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    • Yuan & Currency Peg

Yuan & Currency Peg Newsletter
  • Hong Kong newspaper seller preparing for yuan drop 25 Jan 2025 17:25 GMT

    … is betting that the Chinese yuan will weaken to parity against … changing hands. Photo: AFP The yuan has been dragged lower by … the sinking value of the yuan against the Hong Kong dollar … Kong’s 41 year-old currency peg against the greenback. Speculation about …

  • This Hong Kong Newspaper Seller Is Preparing for a Yuan Crash 24 Jan 2025 23:48 GMT

    … is betting that the Chinese yuan will weaken to parity against … any goods changing hands. The yuan has been dragged lower by … the sinking value of the yuan against the Hong Kong dollar … Kong’s 41 year-old currency peg against the greenback. Speculation about …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • China and Nigeria renew currency swap deal to boost bilateral trade 29 Dec 2024 07:55 GMT

    … have renewed a 15 billion yuan ($2 billion) currency-swap arrangement … liquidity to Chinese businesses and yuan liquidity to Nigerian businesses, while … improved since Nigeria ended its currency peg, the naira has remained under …

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