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China's Yuan News

31 Aug 2017

China's yuan posts best month since 2005 revaluation

China`s yuan eased on Thursday but posted its biggest monthly gain at the month-end, in percentage terms, since the Chinese currency was revalued and taken off a fixed dollar peg in 2005.

07 Jan 2016

Oil slides below $33 to near 12-year low as China turmoil rattles investors

Oil fell below $33 a barrel on Thursday for the first time since April 2004 as a fall in Chinese shares rattled investors already concerned by near-record production and massive stockpiles of unwanted crude and refined products.

07 Jan 2016

Markets at 19-month low, Sensex plunges 555 points on China woes

The NSE Nifty felt the heat too as it cracked below the 7,600-mark as selling picked up across sectors.

Special Drawing Right

29 Nov 2015

SDR, the IMF`s special international reserve asset

The Special Drawing Right has been the International Monetary Fund`s "artificial currency" since 1969, used notably to calculate the interest rates it charges on loans to member states.

24 Nov 2015

Chinese yuan weakens

In China's spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day.

26 May 2015

China`s yuan currency `no longer undervalued`: IMF

China`s vast and regular trade surpluses have seen it accumulate the world`s largest foreign exchange reserves, which stood at $3.73 trillion at the end of March.

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