In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
Read moreIn April, 2.6% of global yuan payments was carried out through the U.S., up from 1.3% a year ago, putting the U.S. ahead of Taiwan as an offshore yuan trading center, Swift said.
Read morePepperstone is proud to announce the addition of the USDCNH currency pair.
Read moreGlobal transaction services organization SWIFT releases global market share data for CNY at 8.66% in October The internationalization of the Chinese currency is gathering pace as the Renminbi appears to have achieved another milestone in the month of October according to global transaction services organization SWIFT. The market share in global trade denominated in CNY…
Read moreLast 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…
Read moreYuan now the 9th most actively traded currency in the world, up from 17th three years ago. Joining the exclusive club members - Hong Kong and Taiwan - in one of the boldest moves of policy makers in mainland China in a path to internationalization of its currency, the UK has become the third country…
Read moreWith 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…
Read moreThe Moscow Exchange became the first regulated market for the Yuan outside China in 2010. Russia's Moscow Exchange has reported that last Tuesday, May 28, it saw record trading levels for the popular Yuan-Ruble CNYRUB FX pair, since Yuan trading was introduced in 2010. In the first quarter of this year trading volume in the Yuan…
Read moreChina opens a new US Forex office to diversify away from US Treasuries. One of they key themes we've been following lately has been China relaxing its rules governing Forex movements and trading, which has been a key catalyst behind the rapid growth of retail FX trading among Chinese retail FX traders. (We even posited…
Read moreMoving Yuan in and out of the country will be easier, and trading the Yuan should become easier. LeapRate Exclusive... China's State Administration of Foreign Exchange (SAFE) has posted (in Chinese only) that it will simplify FX regulations, creating an easier and more convenient environment for foreign investors to move money into and out of the…
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