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Showing 51 - 60 of 294 results for "Yuan"

China slows to target

BENJAMIN ONG  |  FRIDAY, 15 SEP 2017
... disappointing set of China growth stats did little to the country's financial markets. The Shanghai Composite index and the yuan/$US exchange rate dipped by 0.4% on the day the data were released (but these could also be due to the renewed US-North Korean ...

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
... comparison, the British pound has risen not as much (up 5.5 %) against the US dollar while the Japanese yen and the Chinese yuan have appreciated by 5.2% and 3.4%, respectively. Although it still has scope to lower borrowing costs (if necessary), the ...

Good goings-on in China

BENJAMIN ONG  |  THURSDAY, 6 JUL 2017
... reserves - up for the fourth straight month to US$3.05 trillion in May - the Chinese currency and the stock market. The onshore yuan exchange rate to the US dollar has appreciated by 2.2% this year to date while the offshore yuan exchange rate has gained ...

Moody's downgraded and upgraded China's ratings

BENJAMIN ONG  |  FRIDAY, 26 MAY 2017
... imagine the gloom and doom scenario this creates -- Foreign capital outflows that would put downward pressure on the Chinese yuan that, in turn, would reduce the country's foreign exchange reserves; then there's the higher interest rates on foreign borrowing ...

Doubting the benefit

BENJAMIN ONG  |  TUESDAY, 14 MAR 2017
... Composite index added another 0.1% to the 1.1% lost in the week prior to the unveiling of China's economic blueprint while the yuan depreciated another 0.3% against the US dollar on top of the 0.4% decline it recorded the week before PM Li's speech. ...

Dwindling reserves

BENJAMIN ONG  |  WEDNESDAY, 8 FEB 2017
... dwindling reserves and a sharp deceleration from the US$4 trillion peak recorded in mid-2014. The reversal in the Chinese yuan's decline in recent weeks indicates that the PBOC's efforts to defend the yuan and stem capital flows are working. Currently ...

Credit where credit is not due

BENJAMIN ONG  |  FRIDAY, 13 JAN 2017
... However, fresh Chinese credit data shows that the opposite is happening. Chinese banks extended some CNY1.04 trillion in new yuan loans in December, up from CNY0.79 in the previous month and far higher than market expectations for a reduction to CNY0.68 ...

The year that was and the year that will be

BENJAMIN ONG  |  MONDAY, 19 DEC 2016
... market (not to mention, the lowered valuation - based on the dividend discount model - of higher interest rates). China The yuan and the sinking equity market was its problem at the start of 2016 and lately, it's the currency and the bond market. China's ...

The Fed lady and the Trump

BENJAMIN ONG  |  MONDAY, 12 DEC 2016
... Factoring in another four Fed rate hikes next year would just put greater upward pressure on the US dollar against not only the yuan but also the euro, the yen, the A-dollar, the Mexican peso, the... "...it just doesn't work, folks."

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 9 DEC 2016
... eight months - after decreasing by 7.3% in the previous month and beating expectations for a 5.0% drop underpinned by the yuan's depreciation -- down 2% versus the US dollar in November and 6.0% year to date. Imports surged by 6.7% in the year to November ...