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A service for FOREX trading professionals · Saturday, July 31, 2021 · 547,695,235 Articles · 3+ Million Readers
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Yuan & Currency Peg News Monitoring

  • Published on Nov 29, 2019

    Confidence high that HK dollar will stay in currency peg

    Hong Kong’s de facto central bank said that confidence in the city’s three-decade-old currency peg to the U.S. dollar – the bedrock of its status as a financial hub – remains strong, despite almost six months of pro-democracy protests. The Hong Kong dollar …

    Source: Macau Daily Times - Neutral
  • Published on Aug 29, 2019

    EXPLAINER-Can political unrest in Hong Kong break its currency peg?

    HONG KONG/SINGAPORE (Reuters) - Three months of anti-government protests have thrown Hong Kong into its deepest crisis in decades, pounding the financial hub’s economy and stock market and adding to its Sino-U.S. trade war woes. A Hong Kong dollar note …

    Source: Reuters - Neutral
  • Published on May 15, 2019

    Kyle Bass Exits Yuan Short Bet Just as Trade War Really Heats Up

    Longtime China-bear Kyle Bass has closed his nearly four-year wager against the offshore yuan just as the trade war between the U.S. and China is intensifying. Bass’s Hayman Capital Management entered its short bet on the yuan in July 2015. The firm had …

    Source: Newsmax - Right-wing
  • Published on Dec 4, 2018

    Finance: The Chinese yuan spikes to a 3-month high as trade tensions ease

    The Chinese currency is trading at 6.8373 yuan per dollar, its highest level in almost three months. The onshore yuan has rallied 1.8% this week, its largest two-day gain in more than a decade. The yuan's gains come after a trade-war truce soothed …

    Source: Pulse - Uncategorized
  • Published on Dec 4, 2018

    The Chinese yuan spikes to a 3-month high as trade tensions ease

    AP The Chinese currency is trading at 6.8373 yuan per dollar, its highest level in almost three months. The onshore yuan has rallied 1.8% this week, its largest two-day gain in more than a decade. The yuan's gains come after a trade-war truce soothed …

    Source: Business Insider - Uncategorized
  • Published on Jun 28, 2018

    A Rising Dollar Will Crush The Yuan

    The two charts above are two ways of looking at Chinese money supply in relation to forex reserves. The first shows how many yuan of M2 exist versus China's forex reserves priced in dollars. As of May there are 56 yuan for every dollar in reserves. The …

    Source: Seeking Alpha - Neutral
  • Published on Jan 27, 2017

    Hong Kong Shares Record Best Month Since March as Yuan Rebounds

    (Bloomberg) -- Hong Kong shares posted their biggest monthly gain in 10 months, buoyed by a rebound in the offshore yuan and optimism that U.S. economic growth will pick up. The Hang Seng Index closed little changed Friday, recording a 6.2 percent advance …

    Source: The Washington Post - Neutral
  • Published on Jan 27, 2017

    Hong Kong Shares Set for Best Month Since March as Yuan Rebounds

    (Bloomberg) -- Hong Kong shares posted their biggest monthly gain in 10 months, buoyed by a rebound in the offshore yuan and optimism that U.S. economic growth will pick up. The Hang Seng Index closed little changed Friday, recording a 6.2 percent advance …

    Source: The Washington Post - Neutral
  • Published on Jul 8, 2020

    Major Currencies Move Back Into Range-Trading Mode

    The fall in equities markets, driven by COVID-19 concerns, nipped the renewed rotation out of US dollars in the bud overnight. The US dollar index rose a modest 0.25% in overnight trading. The EUR/USD retreated back under 1.1300 to 1.1280. The AUD/ …

    Source: Investing.com - Uncategorized
  • Published on Jul 8, 2020

    Major currencies move back into range trading mode

    Chinese yuan gaining ground The fall in equities markets, driven by Covid-19 concerns, nipped the renewed rotation out of US dollars in the bud overnight. The US dollar index rose a modest 0.25% in overnight trading. The EUR/USD retreated back under 1. …

    Source: OANDA Market Pulse - Neutral
  • Published on Jun 9, 2020

    Kyle Bass Eyes 200-to-1 Leverage for New Bet on Hong Kong Crash

    (Bloomberg) -- Kyle Bass is going for broke on a currency trade that has burned bearish speculators for more than three decades. The Dallas-based founder of Hayman Capital Management is starting a new fund that will make all-or-nothing wagers on a collapse …

    Source: Investing.com - Uncategorized
  • Published on Jun 4, 2020

    What the Hong Kong Dollar Peg Is and Why It Matters

    2. Why does keeping the peg matter? First and foremost, the currency peg is considered an anchor for financial stability and the economy. Investors park their money in Hong Kong because the currency is relatively safe and easily convertible -- one of the …

    Source: The Washington Post - Neutral
  • Published on Jun 5, 2020

    Can Hong Kong remain a global financial centre?

    THE BEST way to get your head around the role that Hong Kong plays in the global financial system, says a business figure there, is to think of it as an electrical transformer that connects two circuits with different voltages. One is the global financial …

    Source: The Economist - Neutral
  • Published on Jun 11, 2020

    Stocks slip after sobering Fed; dollar holds loss

    By Adam Haigh Asian stocks and U.S. and European equity futures saw modest declines after the Federal Reserve painted a long road ahead for repairing the economic damage from Covid-19, a contrast with the V-shaped recovery optimism that’s propelled global …

    Source: Economic Times - Uncategorized
  • Published on Jun 11, 2020

    Business Maverick: Stocks Slip After Sobering Fed; Dollar Holds Loss: Markets Wrap

    Treasuries consolidated gains made in the wake of the Fed decision, which featured fresh projections including an outlook for no interest-rate hikes through 2022. The dollar stayed lower. Equity benchmarks in Japan and Australian underperformed, while Hong …

    Source: News (South Africa) - Uncategorized
  • Published on May 26, 2020

    China Tensions Spur $2 Billion of Bets on Currency Options

    (Bloomberg) -- Foreign-exchange options traders anxious about worsening U.S.-China relations are using key currency proxies to hedge against the uncertainties. Tuesday saw nearly $1.4 billion of options traded on the Hong Kong dollar and U.S. dollar that …

    Source: Investing.com - Uncategorized
  • Published on May 2, 2020

    Has China Canceled The Dollar Peg In Stock Exchange Transactions?

    A message has gone viral on social media, stating that China is set to abandon its currency peg with the United States dollar (USD) in stock exchange transactions. However, BOOM did not find any official announcement supporting the claim. The People's …

    Source: Shanghai News.net - Neutral
  • Published on May 5, 2020

    German Court Adds To The Euro's Woes

    Overview: The S&P 500 recovered yesterday after dipping trading below the 20-day moving average for the first time in a month. The key area is the gap between the April 30 low (~2892.5) and the May 1 high (~2869). Oil reversed higher as well. June …

    Source: Seeking Alpha - Neutral
  • Published on Mar 13, 2020

    Factbox: Foreign exchange regimes around the world

    By Karin Strohecker LONDON (Reuters) - Currency pegs have come under fresh scrutiny once again following a sharp decline in oil prices. Below is a list of some countries which still control their foreign exchange rates. NORTH AFRICA & THE MIDDLE EAST …

    Source: Investing.com - Uncategorized
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