Tag: Chinese Yuan

Analyst predicts Facebook’s FaceCoin could earn up to $19 billion by 2021
September 10, 2019 BY Mariela Naydenova

How Facebook's Libra omitted the Chinese Yuan

The buzz around Facebook's Libra stablecoin is gone off through the roof, as some might say. The truth is that the cryptocurrency project undertaken by Facebook has shaken regulatory bodies around the world so "violently" that they cannot simply decide if Libra is a huge opportunity or huge threat. However, there are certain details around…

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Daily Market analysis
May 15, 2019 BY Valentina Kirilova

Daily market commentary: Chinese Yuan is finding support

ActivTrades’ Market Analysts have prepared for Leaprate their daily commentary on traditional markets for May 15, 2019. See details below: Forex Despite the headwinds of escalating trade tensions with the US and domestic economic indicators falling short of expectations, the Chinese Yuan is finding support and is currently trading at 6.8695 against the US Dollar,…

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china yuan
July 20, 2018 BY LeapRate Staff

Chinese yuan sliding as Government adds stimulus

The following article was written by Jasper Lawler, Senior Market Analyst at FCA regulated broker LCG. The US dollar has been on a tear against the Chinese yuan/renminbi since mid-April, and in just the past two weeks has skyrocketed to a one-year high. The main impetus of yuan weakness has been the US-China trade war. Further…

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bitcoin perception
December 13, 2016 BY Valentina Kirilova

Bitcoin price up to 3-year high as Chinese Yuan falls

Bitcoin traded at a high of $788.49 on Tuesday amid a flight to safety after Chinese stock market jitters - the highest level in 3 years. The previous 2016 high of $781.31 was achieved in the summer when traders prepared for a process known as "halving" – where the rewards offered to bitcoin miners fall,…

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July 07, 2016 BY Valentina Kirilova

China raises Reserves requirement as Yuan hits 5+ year low

China puts into action requirements for foreign firms to settle foreign exchange forward yuan positions in the onshore market, the country's foreign exchange trading platform, operated by the central bank, said in a statement on Wednesday. Foreign firms will need to set aside 20% of the previous month's yuan forwards settlement amount as foreign exchange…

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April 26, 2016 BY Maria Nikolova

UK becomes second largest offshore RMB clearing centre – SWIFT

According to SWIFT’s latest RMB tracker, the United Kingdom has become the second largest offshore RMB clearing centre, as the UK's RMB payments value rose by 21% between March 2014 and March 2016. The United Kingdom lags behind Hong Kong in the ranking. Singapore overtook the United Kingdom in February 2014, but the trend began…

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March 30, 2016 BY Maria Nikolova

SWIFT: Chinese yuan accounts for 1.76% of global payments in Feb'16

SWIFT has earlier today published the latest edition of its RMB Tracker, the monthly report that monitors the international adoption of the Chinese currency. The yuan accounted for 1.76% of international payments by value in February 2016, down from a share of 2.45% in January 2016. Despite the fall, the Chinese currency remains at #5…

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January 28, 2016 BY Maria Nikolova

SWIFT: Chinese yuan accounts for 2.31% of global payments in Dec'15

The latest SWIFT RMB Tracker, the study which tracks the Chinese yuan international adoption, was published today, showing that the Chinese currency gained share as a world payments currency in December 2015. In the last month of 2015, the RMB accounted for 2.31% of global payments, with an increased market share compared to 2.28% in…

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