Latest News for: Chinese renminbi

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The Biggest Problem China Faces Isn’t Real Estate

The Epoch Times 03 Oct 2022
Commentary After it joined the World Trade Organization in 2000 and anchored the Chinese yuan (a.k.a. renminbi) to the U.S ... What happens to the Chinese economy when interest rates ...
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JPMorgan would need to pay $1 bln for full ownership of China mutual fund JV

Reuters 03 Oct 2022
JPMorgan (JPM.N) would need to pay $1 billion for full ownership of its Chinese mutual fund venture, a statement on the Shanghai United Asset and Equity Exchange showed on Tuesday, a price tag that analysts said was expensive ... ($1 = 6.9116 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com.
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How a Strong Dollar Affects Currencies and Commodities

The Citizens 03 Oct 2022
Rising commodity prices hurt many emerging markets ... So, too, is the increasingly stronger U.S. dollar ... As the copper market trades primarily in dollars, how the value of the Chinese renminbi (RMB) changes versus the U.S ... However, CME Group offers futures contracts on the Chinese renminbi, which can be used to manage this FX exposure via hedging ... +6 ... .
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Rate hikes are the wrong medicine

Mail Guardian South Africa 03 Oct 2022
The increase has worsened the country’s economic outlook, which has already been affected by unprecedented power blackouts this year ... Password. Confirm Password ... The Chinese renminbi has fallen to about 7.2 against the dollar from 6.36, a decline of 13.2% ... The Chinese renminbi has fallen to about 7.2 against the dollar from 6.36, a decline of 13.2%.
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The countries buying up Russia's cheaper oil

RNZ 02 Oct 2022
By Shruti Menon, BBC Reality Check ... Where is Russian oil going?. India and China now account for over half of all Russia's seaborne oil exports ... Cheaper oil is driving the flow to Asia ... China's state-owned oil enterprises are increasingly using the Chinese renminbi rather than the US dollar to finance oil purchases from abroad ... - BBC ....
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Chinese yuan strengthens to 7.0998 against USD Friday

Xinhua 30 Sep 2022
30 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 104 pips to 7.0998 ...
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King Dollar

Project Syndicate 30 Sep 2022
In recent weeks, the US dollar has reached 20-year highs against key foreign currencies, and all-time highs against the Chinese renminbi and the British pound. What is sustaining the greenback’s surge, and what are its most significant consequences? ... .
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Market exchange rates in China -- Sept. 30

China.dot.org 30 Sep 2022
BEIJING, Sept. 30 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 709.98. Euro 100 698.92. Japanese yen 100 4.9276. Hong Kong dollar 100 90.444.
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Boosting China-Russia-Mongolia trade

China Daily 30 Sep 2022
If the Russia-China gas pipeline through Mongolia is constructed, it may promote the settlement of trilateral trade in Chinese renminbi, Russian rouble and Mongolian togrog, and help build a strong regional financial security bulwark and boost trilateral trade cooperation.
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RMB exchange rate has solid foundation to stay stable

China.dot.org 29 Sep 2022
A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province ... There is solid foundation for the exchange rate of China's currency renminbi (RMB) to remain generally stable, according to a Tuesday teleconference regarding the self-regulatory framework of China's foreign exchange market.
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Chinese yuan strengthens to 7.1102 against USD Thursday

Xinhua 29 Sep 2022
29 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 5 pips to 7.1102 against ...
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China offers loans of $42 billion for infrastructure spending

FX Empire 29 Sep 2022
BEIJING (Reuters) – China has distributed an additional 300 billion yuan ($42 billion) allocated for infrastructure projects through three state policy banks as of Wednesday, the official Securities Times reported on Thursday ... As of Sept ... As of Sept ... ($1 = 7.1715 Chinese yuan renminbi) ... Advertisement ... Sign Up. Sponsored Financial Content. Latest Articles.
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China's Sept factory activity set for third straight monthly contraction - Reuters poll

Reuters 29 Sep 2022
The 50-point mark separates contraction from growth.Register now for FREE unlimited access to Reuters.com. Register ... 1 after COVID cases were detected, becoming the largest Chinese metropolis to be hit with curbs since Shanghai's lockdown in April and May ... ($1=7.2235 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com ... ....
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China’s Sept factory activity set for third straight monthly contraction – Reuters poll

FX Empire 29 Sep 2022
The 50-point mark separates contraction from growth ... On Tuesday, data showed profits at China’s industrial firms shrank at a faster pace in January-August ... 1 after COVID cases were detected, becoming the largest Chinese metropolis to be hit with curbs since Shanghai’s lockdown in April and May ... ($1=7.2235 Chinese yuan renminbi) ... Advertisement ... Sign Up.
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China's smaller banks cut deposit rates to ease margin pressure

Reuters 29 Sep 2022
BEIJING/SHANGHAI, Sept 29 (Reuters) - A string of small and mid-sized Chinese banks are following their larger peers and cutting deposit interest rates in the first broad-based move since 2015 to ease pressure on margins after successive lending rate cuts ... ($1 = 7.1929 Chinese yuan renminbi)Register now for FREE unlimited access to Reuters.com.

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