Yuan Use to Increase

THE PHILIPPINES may be next in a growing number of countries that have lessened their use of the US dollar, which has lost its luster as the world’s most reliable currency, the central bank said. While it may not replace the US dollar, the Chinese yuan may soon share prominence on the global stage as [...]

Top Chinese Banker Guo Shuqing Calls for Wider Use of Yuan

The head of China’s second-largest bank has said the United States government should start issuing bonds in yuan, rather than dollars, in the latest indication of the increasing importance of the Chinese currency. Guo Shuqing, the chairman of state-controlled China Construction Bank (CCB), also said he is exploring the possibility of issuing loans to trading [...]

China’s Yuan ‘Set to Usurp US Dollar’ as World’s Reserve Currency

Professor Roubini, of New York University’s Stern business school, believes that while such a major change is some way off, the Chinese government is laying the ground for the yuan’s ascendance. Known as “Dr Doom” for his negative stance, Prof Roubini argues that China is better placed than the US to provide a reserve currency [...]

Chinese Yuan Climbs To 16-Day High Versus US Dollar (Nasdaq)

(RTTNews) – The Chinese yuan climbed to a 16-day high against its US counterpart during Wednesday’s early session. The yuan moved higher against the euro too. Read more….

Chinese Yuan Recovers From 6-day Low Against Euro (Nasdaq)

(RTTNews) – Against the euro, the Chinese yuan reversed direction after falling to a 6-day low of 8.9307 by about 1:40 am ET Wednesday. Currently, the euro-yuan pair is worth 8.8603, compared to 8.9219 hit late New York Tuesday. Read more….

Chinese yuan shows strength against US dollar (Nasdaq)

(RTTNews) – During early Asian deals on Tuesday, the Chinese yuan edged higher against the US dollar. Read more….

Chinese yuan slides to 4-day low against euro (Nasdaq)

(RTTNews) – The Chinese yuan traded down against the European currency during early Asian deals on Tuesday. At 11:10 pm ET, the yuan declined to a 4-day low of 8.8353 against the euro, compared to 8.7983 hit late New York Monday. Read more….

Chinese Yuan Edges Up To New Multi-Week High Versus Euro (Nasdaq)

(RTTNews) – In early trading on Monday, the Chinese yuan edged up against its European counterpart. Read more….

Chinese yuan climbs to 4-day high against European currency (Nasdaq)

(RTTNews) – During Friday’s early Asian deals, the Chinese yuan showed strength against the European currency. Read more….

Chinese yuan climbs to 3-day high against European currency (Nasdaq)

(RTTNews) – During Thursday’s early Asian deals, the Chinese yuan showed strength against the European currency. Read more….

Chinese yuan shows weakness against European currency (Nasdaq)

(RTTNews) – Against the European currency, the Chinese yuan edged down during Wednesday’s early Asian deals. As of 11:30 pm ET, the yuan declined to 9.0635 against the euro, compared to Tuesday’s closing value of 8.9862. The next downside target level for the Chinese currency is seen around 9.179. Read more….

Chinese yuan falls from 2-day high against US dollar (Nasdaq)

(RTTNews) – The Chinese yuan lost ground after hitting a 2-day high of 6.8365 against the US dollar during early Asian deals on Friday. The yuan thus declined to 6.8430 at 10:35 pm ET, compared to 6.8385 hit late New York Thursday. Read more….

Will Obama Increase Pressure on China Regarding the Yuan?

Chinese could see more pressure for yuan appreciationAmong the mumblings that circulate in Washington about foreign currency exchange is the regular lament that China is a currency manipulator. Although this is said quietly, and any real pressure on the Chinese to allow yuan appreciation is rarely brought to bear.But will that change with the Barack [...]

Chinese yuan climbs to new multi-week high against euro (INO News)

(RTTNews) – The Chinese yuan edged higher against the European currency during early Asian deals on Tuesday. Read more….

Chinese yuan climbs to new multi-week high against euro (INO News)

(RTTNews) – During early Asian deals on Tuesday, the Chinese yuan showed strength against the US dollar and the European currency. While the yuan climbed to a new multi-week high against the euro, it gained from a 4-day low versus the US dollar. Read more….

Chinese yuan falls from new multi-week high against euro (Nasdaq)

(RTTNews) – The Chinese yuan lost ground after hitting a new multi-week high of 8.7982 against the European currency during Wednesday’s early Asian deals. At 10:20 pm ET, the yuan declined to 8.9021 against the euro, compared to 8.8249 hit late New York Tuesday. Read more….

Chinese yuan edges higher against US dollar (Nasdaq)

(RTTNews) – During early Asian deals on Thursday, the Chinese yuan edged higher against the US dollar. Read more….

Chinese yuan slightly off 2-day high against euro (Nasdaq)

(RTTNews) – The Chinese yuan gained ground against the European currency after hitting a 2-day low of 8.9395 during early Asian deals on Thursday. Read more….

Chinese yuan shows strength against dollar and euro (Nasdaq)

(RTTNews) – The Chinese yuan showed strength against the US dollar and the European currency during early Asian deals on Thursday. The yuan thus climbed from a 2-day low against the euro. Read more….

Chinese yuan slightly off 4-day low against US dollar (INO News)

(RTTNews) – The Chinese yuan gained ground after hitting a 4-day low of 6.8434 against the US dollar during Tuesday early Asian deals. Read more….