Donald Trump’s most compelling moment on the debate stage this week was his passionate tirade about trade. There’s just one problem: his argument hinges on accusing China of devaluing its currency which China isn’t, in fact, doing. 850 more words
Tags » Yuan
10-Year Treasury yields are retracing to test the recent support level at 1.60 percent but the trend remains upward.
The Chinese Yuan is easing against the US Dollar, with USDCNY in a gradual up-trend as the PBOC manages the decline in order to conserve foreign reserves. 119 more words
This is a big risk for the IMF and suggests a confidence challenge as they could not resist the pressure from China. 123 more words
Things are really heating up between the PBOC (People’s Bank of China) and currency traders.
The HIBOR (the offered rate at which deposits in CNH are being quoted to prime banks in the Hong Kong interbank market) just soared to the second highest level of 2016. 87 more words
Beleaguered oil field services firm Swiber Holdings has defaulted on a coupon payment due yesterday for its 450 million yuan (S$92.3 million) fixed-rate notes – the second bond payment it has defaulted on since its judicial management application in July. 305 more words