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US Dollar/Chinese Renminbi FX Spot Rate

China’s yuan RMB internationalization needs more ‘applications,’ HKEX CEO

by Adrian Jhonsan
China’s yuan RMB internationalization needs more ‘applications,’ HKEX CEO

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters DALIAN, China …

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Fitch pushes back China rate cut as Fed holds interest rates steady

by Adrian Jhonsan
Fitch pushes back China rate cut as Fed holds interest rates steady

People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018.  Jason Lee | Reuters BEIJING — Ratings agency Fitch …

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Bank of America not bullish on Asian currencies, cites ‘chaotic era’

by Adrian Jhonsan
Bank of America not bullish on Asian currencies, cites ‘chaotic era’

A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea. SeongJoon Cho …

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Bank of Korea chief says won volatility a little ‘excessive’

by Adrian Jhonsan
Bank of Korea chief says won volatility a little ‘excessive’

The Bank of Korea will intervene to control currency volatility if needed, the central bank’s chief told CNBC, describing the recent market fluctuations as a little “excessive.” Central bank governor …

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Asian currencies could be on ‘back foot’ despite U.S. rate cuts: JPMorgan

by Adrian Jhonsan
Asian currencies could be on ‘back foot’ despite U.S. rate cuts: JPMorgan

The U.S. dollar is expected to remain resilient despite possible Fed rate cuts this year. Jackal Pan | Moment | Getty Images Asian currencies could be on the “back foot” …

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Asian currencies that will benefit the most from the Fed’s rate cuts

by Adrian Jhonsan
Asian currencies that will benefit the most from the Fed’s rate cuts

The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. Brent Lewin | Bloomberg | Getty Images …

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India oil minister Hardeep Singh Puri

by Adrian Jhonsan
India oil minister Hardeep Singh Puri

Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle …

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China’s deflation could spill over into a global concern, economists say

by Adrian Jhonsan
China’s deflation could spill over into a global concern, economists say

SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and …

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China’s PBOC intervenes after yuan hits 16-year high against greenback

by Adrian Jhonsan
China’s PBOC intervenes after yuan hits 16-year high against greenback

Photo taken on Aug 17, 2023 shows US dollars and Chinese yuan in Fuyang city, East China’s Anhui province. Nurphoto | Nurphoto | Getty Images The People’s Bank of China …

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Categories World

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