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About 27 results. Sort By: Date | Relevance
China's yuan up on suspected intervention, set for August loss

SHANGHAI Aug 31- China's yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said. Most of the losses came after the People's Bank of China surprised markets by devaluing the yuan by nearly 2 percent on Aug. 11. After the abrupt devaluation on...
Source: Reuters
China's yuan up sharply on c.bank intervention but derivatives stabilise

SHANGHAI, Aug 28- China's yuan rose sharply against the dollar on Friday, with traders citing large transactions by state-owned banks on behalf of the central bank to support the currency. "There were clear signs that the central bank was continuing intervening in spot trading to support the yuan," said a dealer at a major European bank in Shanghai.
Source: Reuters | By: Lu Jianxin and Pete Sweeney
China's yuan firms slightly, supported by rise in stocks

SHANGHAI, Aug 27- China's yuan edged up against the dollar by midday on Thursday as a recovery in the country's major stock indexes boosted sentiment on the currency in spite of a weaker midpoint. The benchmark Shanghai Composite Index was up 1.55 percent by midday partly as a strong rebound on Wall Street helped calm global markets after days of wild volatility.
Source: Reuters
China's yuan weakens after c.bank cuts interest rates, reserve levels

SHANGHAI, Aug 26- China's yuan fell against the dollar on Wednesday after the central bank cut the one-year benchmark bank lending rate by 25 basis points and reserve requirements by 50 basis points for most big banks. The People's Bank of China set the midpoint rate at 6.4043 per dollar prior to market open, 0.09 percent weaker than the previous fix of 6.3987 and...
Source: Reuters
Mexico sweetens oil auction terms again to avoid repeat of flop

MEXICO CITY, Aug 25- Oil companies competing in the next phase of Mexico's historic Round One auction will know the minimum level of profits demanded by the government prior to the auction, the sector regulator said on Tuesday, in a bid to raise investor interest. Mexican billionaire Carlos Slim's Carso Oil and Gas is also among the firms that have pre-qualified...
Source: Reuters
China's yuan weakens as stock market extends decline

SHANGHAI Aug 25- China's yuan dipped against the dollar on Tuesday after closing at its weakest level since 2011 on Monday, hit by another slump in the mainland's stock market and a weak central bank midpoint. The People's Bank of China set the midpoint rate at 6.3987 per dollar prior to market open, 0.2 percent weaker than the previous fix of 6.3862.
Source: Reuters
China's yuan dips as stocks slump, loss capped by c.bank midpoint

SHANGHAI/ HONG KONG, Aug 24- China's yuan weakened against the dollar on Monday, pulled down by a collapsing stock market, but losses were capped by a stable central bank midpoint, traders said. The People's Bank of China set the midpoint rate at 6.3862 per dollar prior to market open, slightly stronger than the previous fix of 6.3864. If the CNH liquidity in the...
Source: Reuters
China's yuan looks to end week little changed as cbank seeks to calm markets

HONG KONG, Aug 21- China's yuan was broadly unchanged on Friday and looked to close out the week on a flat note as the central bank sought to stabilise the currency and calm financial markets after its shock devaluation last week. Strategists at ANZ joined their counterparts in Goldman Sachs and Morgan Stanley this week in revising forecasts for the yuan lower by...
Source: Reuters
China's yuan slips on concerns of wobbly stock market

HONG KONG, Aug 20- China's yuan fell against the dollar by midday on Thursday despite a stronger midpoint set by the central bank, as traders expect the currency to face further downward pressure amid a sluggish economy and wobbly stock market. The People's Bank of China set the midpoint rate at 6.3915 per dollar prior to market open, firmer than the previous fix...
Source: CNBC.com
China's yuan slips as mainland stocks slide

HONG KONG, Aug 19- China's yuan edged lower on Wednesday as stocks fell over 2 percent in opening trades, though a broadly flat yuan fixing checked sharp losses for the currency. Traders in China's currency markets have been wary of sharp swings in daily fixing rates after the central bank's surprise devaluation of its currency by nearly 2 percent on Aug. 11.
Source: Reuters