Chinese Yuan & FOREX News Monitoring

Erdogan says Turkey has raised forex swap deal with China to $6 bln

President Tayyip Erdogan said on Sunday that Turkey's central bank had agreed with China to increase an existing currency swap facility to $6 billion from $2.4 billion, in a move that could boost foreign reserves. Turkey's forex reserves plunged by …

Erdogan says Turkey has raised FX swap deal with China to US$6 billion

ISTANBUL: President Tayyip Erdogan said on Sunday that Turkey's central bank had agreed with China to increase an existing currency swap facility to US$6 billion from US$2.4 billion, in a move that could boost foreign reserves. Turkey's FX reserves …

China new bank loans unexpectedly rise in May, forex deposits hit record high

BEIJING: China's new bank loans unexpectedly rose in May from the previous month but broader credit growth continued to slow, as the central bank seeks to contain rising debt in the world's second-largest economy. Top Chinese leaders have …

Chinese yuan to remain stable: PBOC deputy governor

SHANGHAI, June 10 (Xinhua) -- The exchange rate of the Chinese currency renminbi, or the yuan, is expected to remain stable, with two-way fluctuations becoming normal, said Pan Gongsheng, deputy governor of the People's Bank of China (PBOC) Thursday. …

Bitcoin as legal tender can expose El Salvador to Zimbabwe-like risks

Policy decisions may or may not be productive. In worst cases, they can be counter-productive. Banking system is the backbone of any economy, and there is a reason behind it. Money supply in the market is managed by banks that engage in safekeeping of …

Forex reserves swell to $3.22 trillion

Higher asset prices trigger record growth in foreign currency holdings   China's foreign exchange reserves rose to a five-year high of $3.2218 trillion in May due to changes in asset prices after the United States dollar depreciated, according to the …

Chinese yuan strengthens 6.4 against dollar Tuesday

June 8, 2021 Favour Lashem News, Project 0 The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 54 pips to 6.3909 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign …

Stronger midpoint lifts China's yuan ahead of US inflation data

SHANGHAI: China's yuan firmed on Tuesday after the central bank set a stronger midpoint for the currency's daily trading band and as the dollar remained subdued after slightly weaker-than-expected payrolls data last week. With the yuan closely …

Expert: E-Yuan to Expedite China’s Attempt to Topple US Dollar as World’s Dominant Reserve Currency

India 16:15 GMT 07.06.2021(updated 16:16 GMT 07.06.2021) Get short URL The Chinese government has stepped up efforts to challenge the dominance of the US dollar as a global reserve currency since 2016 when the International Monetary Fund added the yuan…

China's May forex reserves rise to US$3.22 trillion

Business China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the U.S. dollar weakened. 07 Jun 2021 04:30PM Bookmark BEIJING: China's foreign exchange reserves, the world…

Former China FX official says "opportune moment" to launch yuan futures

Business A former senior official at China's foreign exchange regulator advocated the swift introduction of yuan futures trading to improve hedging in a currency market whose recent trend of yuan appreciation has been shaped by a "herd effect…

Official foreign exchange rates in Uzbekistan

TASHKENT, May 28 (Xinhua) -- The following are official foreign exchange rates against Uzbek soums released by the Central Bank of Uzbekistan on Friday, which will take effect on next Monday. Currency Unit Averaged U.S. Dollar 1 10,580.65 Euro 1 12,893.58 …

Former China FX official says "opportune moment" to launch yuan futures

Dollar slips, yuan steadies after central bank moves to limit gains

The dollar edged higher on Tuesday against a basket of peer currencies after U.S. manufacturing data showed a stronger-than-expected pickup in activity, even as labor shortages and a lack of raw materials weighed on production. The Institute for Supply …

China aims to slow yuan's rise but likely to avoid drastic steps - policy sources

By Kevin Yao BEIJING (Reuters) - China is likely to lean on incremental steps to slow the yuan's gains to deter speculators and help its exporters, shunning drastic measures that could undermine its goal to liberalise the currency and boost the yuan…

The Chinese currency is the opposite of the three-year dollar

The Chinese currency reached its strongest level against the dollar in three years, and posed a challenge to Beijing as it seeks to balance the country’s export demand with commodity prices. The ground-traded renminbi gained 0.2 percent on Tuesday to reach …

Dollar hits 3-year low vs Chinese yuan

Article content LONDON — The dollar remained under pressure on Monday, falling to a three-year low versus the yuan as economic activity data showed that China’s recovery had slowed but remained on a strong footing. The Chinese economy has largely shaken …

Why China is trying to put the brakes on a rising yuan

China’s policy makers fired a “shot across the bow” of currency markets this week in a bid to slow the rise of its currency. The move might work in the short term, but fundamentals are likely to favor a stronger renminbi over the long run, analysts said. …

A Rising Yuan Sets the Stage for More China-U.S. Currency Friction

The People’s Bank of China is getting restive about the strength of the Chinese yuan. That is something to keep an eye on: Any attempt to prevent it from rallying further would provide fresh fuel for a clash between Beijing and Washington over currency …

Omid Akale Discusses Affordability vs. Investment Value: Making the Right Choice

GOLDEN VALLEY, MN, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- Preparing to invest in a property requires a very careful balancing act, even for the experienced investor, explained Omid Akale. The real estate market is one of the most …

Michael Shifrin and Shifrin Legal Help Community Associations Navigate Evictions During the Pandemic

CHICAGO, IL, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- Michael Shifrin is an attorney who focuses his practice on the representation of condominium and community associations throughout Illinois. He founded Shifrin Legal in 2018 to help …

Rod Campbell Joins aDolus as CEO

Seasoned financial and advisory executive to drive growth VICTORIA, BC, CANADA, June 15, 2021 /⁨EINPresswire.com⁩/ -- aDolus Technology Inc., a global authority on software intelligence for critical infrastructure, today announced the addition of …

Report provides buyers insight into platform providers and their capabilities

SEEBURGER Recognized in Report on Integration Platforms by Independent Research Firm ATLANTA, GEORGIA, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- SEEBURGER, global leader in accelerating business processes with business integration …

PrivSec Network Announces Virtual CISO Webinar Series: Cybersecurity Talks

Learn about virtual CISOs and how they can help your business. NEW YORK, NY, USA, June 15, 2021 /⁨EINPresswire.com⁩/ -- New York, NY, Release June 15, 2021. PrivSec Network will be hosting a free webinar series called Cybersecurity Talks featuring …

ZP REALTY CAPITAL A/K/A ZEV POLLAK CO LLC ARRANGED $30,400,000 IN FINANCING FOR A FOUR BUILDING PACKAGE IN THE BRONX NY

BROOKLYN, NEW YORK, USA, June 15, 2021 /⁨EINPresswire.com⁩/ -- ZP Realty Capital LLC, also known as Zev Pollak Co LLC, is happy to announce that it has recently arranged new mortgage financing for four multifamily buildings package in the borough …

In The Name of Transparency—Introducing ‘Insights’

Rabbu Releases The First Free Appraisal Tool, ‘Insights,’ To Help Real Estate Investors Reliably Valuate Short-Term Rental Viability MIAMI, FLORIDA, USA, June 15, 2021 /⁨EINPresswire.com⁩/ -- Rabbu, an investment platform company that’s …

FLORIDA HONEY POT FARMS EXCITES WITH CBD-INFUSED HONEY COLLECTION

The Company Sets Out to Serve Market with Innovative Wellness Honey Products ORLANDO, FL, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- Today, Florida Honey Pot Farms, a woman-owned and operated company producing artisanal honey, re- …

Private Banker Turned Tech Investor Julien Machot Makes Exponential Investment Impact With VERSO Capital

VERSO Capital is a disruptive, global merchant banking firm founded by Julien Machot who invests with high concentration instead of diversification. NEW YORK, NEW YORK, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- In an era where …

ContinuServe Launches Its Carveout Playbook

ContinuServe’s Carveout Playbook helps private equity firms and corporate buyers executive carve-outs at deal speed with reliable outcomes CAMBRIDGE, MASSACHUSETTS, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- ContinuServe, a leader in IT …

USDA NRCS AWARDS RESTORE THE EARTH $7.4 MILLION GRANT FOR PROJECT IN NORTH AMERICA’S AMAZON –THE MISSISSIPPI RIVER BASIN

This USDA NRCS Regional Conservation Partnership Program (RCPP) grant is for a critical pilot in Arkansas ITHACA, NEW YORK, USA, June 15, 2021 /⁨EINPresswire.com⁩/ -- Restore the Earth Foundation, Inc. (REF) is pleased to announce that it was …

Svitch Bike plans to invest $5 million for smooth operations of GLOBAL EXPANSION

The Buzz of Svitch’s Global Launch is getting viral among the major countries of the world, including the USA, Canada & the cycling countries of Europe AHMEDABAD, GUJARAT, INDIA, June 15, 2021 /⁨EINPresswire.com⁩/ -- India’s E-bike Market …

Kevin Crichton of EMM Loans, LLC. (EMM) talks about the current housing environment...

Can housing prices continue to go up? CHERRY HILL, NEW JERSEY, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- We recently spoke to Kevin Crichton, President, and COO at EMM Loans, LLC. (EMM) who shared his thoughts on the subject: “The …

BACFAMA Announces Death of Its Trustee Festus Lola Osunsade

With great sadness, BACFAMA Trust announces the death of one of its founding trustees, Dr. Festus Lola Osunsade, who died 6th June 2021 in Lagos, Nigeria. DUNEDIN, NEW ZEALAND, June 16, 2021 /⁨EINPresswire.com⁩/ -- Dr. Osunsade was born in 1939 in …

The Futurist Institute Awarded U.S. Trademark for the FLTA® Professional Designation

The Futurist Institute's FLTA® professional designation has received an official trademark from the USPTO. This impacts current and future designation holders. AUSTIN, TEXAS, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- The Futurist …

Meet IOR - A New and Innovative Resourcing Option for Investment Offices

IOR (Investment Office Resources, LLC) is announcing its public launch ST LOUIS, MISSOURI, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- Investment Office Resources, LLC “IOR”, is announcing the public launch of its innovative resourcing …

Cavai nombra a Andreas Akesson director comercial para España, Portugal y Latinoamérica

El nombramiento se produce en un momento en que la cloud conversacional disfruta de una fuerte trayectoria de crecimiento en estas regiones BARCELONA, ESPAñA, June 15, 2021 /⁨EINPresswire.com⁩/ -- Cavai, la plataforma cloud líder en publicidad …

Cavai appoints Andreas Akesson as Commercial Director for Spain, Portugal and Latin America

The appointment comes as the conversational cloud enjoys a strong growth trajectory in these regions LONDON, UK, June 15, 2021 /⁨EINPresswire.com⁩/ -- Cavai, the leading conversational advertising cloud has appointed Andreas Akesson as commercial …

Inskin Media makes strategic hires as it furthers its mission to maximise attention and impact in digital campaigns

LONDON, UK, June 15, 2021 /⁨EINPresswire.com⁩/ -- Inskin Media, which specialises in multi-screen, high impact digital brand advertising, has made two key appointments as it continues its global expansion. Dominic Tillson returns as Marketing …

Concierge Auctions Announces June/July Global Auction Lineup of $150 Million in Properties—Most No Reserve

Concierge Auctions has released its June/July lineup of $150 million of luxury properties across 7 countries and 6 U.S. states—the majority offered No Reserve. NEW YORK, NEW YORK, UNITED STATES, June 15, 2021 /⁨EINPresswire.com⁩/ -- Offerings …