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Outflows Pressure Sees Chinese Yuan Slip to Seven Month Lows
21 Jun 2024 10:25 GMT
… cash floods into Hong Kong, yuan deposits in the financial hub … .
Since early May, the CNH – yuan traded in the offshore market … ’s liquidity because of the currency peg, so once the Fed starts … US dollar bought 7.261 yuan (renminbi) on Friday.
Reuters with …
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Analysis-Cash is leaving China again, pressuring yuan
21 Jun 2024 08:38 GMT
… 47;SINGAPORE (Reuters) – A sliding yuan and extensive outflows of cash … better-yielding assets.
The yuan has dropped to seven-month … s liquidity because of the currency peg, so once the Fed … .
($1=7.2610 Chinese yuan renminbi)
(Additional reporting by Jason …
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As Hong Kong’s currency peg marks 40th birthday with little fuss, some traders dither over its future
16 Oct 2023 01:21 GMT
“Back then, I was a money and currency trader at Citibank, and I clearly remembered the Saturday morning when the Reuters machine suddenly flashed the breaking news that the Hong Kong dollar was to be fixed at 7.8 per US dollar” with effect from October 17 …
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Continuing to Defend Currency Peg to US Dollar May Be ‘Dangerous’ for Hong Kong: Expert
06 Oct 2022 03:18 GMT
… economy. To defend the currency peg, the HKMA will have … most dangerous position.”
Yuan Depreciates Despite Official Optimism … currency.
Although the Chinese yuan has depreciated sharply against … Chinese economists believe the yuan depreciation will benefit …
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Chinese yuan beats Euro, is 2nd most used currency in global payments system SWIFT
21 Oct 2023 06:42 GMT
… economic influence globally. Despite the yuan's share of … and it has had a currency peg since 1994. This peg, along … economy, has helped the yuan gain traction in global trade … global financial landscape, with the yuan's growing prominence signalling …
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Hong Kong Spends $722 Million to Defend Currency Peg
12 May 2022 04:58 GMT
Hong Kong dipped into its foreign-exchange reserves for the first time in three years to defend its longstanding dollar peg, acting to shore up the local currency against a surging greenback.
The Chinese territory’s de facto central bank, the Hong Kong …
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Bolivia challenges global dollar dominance with Chinese yuan, Russian rouble
28 Jul 2023 23:32 GMT
… instead turning to the Chinese yuan, officials said, as Latin … Bolivia's long-defended currency peg with the dollar.
" … transactions worth 278 million Chinese yuan ($38.7 million) accounted … could be made partly in yuan, Montenegro said.
The Chinese …
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Why China's Central Bank May Find It Easier To Defend Yuan In Coming Weeks And Ease Currency Woes
06 Oct 2022 15:21 GMT
… Bloomberg.
What Happened: Offshore yuan, which was trading near … See Also: Understanding A Currency Peg
As traders consider the possibility … of defending the onshore yuan against the greenback. However … told Bloomberg the offshore yuan’s strength is largely …
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China might devalue yuan, inflation fears loom as Jackson Hole Summit underway
27 Aug 2022 22:46 GMT
… gets stronger, China might weaken yuan which will result in skyrocketing … of Thailand to scrap the currency peg and devalue the baht.
The … that China might devalue the yuan. Thankfully, Beijing didn' … worry Beijing might weaken the yuan, too. China's …
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World News | China Might Devalue Yuan, Inflation Fears Loom as Jackson Hole Summit Underway
27 Aug 2022 15:21 GMT
… gets stronger, China might weaken yuan which will result in skyrocketing … of Thailand to scrap the currency peg and devalue the baht.
The … that China might devalue the yuan. Thankfully, Beijing didn' … worry Beijing might weaken the yuan, too. China's …
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