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Tag Archives: Yuan

US futures fall with Yuan as Trade Roils Outlook: Markets Wrap

(Bloomberg) – Futures on US stock indices fell and the yuan slipped on Monday after it was reported that China may be increasingly reluctant to agree to a comprehensive trade agreement with the Trump administration. European equities fluctuated and government bonds came in higher. The contracts for the three major US instruments all receded after a Bloomberg report announced that …

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Chinese equities close at their highest levels since July, while the yuan temporarily falls to a record low – at least in the Asian market

The Shanghai Composite Index ( SHCOMP ) rose 0.2% to 2,930.15, the best since July 31. On Monday he extended a rally of 1.3%. Infrastructure, shipbuilding and consumer electronics stocks continued to lead the market after promising economic data on Monday showed that China's manufacturing sector was expanding to a five-month high. Japan Nikkei ( N225 ) closed less than …

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HSBC Closes First Blockchain Letter of Credit Transaction in Yuan

Banking and Financial Services giant HSBC has completed its first yuan-denominated letter of credit for a blockchain through Voltron's trading finance platform. As reported by Reuters on September 2, HSBC conducted the first blockchain-based yuan transactions. denominated letter of credit transaction using R3's Corda-powered Voltron platform. In the cross-border transaction, Hong Kong-based electronics manufacturer MTC Electronics exported a supply of …

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China introduces new capital controls and targets foreign real estate purchases as Yuan drops to 11-year lows

"Money for the purchase of overseas property or insurance products can not be wired": Banker in China The Chinese State Department for Foreign Exchange (SAFE) has introduced a series of new exchange controls, against which capital flight from China to others must take place Countries, in particular for real estate investments of Chinese individuals and companies. These new exchange controls …

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How PBOC Controls the Yuan (RMB) in the Trade War

A bank clerk counts US currency and Chinese banknotes at a bank in Nantong, Jiangsu Province, China. Xu Jinbai | Visual China Group | Getty Images China's yuan is being watched closely as its economy slows and Beijing remains involved in a trade war with the US, which has upset global markets. The onshore yuan fell to levels unseen since …

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PBOC could try to support the Yuan (RMB)

Chinese yuan notes. Jie Zhao | Corbis News | Getty Images China set the daily middle rate for the yuan on Tuesday to a level that has not been seen for more than a decade, as Beijing remains trapped in a protracted trade war with Washington. The People's Bank of China set the middle rate at 7.0810 per dollar – …

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Emerging market currencies weaken before Powell speaks; Yuan falls

BENGALURU (23 August): Most emerging market currencies continued to be under pressure on Friday, and China's yuan fell on concerns that US Federal Reserve Chairman Jerome Powell would later deliver a series of interest rate cuts in a speech An 11-year low One exception was the South African rand, which gained 0.6% after the Treasury promised to cut costs and …

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