China makes further small step to enhance internationalization of RMB, funds received under the agreement will be used to finance commercial operations and direct investments between the two countries.
Read moreThe sudden move has erased all of the yuan's losses this year and squeezed companies that have bet CNY would fall further this year as the Chinese economy cools off and U.S monetary authorities debate rate hikes in the near future.
Read moreCFETS, a joint venture between the People's Bank of China and ICAP, will begin offering swaps and forwards with Malaysia’s ringgit, Russia’s ruble and the New Zealand dollar from today
Read moreReuters latest Asian currency survey reveals that bullishness in the Chinese yuan hit a near seven-month high, while sentiment on most emerging Asian currencies slightly deteriorated in the last two weeks on global economic risks, a Reuters poll showed on Thursday. Sentiment on the yuan turned the most optimistic since late January, as investors piled…
Read moreMore volatility in Yuan to attract more Chinese FX traders.
Read moreMore volatility in Yuan to attract more Chinese FX traders.
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