EUR/CNY — News Archive

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Chinese Yuan Tests 6.7 As PBoC Leaves LPR Unchanged, Injects More Liquidity

The Chinese yuan is continuing to make gains against the US dollar on Tuesday ahead of the manufacturing and non-manufacturing purchasing managers’ index (PMI) readings. The yuan, which had cratered to as low as 7.17 against the greenback, has been one of the top-performing Asian currencies this year, advancing nearly 3% year-to-date. Could the yuan defy market expectations even more?

Chinese Yuan Extends Winning Streak, Tests 6.8 on Liquidity

The Chinese yuan is extending its winning streak against the US dollar to start the trading week, driven by a liquidity injection and a recovering economy. A slumping greenback further contributed to the yuan’s ascent, allowing the currency to soon test 6.8, which would be the first time since June 2019.

USD/CNY Flat As New Bank Loans, Credit Growth Beat Market Forecasts

The Chinese yuan is trading flat against the US dollar to finish the holiday-shortened trading week. The yuan is trying to find support on positive numbers relating to credit markets. The currency has appreciated in recent months as the world’s second-largest economy stabilizes and rebounds in the aftermath of the coronavirus pandemic.

Chinese Yuan Renews Gains on Market Rally, Positive Data

The Chinese yuan is looking to start another winning streak after the currency suspended its momentum against the US dollar. The yuan has been on a tear in recent months, testing 6.8 against the greenback, primarily due to favorable domestic economic data and a weakening buck. But escalating US-China tensions and the plunge in equities in recent sessions could limit the yuan’s gains – for now.

Chinese Yuan Extends Winning Streak As Manufacturing Activity Beats Estimates

The Chinese yuan is continuing its appreciation against the US dollar on Tuesday as better-than-expected manufacturing activity and continued stimulus in the banking system extended the currency’s winning streak. The yuan has been strengthening against the greenback since the height of the coronavirus pandemic, and it is now testing the 6.8 range.

USD/CNY Drops As PBoC Injects More Liquidity Into Economy

The Chinese yuan is enjoying another session of modest gains to start the trading week, with much of the strength coming at the expense of the US dollar. The yuan’s ascent on Monday is being driven primarily on the central bank injecting more liquidity into the financial system. Could the yuan test 6.8 next? The currency’s performance may hinge on US-China trade talks as it will be quiet on the data front this week.

Chinese Yuan Gains As PBoC Pumps More Liquidity Into System

The Chinese yuan is continuing its gains against the US dollar to kick off the trading week. The yuan’s strength was buoyed by the central bank pumping more liquidity into the system and leaving interest rates unchanged for the fourth consecutive month. After breaking below the seven against the greenback, the yuan has been steadily testing 6.9. How much better can it get for the currency?

Chinese Yuan Advances As PBoC Pledges Targeted Policy

The Chinese yuan is strengthening to kick off the trading week as the central bank vowed to adopt a more targeted and appropriate monetary policy in the post-coronavirus economy. With Beijing ostensibly winding down its ultra-aggressive stimulus and relief efforts on the monetary side, investors will be watching to see if Chinese investments will remain on an upward trajectory. The yuan is also testing 6.9 against the US dollar on the latest inflation data.

Chinese Yuan Strengthens to Five-Month High Despite Disappointing PMI

The Chinese yuan is strengthening against the US dollar midweek, despite disappointing economic data. The yuan has been gaining momentum against the greenback, primarily due to the rebounding economy and the buck languishing in recent weeks. With the central bank suggesting that it will not enhance its aggressive monetary policy efforts, could the world’s second-largest economy continue its recovery?

USD/CNY Trends in 6.9 Range Amid Strong PMI Readings

The Chinese yuan is weakening slightly against the US dollar to kick off the trading week, despite strong economic data. The yuan had been finding support on a better-than-expected rebound, as well as confidence in the broader financial markets. Whatever happens, it appears that the yuan on track for further appreciation in the second half of 2020, which is what some analysts had forecast.

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