Tag: USDCNY

china yuan
January 19, 2017 BY Valentina Kirilova

China SAFE December data: continued capital outflows as Yuan fell

China's foreign exchange regulator commented earlier today that the country's forex reserves were ample and it has plans to deal with cross-border capital flows, even as bank forex sales in December climbed to their highest in nearly a year. According to Reuters, State Administration of Foreign Exchange (SAFE) spokeswoman Wang Chunying's exact words were: In the future,…

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February 11, 2016 BY Mike Fox

Open interest hits all-time high in Renminbi futures on HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) the Hong Kong securities and derivatives market announced another record-setting day today for HKEX’s RMB Currency Futures contracts. Open interest hit an all-time high of 32,009 contracts (US$3.2 billion notional), and volume on February 11th hit 7,711 contracts (US$771 million notional), the second highest ever. Today was also the fourth consecutive…

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July 13, 2015 BY Mike Fox

Taiwan Futures Exchange sets RMB futures launch date for July 20th

After months and weeks of preparation to clear regulatory hurdles, the Taiwan Futures Exchange finally announced today in an official notice that RMB futures will launch on Monday, July 20th. You can read the official notice below: The USD/CNT FX futures(RTF) and USD/CNH FX futures(RHF) will be launched on July 20th. The position limits of…

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August 14, 2014 BY Mike Fox

Chinese Yuan long positions largest since late January

Reuters 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…

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December 13, 2013 BY Gerald Segal

Abu Dhabi based ADS Securities to enter UK market

Chinese Yuan trading at the company has registered 300% growth in volumes during the last couple of months According to a recent report by Reuters Abu Dhabi based forex brokerage ADS Securities will obtain a license to operate in the UK in 2014 and plans to offer Chinese Yuan pricing to customers in the region.…

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November 22, 2013 BY Gerald Segal

PBOC says China does not need more FX reserves

Chinese officials will be taking first steps towards FX liberalization It has been only a couple of days since we heard from Chinese officials on the subject of FX market reform. It has proved to be enough for us to get more details into the thinking of the People’s Bank Of China (PBOC). As Bloomberg…

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November 19, 2013 BY Gerald Segal

China goes all out in FX market reform

Last time we saw CNY market liberalization retail volumes out of China picked up more than 30% Just as London morning trading was kicking off the People’s Bank of China (PBOC) has surprised the markets with a release of a book written by the PBOC Governor Zhou for the third Plenum, which explained in more…

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July 11, 2013 BY Gerald Segal

Swissquote adds trading in Chinese Yuan, Brazilian Real and Indian Rupee

With the Swiss National Bank keeping its 1.20 CHF per € cap, thereby killing CHF volatility, Swiss Forex brokers look to other products. Leading Swiss retail forex broker Swissquote, a member of LeapRate's Approved List of global regulated forex brokers, has added the Chinese Yuan (USDCNY), Brazilian Real (USDBRL) and Indian Rupee (USDINR) forex pairs to…

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