Search

Your search keyword '"RENMINBI"' showing total 9 results
9 results on '"RENMINBI"'

7. China Adjusts Yuan by Biggest Margin Since November.

Author

Hunter, Gregor Stuart and Chew, Ewen

Subjects
*U.S. dollar, *RENMINBI, *FOREIGN exchange rates, *DEVALUATION of currency, *STOCK exchanges
Abstract

The article reports that the People's Bank of China (PBOC) fixed the Yuan to U.S. dollar rate at 6.4628 with a gain of 0.52 percent. It notes that the currency fix by the PBOC will allow the yuan to trade within the 2 percent band in onshore markets. Analysts say that the strengthening of the yuan is temporary since it weakened in later trading to 0.3 percent in offshore markets. It mentions that the yuan's devaluation in August 2015 resulted in a global sell off in the stock markets.

Published
2016

Catalog

Books, media, physical & digital resources
See catalog results