China Yuan Hits Fresh High

China’s yuan rose to its highest level against the U.S. dollar under the current system late Friday after the central bank set another record-low dollar/yuan central parity rate. Dealers said the spotlight on the yuan at an informal meeting of finance ministers from the Group of 20 industrial and developed nations and expectations of a [...]

Convertible Bonds Leading Market Amid Gains in Yuan

China’s convertible debt is outperforming the rest of the bond market, rising 11 percent this quarter, as stocks rally and the yuan strengthens. The S&P China Convertible Bond Index gained 2.9 percent this month and 8.3 percent in October, the most in a year. Benchmark measures tracking conventional corporate and government notes declined since the [...]

Yuan Approaches Highest Level Since 1993

China’s yuan is approaching the strongest level against the dollar since 1993 on speculation the country’s central bank will permit faster appreciation before Group of 20 leaders meet this week in Seoul. The yuan gained 0.51 percent to 6.6440 per dollar yesterday in its biggest daily advance since China abandoned a peg against the greenback [...]

UPDATE 2-China yuan ‘significantly undervalued’ – IMF chief (The Forex Market)

WASHINGTON, Jan 26 (Reuters) – The Chinese yuan currency is “significantly undervalued” and Beijing has recognized it is in China’s interest to allow the currency to strengthen, the head of the International Monetary Fund said on Monday. Read more….

China yuan ‘significantly undervalued’ – IMF chief (Reuters via Yahoo! Malaysia News)

WASHINGTON, Jan 26 (Reuters) – The Chinese yuan currency is “significantly undervalued” and Beijing recognizes that it’s in China’s own interest to alter its exchange rate policy, the head of the International Monetary Fund said on Monday. Read more….

China yuan ‘significantly undervalued’ – IMF chief (Reuters via Yahoo! Philippines News)

WASHINGTON, Jan 26 (Reuters) – The Chinese yuan currency is “significantly undervalued” and Beijing recognizes that it’s in China’s own interest to alter its exchange rate policy, the head of the International Monetary Fund said on Monday. Read more….