Big buying orders for Hong Kong dollars overnight saw the local currency bounce back on Thursday morning, ending a five-day falling streak.
China's central bank on Wednesday announced that it will try to issue digital currency "as soon as possible.
Azerbaijan has abandoned its currency peg and moved to a floating rate, the country's central bank CBA said in a statement Monday.
For the first time in years Glenn Stevens probably won’t be asking for a weaker Australian dollar for Christmas.
With the International Monetary Fund (IMF) including the yuan in an elite reserve currency basket, the Chinese currency ascended to the heart of global finance in a move that should be welcomed by both China and the rest of the world.
The International Monetary Fund (IMF) on Monday announced that the Chinese currency, Renminbi, is eligible for joining its Special Drawing Rights (SDR) currency basket.
The International Monetary Fund will decide on Monday (Nov 30) whether the yuan can be added to its Special Drawing Rights (SDR) basket, alongside the US dollar, euro, yen and pound. Here are five things to know about the yuan and the SDR:
China's currency, the yuan or renminbi (RMB), "is increasingly competing" against the U.S. dollar and the euro as it moves closer to gaining a global currency status, an Argentine report said.
Major announcements this week have rapidly advanced the cause of the internationalization of the Chinese currency, which is expected to bring further benefits to the world.
The adjustment to close the gap between central parity rate and actual trading rate of Chinese currency renminbi (RMB), or the yuan, has basically completed, an official of the People's Bank of China said Thursday at a press conference. Enditem
After years of grabbing the spotlight in Sino-U.S. economic relations, U.S. concerns over the valuation of Chinese currency, or renminbi (RMB), are expected to fade as the International Monetary Fund has declared that RMB is no longer undervalued, U.S. experts said.
An eminent U.S. scholar has called on the International Monetary Fund (IMF) to include renminbi, or the yuan, into the basket of the Special Drawing Rights (SDR) to reflect the importance of the Chinese economy and its currency.
The euro's dramatic slide against the U.S. dollar and other world currencies should be good news for the Italian economy, attracting more non-European tourists and lowering the prices for Italian experts. But a closer look at the numbers reveals some worrying aspects as well.
The euro's dramatic slide against the U.S. dollar and other world currencies should be good news for the Italian economy, attracting more non-European tourists and lowering the prices for Italian experts. But a closer look at the numbers reveals some worrying aspects as well.
U.S. Federal Reserve Chair Janet Yellen said Tuesday that sanctions for currency manipulation should not be included in trade deals because that could "hamper the conduct of monetary policy".
The internationalization process of China's currency has made a new stride forward during the ongoing World Economic Forum annual meeting, with Beijing and Bern inking a deal to expand financial cooperation.
Japan's central bank sent shock waves through financial markets at the end of last week by ramping up its purchases of government bonds and assets to try and achieve its somewhat arbitrary inflation target and kickstart an acutely obstinate economy.
简体中文
