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US Dollar/Chinese Renminbi FX Spot Rate

China’s yuan RMB internationalization needs more ‘applications,’ HKEX CEO

by Walter Watson
China’s yuan RMB internationalization needs more ‘applications,’ HKEX CEO

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters DALIAN, China …

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Fitch pushes back China rate cut as Fed holds interest rates steady

by Walter Watson
Fitch pushes back China rate cut as Fed holds interest rates steady

People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018.  Jason Lee | Reuters BEIJING — Ratings agency Fitch …

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Asian currencies that will benefit the most from the Fed’s rate cuts

by Walter Watson
Asian currencies that will benefit the most from the Fed’s rate cuts

The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. Brent Lewin | Bloomberg | Getty Images …

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10 China-focused ETFs that are positive with upside potential

by Walter Watson
10 China-focused ETFs that are positive with upside potential

Chinese stock markets have failed to perform in 2023. Take, for instance, the Shenzhen Component , Shanghai Composite , or the more accessible Hang Seng Index . All three major …

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India oil minister Hardeep Singh Puri

by Ron Morgan
India oil minister Hardeep Singh Puri

Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle …

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China’s PBOC intervenes after yuan hits 16-year high against greenback

by Walter Watson
China’s PBOC intervenes after yuan hits 16-year high against greenback

Photo taken on Aug 17, 2023 shows US dollars and Chinese yuan in Fuyang city, East China’s Anhui province. Nurphoto | Nurphoto | Getty Images The People’s Bank of China …

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