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YUAN: fixed significantly lower

China's central bank set the reference rate fixed significantly lower. The yuan has lost much of its value on Monday. The central bank let the yuan reference rate depreciated significantly earlier. Unusually weak trade data from the weekend could be the reason.
The Chinese national currency yuan has given way to start of the week again noticeable. It fell on Monday morning -0.2 percent to 6.1405 yuan per dollar. Previously, the Chinese central bank had already significantly lowered the yuan refe…
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Convallium avatar

yes, it fell on Monday 0.2 percent to 6.1405 yuan per dollar(

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PPandM 10 Mar

Hi Inna! Well done ... registered to the Trader Contest! Fantastic! :) BIG LIKE

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Maria_r 10 Mar

+1

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Renminbi: The Race For The Yuan Trading Center

Frankfurt is in contention for becoming the first trading center for China's currency in the EURO area. But the rivals never rest. The chances for Frankfurt increase. Perhaps the agreement of such an "offshore center" at the end of March will be agreed during the visit of the Chinese party and state chiefs Xi Jinping in Germany. It is Xi's first trip to the Federal Republic since he has taken the lead in the second largest economy in the world a year ago. The German financial center would benefi
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Maria_r 3 Mar

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RENMINBI : A Planned Fall Of The Yuan?

China's currency is in the downward tumble. The Renminbi has lost one percent of its value. The Chinese currency has known only one direction: UP. But for about a week, the rate of the Renminbi (Yuan) against the US Dollar keeps falling. In contrast to other emerging markets. However, this is no capital flight, but a targeted intervention by the central bank PBOC.
The Renminbi is not fully convertible, it is under strict capital controls in the People's Republic. The PBOC is helpless. Any exper
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Skif 2 Mar

полезно , не знал

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YUAN: Under Reference Exchange Rate

For the first time the Chinese currency fell below the reference exchange rate since 2012. The Chinese central bank "Bank of China" (PBoC) buys dollars in the market and the Chinese currency Yuan/Renminbi falls in value. "It's pretty obvious that the central bank buys dollars on State commercial banks in the market".
A dollar increased in price by up to 0.4 percent to 6,125 yuan, and listed in order above the current reference rate of the PBOC from $ 6.1184. The Chinese currency is not freely tr
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sonjatrader avatar

Good article Mary!!! Cheers.

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