Tags » RMB

6 Factors for a Global Financial Reset and Economic Crisis!

Britain to include China’s RMB as foreign currency reserve.

“I can now announce that the UK government intend to be the first national government outside of China to issue a bond in China’s currency. 177 more words

News

RMB cash management in limbo

FX Week recently published an article explaining that RMB cash management remains in limbo as the market awaits PBOC guidelines.  We’ve been hearing the same thing from several sources.  115 more words

Largest single week appreciation in RMB

RMB spot rate appreciated by 0.2% in the past week, largest single week increase in a year. Several factors moved the fx rate up: 1) 2Q macro data (GDP growth, HSBC PMI etc) all showed the economy was stablizing which eliminated concerns for hard-landing; 2) expectations that government will keep releasing mini-stimulus to meet the growth goal; 3) returning appetite for China. 28 more words

Macro Economy