Today the Renminbi broke the 7.5 barrier against the dollar. Given that the Canadian dollar recently reached parity with its southern counterpart, I started …
Tag Archives | Chinese Yuan
China and Russia agree to bilateral trade in Yuan and Rubles
By FxNewsChina – Chinese and Russian officials have reached an agreement to use their own currencies in bilateral trading instead of the US dollar, …
Forex – Dollar higher vs. Chinese Yuan as USD/CNY trades at 6.6440
By FxNewsChina – The US dollar has started the week off stronger against the Chinese yuan in foreign exchange. The USD/CNY exchange rate touched …
China’s growth outlook revised higher by World Bank
By FxNewsChina – The World Bank today released its latest quarterly update on the Chinese economy and said that China’s GDP will likely exceed …
US Pledges To Not Devalue Currency
As the United States begins to consider stepping up its presence in the export world it pledges not to get into “currency wars” with other major nations as things grow worse in the world economy. The incentive to devalue currency of course lies in other countries…
US vs. China: A Trade War Begins
By WhiteDigitalMedia – The recent economic data has been positive and the investors across the world are hoping to see brighter prospects that will …
Currency Pairs: Majors vs. Exotics
By Mark Soberman - Recently there has been a newly aroused interest in exotic currency pairs. If you have been trading the Forex markets for …
Chris Devonshire-Ellis on China’s Relationship With Africa
China has stepped up its foreign policy of friendship and trade with Africa this year as it seeks to further strengthen its ties throughout …
Naughton Sees China Appreciating Yuan to Curb Inflation: Video
Oct. 20 (Bloomberg) — Barry Naughton, author of “The Chinese Economy: Transitions and Growth” and a China specialist at the University of California San …
US House Of Representatives Passes Bill To Counter Yuan
The US seems to be getting serious about pushing the Yuan up such that the indirect export subsidy that an artificially undervalued Yuan offers is negated. An undervalued Yuan effectively makes Chinese goods cheaper compared to those manufactured elsewhere
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