Renminbi (CNY)
11 articles
Deutsche Bank signals further dollar weakness against yuan and yen
Deutsche Bank forecasts continued US dollar losses against the Chinese yuan and Japanese yen, while anticipating the euro dollar rate will stay confined to a narrow range as global growth and policy risks influence currency markets.
Digital Dollar Plans Face Resistance Over Privacy and Control Fears
As the EU advances its digital euro and the US debates a digital dollar, concerns over surveillance, spending restrictions, and the end of physical cash are fueling public and political pushback
China's 2015 Year of the Goat 10 Yuan Faces Counterfeit Risks
China's 2015 Year of the Goat 10 yuan coin, the first in a bimetallic lunar series, remains popular with collectors but has become a target for counterfeiters. Understanding its security features is essential for buyers and hobbyists
US and Japan Intervene as Yen Weakens, Raising Global Policy Questions
A coordinated US-Japan intervention to support the yen signals a possible shift in global currency policy, as officials weigh new frameworks to address persistent imbalances and the risk of wider financial instability
People's Bank of China Slows Yuan Gains but Maintains Upward Path
The People's Bank of China is moderating the pace of the Yuan's appreciation against the US Dollar, but analysts expect the Chinese currency to continue strengthening gradually through 2027, supported by robust export inflows and policy guidance
US Dollar Faces Pressure as BCA Research Favors Asian and European Currencies
BCA Research signals a shift away from the US dollar, highlighting weakening real yields and reduced foreign investment as reasons to favor the South Korean won, Japanese yen, Taiwan dollar, Singapore dollar, and euro
Emerging Market Currencies Reach New Highs as Dollar Weakens
A broad decline in the US dollar has pushed emerging market currencies to record levels, with several Asian and European currencies posting notable gains. Investors are watching policy signals and inflation risks as global uncertainty persists
PBOC Signals Yuan Strength With Firmer USD/CNY Reference Rate
China's central bank set a stronger USD/CNY reference rate while holding lending rates steady, signaling a cautious approach to Yuan appreciation and ongoing policy support for the domestic economy
Australian Dollar Outlook Strengthens as Gold Correlation Rises
Standard Chartered projects the AUD/USD rate to reach 0.74 within three months and 0.75 in a year, citing support from the Reserve Bank of Australia, Chinese growth, commodity demand, and a stronger link to gold prices
Deutsche Bank to Clear Renminbi Payments Directly in Europe
China has appointed Deutsche Bank as the first European renminbi clearing bank, giving European businesses and financial institutions direct access to China's onshore payment and settlement systems for cross-border transactions
History of the Chinese Yuan: From Ancient Coinage to the Modern Renminbi
The Chinese yuan stands at the end of one of the world’s longest monetary histories, stretching from cowrie shells and bronze cash coins to paper money, silver dollars and the modern renminbi. This detailed guide explains the reforms, political crises and monetary institutions that shaped China’s currency, including the creation of the RMB in 1948, the 1955 redenomination and the development of the digital yuan.