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...’s readings “may even be the start of a slowly rising trend for the renminbi’s share of Swift [payments]”....
...The yen weakened 0.19 per cent against the offshore renminbi on Thursday to ¥21.39, an all-time low. The offshore renminbi is used to settle transactions outside of mainland China....
...Hong Kong and China had the worst-performing Asian bourses on Friday as the renminbi weakened against the dollar....
...China’s renminbi also strengthened after the People’s Bank of China set the midpoint for trading the currency at Rmb7.0996 a dollar, stronger than estimates....
...holding off on cuts to short-term interest rates’ will help to keep the value of the renminbi’s dollar exchange rate stable Using a diagram, analyse how ‘higher yields on dollar debt relative to renminbi...
...But, equally, traders believe a strong renminbi against other Asian currencies could hurt Chinese exports to the region....
...“They’re clearly focused on the exchange rate implications of easing monetary policy for the renminbi,” Mohi-uddin said....
...The renminbi added as much as 0.3 per cent to trade at Rmb7.117 a dollar, its strongest since July....
...Even after recent gains, the renminbi remains down almost 5 per cent against the dollar this year....
...The renminbi rose as much as 0.5 per cent to Rmb7.131 per dollar on Tuesday, the highest level since late September....
Chinese-Canadian mortgages; passive flows; renminbi wars; HS2; jets; artificial intelligence; and London’s underworld
...The renminbi has weakened in recent days in line with other Asian currencies....
...China’s renminbi rose 0.46 per cent against the dollar to Rmb7.1958 and Japan’s yen climbed 0.06 per cent to ¥151.2020....
...Russia’s Central Bank now reports that it has no viable alternative but to use the renminbi as its reserve currency....
...Read more about the renminbi here....
...On this latter point, Chinese banks are also using the renminbi for their lending overseas....
...China’s renminbi rose against the US dollar on Friday, as better-than-expected economic data bolstered the currency....
...The offshore Chinese renminbi also fell 0.06 per cent to Rmb7.25....
...China’s central bank typically uses cuts to the reserve requirement ratio to boost the amount of dollars in circulation and offset renminbi weakness....
...China’s onshore renminbi was largely flat, edging down 0.01 per cent to Rmb7.23 ahead of the daily rate fixing announcement from the People’s Bank of China....
...Country Garden is planning to request a grace period for a renminbi bond maturing next week, in the latest sign of distress at one of China’s largest private property developers....
...China’s renminbi rallied from a 16-year low on Monday after the central bank set a stronger-than-expected trading fix and vowed to take action to support the currency....
...The renminbi has fallen almost 6 per cent this year to Rmb7.3259 per dollar....
...China’s renminbi and the Korean won weakened against the dollar, while Japan’s yen and India’s rupee strengthened slightly....
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