FOREX
China’s forex reserves rose by 1.65 in Mar amid dollar weakness
China’s foreign exchange reserves stood at $3.1839 trillion at the end of March, representing an increase of $50.7 billion or 1.62% from the previous month, …
Chinese yuan strengthens sharply against dollar amid expectation of slower rate hike by Fed
The onshore Chinese yuan jumped by 648 basis points against the greenback to the highest in over one week on Monday as the US dollar fell amid heightened expectations that the US Federal Reserve will be less aggressive with monetary policy after the collapse of the Silicon Valley Bank.
China’s forex reserves fell by $51.3 bn in Feb due to changes in asset prices amid dollar strengthening
China’s foreign exchange reserves fell to $3.13 trillion in February, according to data released by the PBOC, a decrease of $51.3 billion from the previous …
China’s forex reserves rose in Jan amid weakening US dollar
China’s foreign exchange reserves stood at $3.184 trillion in January, according to data released by the State Administration of Foreign Exchanges, rising by$56.8 billion from $3.128 trillion in the previous month.
China to extend trading hour in interbank FX market to facilitate global investors
China will extend the trading hour in the interbank foreign exchange market to 3 am (1900 GMT) from 11:30 pm (1530 GMT), the People’s Bank of China said in a statement.
Russia to use Chinese yuan to replenish forex reserves
Russia will only buy yuan to replenish the National Wealth Fund instead of other currencies, said Finance Minister Anton Siluanov on Tuesday.
Shanghai starts pilot projects to allow firms to combine yuan, foreign currencies accounts
The Shanghai branch of the People’s Bank of China (PBOC) has launched a pilot program in the city’s Pilot Free Trade Zone to allow companies to combine yuan and foreign currencies accounts into one.
