Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 294 results for "Yuan"

Chief economist update: Are capital markets the next Sino-US battleground?

BENJAMIN ONG  |  MONDAY, 30 SEP 2019
... the US could put limits on the Chinese companies included in stock indexes managed by US firms." As a result, the Chinese yuan fell by 0.4% versus the US dollar and while the Shanghai composite index inched up by 0.1% (it closed before the news), China ...

Chief economist update: China's great leap forward 70 years in the making

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
... when it overtook Japan); the 'A' shares in its stock market is now included in the MSCI indexes; and the Chinese yuan officially became a world currency on 1 October 2016 - making it the third reserve currency with a weighting of nearly 11% of ...

Chief economist update: Tweeting Trump versus totalitarian Xi

BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
... social financing, among others - have prompted the government unveil counter-cyclical measures. In addition to lowering its yuan fixing versus the US dollar, the People's Bank of China (PBOC) now announced it will be "reforming and improving the ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... July FOMC meeting - compounded by Trump's escalation trade tensions with Beijing and the depreciation of the Chinese yuan, raised market anxiety that the current global slowdown would morph into a recession. This is underscored by the deepening inversion ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
Trump's latest tat (branding Beijing a currency manipulator) for China's tit (allowing the yuan to fall below the psychological threshold of CNY7.0/US$1) highlights just how determined the US president is to win the trade war. Yes Virginia ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... it's gonna irritate Trump. Financial markets were shell-shocked after the People's Bank of China (PBOC) allowed the yuan to fall below the psychological threshold of CNY7.0 per US dollar. The official CNY/US$ exchange rate dropped by 1.3% to ...

Chief economist update: Don't buy a Big Mac in America

BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
... Monitoring List. Undervaluation versus the US dollar all around. A Big Mac in China costs CNY21.00 (US$3.05), suggesting that the yuan is 46.9% undervalued versus the greenback (as at July this year). In Japan, relative Big Mac prices indicate the yen ...

Chief economist update: Thrilla in Osaka

BENJAMIN ONG  |  TUESDAY, 25 JUN 2019
... equity market index has since recovered 6.4% of its losses resulting from optimism over the Trump-Xi meeting at the G20. The Yuan/US exchange rate displays the same history - it has strengthened versus the US dollar amid positive expectations over US-China ...

Chief economist update: Another RBA rate cut should be enough

BENJAMIN ONG  |  MONDAY, 17 JUN 2019
... depreciated versus the world's major currencies: the euro (-0.5%); the yen (-3.4%); the pound (-1.3%); and the Chinese yuan (-1.5%). According to financial market whispers, expectations the Reserve Bank of Australia (RBA) would follow-up its 25 basis ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  MONDAY, 27 MAY 2019
... (5.0%) and Swedish krona (4.6%), currencies in the rest of the world are undervalued relative to the US dollar. China's yuan was 45.3% undervalued; the Euro by 16.8%; the South Korean won by 27.9%; and the Japanese yen by 35.5%. The 1.5% appreciation ...