CNY/USD Exchange Rate, Chart & News

0.138150
+0.000140+0.10%

Trading Nov 21 07:56 CT

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Latest PriceChg% ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D % Chg10D % Chg20D % Chg60D % Chg120D % Chg250D % Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry

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Spinee

Oct 17 22:57

PBOC'S PAN:

CHINA TO CUT THE RRR FURTHER BY 25 TO 50 BPS BASED ON MARKET LIQUIDITY BEFORE END-2024, AND TO CUT LPR BY 20 TO 25 BPS ON OCT.21.
MONETARY POLICY STRUCTURE TO BE ENHANCED, PRIORITIZING A MODERATE INCREASE IN PRICES.
MACROECONOMIC POLICY NEEDS TO TRANSITION FROM INVESTMENT-CENTRIC TO A BALANCE BETWEEN INVESTMENT AND CONSUMPTION FOR DYNAMIC EQUILIBRIUM.
$BANK OF CHINA (03988.HK)$ $HKD-RMB DUAL COUNTER MODEL (LIST1352.HK)$ $CNH/CNY (CNHCNY.FX)$ $CNY/USD (CNYUSD.FX)$ $Hang Seng Index (800000.HK)$ $NASDAQ Golden Dragon China (.HXC.US)$

Earnings flood from China's stocks: Is a turnaround on the horizon?

Spinee

Oct 17 06:19

TURNOVER ON SSE AND SZSE EXCEEDED 1 TRILLION YUAN FOR THE 12TH CONSECUTIVE TRADING DAY.
$CNH/CNY (CNHCNY.FX)$ $HKD-RMB DUAL COUNTER MODEL (LIST1352.HK)$ $CNY/USD (CNYUSD.FX)$ $HKEX (00388.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$

Officials say the real estate market is bottoming out. What’s your view on China's property market?

Spinee

Sep 28 20:45

MUFG: We do not expect $CNY to continue its recent strong appreciation trend for long,

as 1)the Chinese real economy likely remains a big drag, and
2) PBOC still wants to avoid a one-sided appreciation of CNY in the context of the weak economic environment, and the fact that Chinese economy is more reliant on exports growth when domestic demand is under downward pressure and shows no signs of turning around.
$USD/CNY (USDCNY.FX)$ likely stay range-bound in the near term, with a tailwin...

Spinee

Aug 27 22:50

The creator of the "Dollar Smile Theory" predicts that a U.S. rate cut could trigger a $1 trillion repatriation of Chinese funds, leading to a 10% appreciation of the yuan.
With the year-end peak of corporate forex settlements approaching, China Securities expects $10 billion in settlements to support the yuan by 1,000 basis points.
However, Morgan Stanley believes that for large-scale corporate settlements to occur, the yuan would need to strengthen further to the 6.9 or 6.8 level, which is c...

Spinee

Aug 6 01:36

The "Counterintuitive" Logic of RMB Appreciation Leading to Higher Bond Yields

With devaluation pressure high, monetary authorities take measures to hedge against it, and counterparties provide leverage, lending money to the authorities.
These counterparties will make two trades: shorting RMB futures and holding RMB bonds. The income comes from two parts: swap points paid by the authorities and bond coupons.
If the maturity matches well, it's pure fixed income. However, some are imperfectly ...

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