tag Yuan

China's Panda-Bond Boom Threatens Dim Sum Market Survival

EghtesadOnline: The market for foreign issuers of bonds in Chinese yuan is shifting away from Hong Kong towards the mainland, in a sign that the city-state’s once vibrant market for such debt may never reach its past heights.
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Publish Date:16/August/2017 | 05:28

Trump Seen Having Support If He Dubs China Yuan Manipulator

EghtesadOnline: President Donald Trump would have the support of Congress if he declared China a currency manipulator, as he pledged during the election campaign, according to two members of the Senate Foreign Relations Committee.
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Publish Date:20/February/2017 | 05:12

U.S. Mulls Fresh Tactic to Prod China on Yuan , WSJ Says

EghtesadOnline: President Donald Trump’s administration is considering a new tactic to discourage China from undervaluing its currency that falls short of a direct confrontation, the Wall Street Journal reported, citing people with knowledge of the policy.
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Publish Date:14/February/2017 | 05:37

China Said to Consider Options to Back Yuan , Curb Outflows

EghtesadOnline: China has studied possible scenarios for the yuan and capital outflows this year and is preparing contingency plans, according to people familiar with the matter. The offshore yuan surged the most in a year.
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Publish Date:04/January/2017 | 14:21

No price like home: Big spenders reappear in China

EghtesadOnline: China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents - a welcome boost for the world's luxury brands.
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Publish Date:05/December/2016 | 10:09

Iran's Foreign Trade Conducted Mainly in Euro, Yuan

EghtesadOnline: Euro and the Chinese yuan topped the Central Bank of Iran's list of subsidized currencies allocated for imports in the past 13 months, with USD at the bottom of the list.
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Publish Date:18/May/2019 | 11:06

Trade war worries drag world stocks lower, yuan steadies

EghtesadOnline: World stocks were dragged lower on Wednesday by growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan rebounded after China’s central bank moved to calm investors.
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Publish Date:04/July/2018 | 10:07

China to be less interventionist on yuan than in 2015 - sources

EghtesadOnline: China is comfortable with a weakening yuan, intervening only to prevent any rapid and destabilising declines or to restore market confidence, as the economy loses momentum and faces further risks from a heated trade dispute with the United States, policy insiders said.
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Publish Date:04/July/2018 | 09:47

Stocks in Asia Mixed Ahead of Fed as Yuan Retreats

EghtesadOnline: Asian investors deferred taking any major positions ahead of the Federal Reserve’s policy meeting that’s expected to focus on unwinding stimulus efforts. Stocks in the region diverged, while China’s yuan slipped as the dollar maintained gains.
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Publish Date:19/September/2017 | 05:57

China's Campaign to Control Yuan Shifts to Limiting Strength

EghtesadOnline: For a managed currency, the direction of China’s yuan is proving hard to predict. Despite a constant drumbeat from policy makers that it would be kept “stable” in 2017, the year of the all-important Communist Party Congress, the currency has made a stunning about turn. After two years of beating back the bears, Beijing is now being confronted with the opposite problem as the dollar’s slide fuels appreciation pressure.
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Publish Date:13/September/2017 | 05:22

Dollar firm after bounce from lows, yuan slips on China downgrade

EghtesadOnline: The dollar held firm on Wednesday, having rebounded from 6-1/2-month lows against its major peers helped by a rise in U.S. Treasury yields, while the yuan eased after Moody's cut its sovereign rating on China due to concerns over the country's soaring debt.
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Publish Date:24/May/2017 | 05:12

China December forex reserves fall for sixth month, near $3 trillion level

EghtesadOnline: China's foreign exchange reserves fell for a sixth straight month in December to the lowest since early 2011, but held just above the critical $3 trillion level, as authorities stepped in to support the yuan ahead of U.S. President-elect Donald Trump's inauguration.
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Publish Date:07/January/2017 | 05:42

China will stick to 'going out' strategy amid outflow concerns

EghtesadOnline: China said on Monday it will stick to its opening up policy and "going out" strategy on investment even while a slide in the yuan to 8-1/2-year lows revives worries about capital fleeing the country.
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Publish Date:28/November/2016 | 09:27