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China Foreign Exchange Newsletter
  • China's cycle of dollar hoarding and weakening yuan gets vicious 16 Apr 2024 12:40 GMT

    SHANGHAI – Chinese businesses are hoarding dollars because … exacerbating a slide in the yuan that has been driven by … dollar's rising yield. Foreign exchange deposits have climbed $53.7 … , People's Bank of China (PBOC) data shows. Analysts say …

  • Foreign Exchange Market Growth 2024-2032, Industry Size, Share, Trends and Forecast 16 Apr 2024 04:44 GMT

    foreign exchange market, commonly known as Forex, is a global decentralized or … (United States, Canada) Asia Pacific (China, Japan, India, South Korea, Australia … East and Africa Foreign Exchange Market Trends: The forex market has seen a …

  • China GDP Growth Tops Expectations In Q1 16 Apr 2024 09:13 GMT

    … spokesperson Sheng Laiyun said the Chinese economy got off to a … stability is not yet solid. Beijing aims to achieve a growth … Development Bank last week said China's economy will expand … feedback contact: editorial@rttnews.com Forex News

  • Analysis-China's cycle of dollar hoarding and weakening yuan gets vicious 16 Apr 2024 08:15 GMT

    … SALTWIRE VIDEOS SHANGHAI (Reuters) - Chinese businesses are hoarding dollars because … their foreign exchange gains. "The rate differential between U.S. and China … for corporates to convert their foreign exchange into yuan. However, if the recent …

  • China Loosens Grip on Yuan by Weakening Fix Amid Dollar Strength 16 Apr 2024 07:42 GMT

    China watchers have been eyeing the fixing for signs of where Beijing … Richard Franulovich, head of foreign-exchange strategy at Westpac Banking … of yuan pressure which can spill over to ChineseChina. As a source of stability in the global foreign-exchange

  • China’s yuan bounces from 5-month low on state bank support, upbeat Q1 data 16 Apr 2024 07:31 GMT

    BEIJING/SHANGHAI: China’s yuan briefly hit a five- … daily yuan fixing in recent months for possible changes in foreign exchange … at RBC Capital Markets. China’s yuan hits 5-month low … Separately, official data showed that China’s economy grew faster-than …

  • China's benchmark interbank gold prices lower Tuesday 16 Apr 2024 07:28 GMT

    … April 16, 2024 BEIJING, April 16 (Xinhua) -- China's benchmark … lower Tuesday, according to the China Foreign Exchange Trade System. The benchmark … gram, down 6.00 yuan from the previous trading day … trading day to 558.68 yuan. Spot transaction prices on …

  • MNI EUROPEAN MARKETS ANALYSIS: China Q1 GDP Beats, But March Data Points To Slowing Momentum 16 Apr 2024 07:09 GMT

    … 0.43billion yuan. In the property space, Times China faces a … all available measures in the foreign exchange market if needed. The … bolster the equity market. China Mainland equities significantly out-performed … Trading Days 2024 To Date China (Yuan bn)* 8.1 -11 …

  • China’s economy: A brighter future ahead 16 Apr 2024 05:59 GMT

    … about the development of the Chinese economy. Many international institutions, media … goods reached 41.8 trillion yuan, and foreign exchange reserves exceeded 3.2 … “China economic collapse theory” is a self-defeating proposition. Zhang Lizhong, Chinese

  • PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates 16 Apr 2024 06:08 GMT

    Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling. Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, …

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