Chinese Yuan


Dollar loses ground, pound gains as traders eye Brexit talks

The dollar lost ground against other major currencies on Monday, while the pound and the euro drew strength from signs that Britain and the European Union could make progress ... Read More
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration

Yen holds gains on virus woes, euro crumbles on weak growth outlook

The Japanese yen held onto gains against the dollar on Friday as renewed worries about the coronavirus outbreak supported demand for safe-haven currencies and weighed on prices of riskier ... Read More
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration

Yen gains but yuan, Aussie dip as U.S.-China trade war escalates

The safe-haven yen edged higher and the Chinese yuan and Australian dollar dipped early on Monday after the latest escalation in the trade war between the United States and ... Read More
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Euro rose against the Dollar, Chinese Yuan continued to weaken; Big week for currency markets

Major currencies largely stuck to familiar ranges on Monday as investors shied away from taking big positions ahead of a flurry of crucial economic data and central bank monetary ... Read More

Early Forex and Shares market review

A broad index of Asian shares touched a decade-high on Wednesday, taking cues from signs of confidence in the U.S. Meanwhile, the euro held onto overnight gains after Catalonia ... Read More

Why the Chinese Yuan Will Lose 30% of its Value

The stark truth is nobody wants yuan any more. The U.S. dollar (USD) has gained over 35% against major currencies since 2011. China’s government has pegged its currency, the ... Read More

Shares Jump From Europe to Japan as Oil Holds Rally; Yuan Soars

Absence of post-holiday China selloff bolstered sentiment Draghi said ECB will act should turmoil hit price stability Stocks came back with a vengeance amid speculation losses that sent global ... Read More

Russia’s Central Bank adds yuan to reserve currency basket

According to the sources, the share of Russian reserves in yuan in the near future will remain small and symbolic Russia’s Central Bank has added the Chinese yuan to ... Read More

$354 billion foreign exchange reserves too small to fight a crisis: World Bank

“In today’s world where China has $4 trillion in foreign exchange reserves, $354 billion is not enough in case an exchange rate-related issue breaks out.” World Bank chief economist ... Read More

Gold price rises to $1,117.80 an ounce

Analysts attribute increase to Chinese yuan devaluation The global prices of gold moved higher on Monday, causing retail prices in the UAE to edge slightly higher by less than ... Read More
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