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China's yuan up sharply on c.bank intervention but derivatives stabilise

SHANGHAI, Aug 28 (Reuters) - 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. "However, unlike yesterday, there ...
Source: Reuters | By: Lu Jianxin and Pete Sweeney
China's yuan firms slightly, supported by rise in stocks

SHANGHAI, Aug 27 (Reuters) - 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. "More money flows ...
Source: Reuters
China's yuan weakens after c.bank cuts interest rates, reserve levels

SHANGHAI, Aug 26 (Reuters) - 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. After the aggressive monetary easing, the central bank seemed to intervene little to prop up the yuan on Wednesday, permitting the currency to depreciate slightly, ...
Source: Reuters
Mexico sweetens oil auction terms again to avoid repeat of flop

MEXICO CITY, Aug 25 (Reuters) - 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. The oil regulator, known by its Spanish-language acronym CNH, also said it will offer companies the possibility to ...
Source: Reuters
China's yuan weakens as stock market extends decline

SHANGHAI Aug 25 (Reuters) - 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. Traders said they believed the yuan's current range between 6.29 and 6.43 to the dollar was well accepted by the market after the currency's recent volatility once threatened ...
Source: Reuters
China's yuan dips as stocks slump, loss capped by c.bank midpoint

SHANGHAI/HONG KONG, Aug 24 (Reuters) - 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. China's major stock indexes tumbled more than 8 percent on Monday morning, with traders saying disappointment over the lack of widely expected monetary policy easing measures over the weekend ...
Source: Reuters
China's yuan looks to end week little changed as cbank seeks to calm markets

HONG KONG, Aug 21 (Reuters) - 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. Still, many market watchers expect authorities will allow it to weaken further this year, as the economy shows fresh signs of weakening. Strategists at ...
Source: Reuters
China's yuan slips on concerns of wobbly stock market

HONG KONG, Aug 20 (Reuters) - 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 6.3963. The spot ...
Source: CNBC.com
China's yuan slips as mainland stocks slide

HONG KONG, Aug 19 (Reuters) - 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. Stocks plunged more than 6 percent on Tuesday, their biggest fall in three weeks, on speculation the central bank may be in no rush to ease policy further and amid concerns a further weakening in the yuan ...
Source: Reuters
China's yuan slips even as c.bank sets firmer midpoint

HONG KONG, Aug 18 (Reuters) - China's yuan fell against the dollar on Tuesday despite a slightly stronger midpoint set by the central bank as traders expect the currency to be under further downward pressure amid a struggling economy. The People's Bank of China set the midpoint rate at 6.3966 per dollar prior to market open, firmer than the previous fix of 6.3969. The spot market opened at ...
Source: Reuters