The Singapore Exchange and Hong Kong Exchanges and Clearing signed a deal to co-operate on promoting the internationalization of the Chinese currency.
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Michael Every, Head of Financial Markets Research Asia-Pacific at Rabobank shares his outlook on China's currency following the central bank's reform measures.
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Simon Derrick, Chief Currency Strategist at BNY Mellon highlights the importance of the PBOC's move to widen the yuan's trading band and explains how that will be dollar negative.
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For a currency that is controlled by the state and grants few investment options, the renminbi has attracted a large band of suitors. The FT reports.
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China is to further internationalize its currency by allowing Singapore-based investors to buy renminbi-denominated securities. The FT reports.
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The Chinese yuan hit a record high against the dollar on Wednesday, a sign perhaps that Beijing is allowing the yuan to flex its muscles as a global currency.
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China launched a currency swap deal with the euro zone on Thursday, in the country's latest push to transform the yuan into a major world currency.
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After months of the market crying wolf that China was about to widen the yuan's trading band to let the currency appreciate more, conditions for such a move appear to be falling into place, only now the result may actually be depreciation.
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Sino-U.S. tensions moved up a notch on Tuesday, after the Senate approved a controversial bill to punish China over its currency. Even as the value of the yuan and its impact on trade remain key points of contention between both sides, market watchers say the move is largely political, and such...
Andrew Pease, investment strategist at Russell Investments, says that U.S. effort to punish China over it's currency is unwarranted and is unlikely to pass the House.
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Adrian Foster, head of financial markets research, Asia Pacific at Rabobank, says that Yuan Bill ignores the fact that China U.S trade relationship is mutually beneficial and therefore unlikely to become a legislation.
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The Chinese currency weakened sharply in the offshore market on Wednesday as companies continued to unwind their long yuan positions even as interbank liquidity showed marked signs of deterioration.**
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Scott Paul, Executive Director at Alliance for American Manufacturing tells CNBC the US and China have been at a trade war for a decade, and the currency bill going through Congress will end it.
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The U.S. Senate on Tuesday approved a controversial bill to punish China over its currency in an effort to save American jobs, sending it to the House of Representatives where its fate isuncertain.
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The yuan edged down versus the dollar on Tuesday, consolidating its biggest single-day gain a day earlier, brushing aside a record central bank mid-point as the market expects no Chinese policy change towards a faster pace of yuan rises any time soon.
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Australia's parliament is likely to open an inquiry into alleged Asian currency manipulation,* mainly targeting major trade partner China and mirroring political anger in the United States over claims that Beijing keeps its yuan artificially low.
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The U.S. Senate on Thursday delayed a vote on a bill to get tough with China over its currency practices until next week because of a dispute between Republicans and Democrats over the handling of amendments.
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