Tag: Yuan

forex market crypto news and updates
August 08, 2019 BY Valentina Kirilova

Daily Market News: China to steady its currency?

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 8, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Markets Bounce Back: Today’s price action slightly resembles the rally that we’ve experienced earlier this year, when…

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Daily Market analysis
August 07, 2019 BY Valentina Kirilova

Daily market commentary: The Yuan is recovering

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 7, 2019. See details below: FOREX The Yuan is recovering some of the ground lost earlier in the week against the Dollar, with both the onshore and offshore currencies up on the day by around 0.3%. This occurs as a…

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forex market crypto news and updates
August 06, 2019 BY Valentina Kirilova

Daily Market News: Dow plunge, Yuan devaluation

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 6, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, We've got Tezos!! Seems like a really cool blockchain. Like Libra, the Tezos company is headquartered in…

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Daily Market analysis
August 05, 2019 BY Valentina Kirilova

Daily market commentary: Trump's new tariffs affect the Yuan

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 5, 2019. See details below: FOREX The Yuan devalued over 1% against the US Dollar during early Monday trading, the sharpest drop for the Chinese currency, since the 2008 financial crisis, with one Dollar now worth more than 7 Yuan.…

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February 27, 2017 BY Valentina Kirilova

China regulator SAFE to tighten foreign currency supervision

China's FX regulator just announced that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets, as reported by Reuters. Chinese authorities are working recently on supporting the weakening yuan currency, while trying to attract more foreign investment. Pan Gonsheng, head of the…

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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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