- Analytics
- News and Tools
- Market News
- China’s SAFE: Yuan exchange rate prominently stable despite the US dollar strength.
China’s SAFE: Yuan exchange rate prominently stable despite the US dollar strength.
Commenting on the currency, China’s FX regulator, the State Administration of Foreign Exchange (SAFE) said on Friday, the “yuan exchange rate prominently stable despite the US dollar strength.”
Additional quotes
Companies' cross border financing in H1 remains stable.
Size of FX derivative trading continues rising, FX reserves largely stable.
International capital has been flowing out from emerging markets recently.
The influence and attractiveness of China’s bond market have risen significantly.
Volatility of China’s bond market far below other developed and emerging markets, shows relatively high stability.
Further opening up China’s bond market could improve resilience of FX market.
Confident overseas investors will continue to steadily increase investment in yuan denominated bonds.
Foreign firms' profit remittance is reasonable and in an orderly manner this year.
Impact from such profit remittance on cross border capital flow is under control.
Related reads
- USD/CNH Price Analysis: Pullback remains elusive beyond 6.7520
- US Dollar Index Price Analysis: Inverted Flag warrants a bearish impulsive wave, 105.00 eyed
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
