at 100,000 yuan, daily limit at 10,000 yuan. BEIJING, Sept 30- China will introduce an annual cap of 100,000 yuan on cash withdrawals made through UnionPay cards outside the country from 2016, the nation's foreign exchange regulator said, to combat money laundering amid concerns about capital flight. Cards issued by Visa Inc and MasterCard Inc will...

  • SHANGHAI, Sept 30- China's yuan firmed against dollar both onshore and offshore on Wednesday as demand for the currency soared ahead of a week-long holiday, traders said. China's central bank intervened in trading partly to converge the spread between the two markets, they added. The onshore market in Shanghai will be closed for one week starting on Thursday for...

  • China to improve management of FX reserves - SAFE Tuesday, 29 Sep 2015 | 11:22 PM ET

    BEIJING, Sept 30- China will continue to see a surplus in the country's current account but will post deficits in the capital and financial accounts in the second half of 2015, the foreign exchange regulator said on Wednesday. The State Administration of Foreign Exchange said in a statement published on its website that it would keep the yuan basically stable...

  • Dollar slips as commodity currencies steady Tuesday, 29 Sep 2015 | 3:55 PM ET

    The yen and Swiss franc were the winners on Tuesday as risk aversion swept global markets, underpinning flows into safe haven currencies.

  • SHANGHAI, Sept 29- China's yuan inched up against the dollar on Tuesday after the central bank set a firmer midpoint and was also suspected of selling dollars via state banks to support the Chinese currency, traders said. The People's Bank of China set the midpoint rate at 6.366 per dollar prior to market open, 0.11 percent firmer than the previous fix at 6.3729.

  • SHANGHAI, Sept 28- China's yuan edged up against the dollar on Monday after the central bank set a firmer midpoint and banks sold dollars partly to meet local currency liquidity demand ahead of a long holiday. "Some banks also sold dollars to avoid risk of the potential of dollar weakness during the long break," said a trader at a Chinese commercial bank in Shanghai.

  • Yuan could fall to 6.55 per dollar: ABN Amro Sunday, 27 Sep 2015 | 10:43 PM ET
    Yuan could fall to 6.55 per dollar: ABN Amro

    The Chinese yuan could weaken to 6.55 against the dollar by year-end due to the impact of the strong exchange rate on inflation and profits, says Roy Teo, Senior FX Strategist at ABN Amro.

  • China's industrial profits are worrying: Expert Sunday, 27 Sep 2015 | 9:31 PM ET
    China's industrial profits are worrying: Expert

    The fact that industrial profits remained weak in August after a series of support measures from Beijing is worrying, notes Ronald Wan, Chief Executive of Investment Banking at Partners Capital International.

  • The dollar rallied after U.S. Federal Reserve Chair Janet Yellen left the door open to a hike in interest rates later this year.

  • SHANGHAI, Sept 25- China's yuan firmed on Friday as dollar demand dropped after officials repeatedly said that there was no basis for the Chinese currency to depreciate in the long run. The yuan is set to weaken 0.2 percent for the week if it closes at the midday level, as the People's Bank of China has eased off from intervening in trading, they said.

  • How the world's big pension funds view China Thursday, 24 Sep 2015 | 11:24 PM ET

    Hot money may be flowing out of China's markets amid a persistent economic slowdown, but slower moving institutional money is taking a longer view.

  • Dollar extends drop against euro after Draghi comments Thursday, 24 Sep 2015 | 3:52 PM ET

    The U.S. dollar extended its decline against the euro on Thursday.

  • After rate hike, dollar rally could lose steam? Thursday, 24 Sep 2015 | 12:17 AM ET
    After rate hike, dollar rally could lose steam?

    Jeremy Stretch, head of FX strategy at CIBC, says the rally in the U.S. dollar may hit some speed bumps after the Fed unveils its first interest-rate rise.

  • China isn't trying to export its way out of trouble: Pro Thursday, 24 Sep 2015 | 12:07 AM ET
    China isn't trying to export its way out of trouble: Pro

    Benjamin Pedley, head of investment strategy, Asia at HSBC, explains the "slight misconception" that the U.S. has toward China's currency devaluation on August 11.

  • Are Chinese movies a sucker's bet? Wednesday, 23 Sep 2015 | 11:21 PM ET
    Actor Jing Boran, singer and actress MoMo Wu and actress Bai Baihe attend the press conference for director Xu Chengyi's new movie 'Monster Hunt' on June 3, 2105 in Beijing.

    On the numbers, China's cinema-goers look like a sure bet, but investors may need to look under the hood.

  • Keen to invest in China? Here's what to buy Wednesday, 23 Sep 2015 | 9:32 PM ET
    Keen to invest in China? Here's what to buy

    Paul Pong, managing director of Pegasus Fund Managers, likes military stocks because China will likely increase its military budget. He also thinks the 'One belt, one road' initiative will lift sectors such as infrastructure.

  • The dollar slipped against the euro on Wednesday after Mario Draghi said the ECB needed more time to assess whether to boost QE.

  • What makes China vulnerable right now Wednesday, 23 Sep 2015 | 5:00 AM ET
    What makes China vulnerable right now

    Gina Sanchez, chairwoman & founder of Chantico Global, discusses China's recent comments on the yuan devaluation.

  • The dollar hit an almost two-week high after comments from Fed officials revived expectations of a U.S. interest rate hike this year.

  • Where next for Brazil as real hits new record low? Tuesday, 22 Sep 2015 | 1:02 PM ET
    An operator at Sao Paulo's Stock Exchange (Bovespa), in Sao Paulo, Brazil.

    The Brazilian real hit a new all-time low on Tuesday after authorities announced a massive austerity package at a time when the economy is shrinking fast.