Market Vectors Chinese Renminbi/USD ETN (CNY) - NYSEARCA
  • Sun, Jan. 10, 7:38 AM
    | Sun, Jan. 10, 7:38 AM | 18 Comments
  • Dec. 24, 2015, 3:07 AM
    | Dec. 24, 2015, 3:07 AM
  • Dec. 14, 2015, 3:40 AM
    | Dec. 14, 2015, 3:40 AM | 8 Comments
  • Dec. 9, 2015, 4:08 AM
    | Dec. 9, 2015, 4:08 AM | 19 Comments
  • Dec. 9, 2015, 2:23 AM
    | Dec. 9, 2015, 2:23 AM
  • Dec. 1, 2015, 4:43 AM
    • So what's next for the yuan now that the IMF has added the currency to its Special Drawing Rights basket?
    • 1) Effective Oct. 1, 2016, the renminbi will officially be recognized as a reserve currency, meaning central banks will have an alternative for foreign exchange reserves.
    • 2) The basket's currency weighting will get mixed up, with the euro seeing the biggest percentage drop from the new formula.
    • 3) The yuan also meets criteria of being "freely usable," or widely used for international payments and in foreign exchange markets, boosting China's influence in the global economy.
    • Previously: IMF approves addition of yuan to SDR basket (Nov. 30 2015)
    • ETFs: CYB, CNY, FXCH
    | Dec. 1, 2015, 4:43 AM | 1 Comment
  • Nov. 30, 2015, 8:20 PM
    | Nov. 30, 2015, 8:20 PM | 4 Comments
  • Nov. 30, 2015, 12:32 PM
    • The Chinese currency will join the greenback, the euro, cable, and the yen in the basket making up the IMF's Special Drawing Rights.
    • The IMF's approval vote was expected and reported on earlier.
    • The new basket will launch on Oct. 1, and the yuan will have a 10.92% weighting. The U.S. dollar's weighting will fall to 41.73% from 41.9%, the euro's weighting drops all the way to 30.93% from 37.4%, the pound to 8.09% from 11.3%, and the yen to 8.33% from 9.4%.
    • ETFs: CYB, CNY, FXCH
    | Nov. 30, 2015, 12:32 PM | 13 Comments
  • Nov. 30, 2015, 4:43 AM
    • The International Monetary Fund is expected to grant China's yuan reserve currency status at an executive board meeting today, in a decision that will elevate the renminbi and China's influence in the global economy.
    • The group's benchmark currency basket, also known as special drawing rights, so far contains the U.S. dollar, euro, British pound and Japanese yen.
    • While the decision is likely to be announced later today, the yuan will not officially become a reserve currency until September 2016.
    • ETFs: CYB, CNY, FXCH
    | Nov. 30, 2015, 4:43 AM | 7 Comments
  • Nov. 20, 2015, 4:43 AM
    • China's yuan may enter the IMF's benchmark currency basket at a lower weighting than previously estimated as the institution considers making weights less related to export volumes and more dependent on financial flows, Reuters reports.
    • Such a change would give the renminbi a lower share in the basket than under the current formula. IMF policymakers are expected to vote on the currency's  inclusion to the Special Drawing Rights basket on Nov. 30.
    • ETFs: CYB, CNY, FXCH
    | Nov. 20, 2015, 4:43 AM
  • Nov. 16, 2015, 2:40 AM
    • IMF staff on Friday officially recommended the renminbi be included in its Special Drawing Rights basket, but Japan is still warning China to go slow on yuan reform.
    • "The pace of capital outflows is alarming," a senior official with knowledge of Japan's currency diplomacy told Reuters. "If China's financial system is destabilized, the effect on Japan and the rest of Asia would be enormous."
    • An IMF move would be the first change in the SDR's currency composition since 2001, when the euro replaced the German mark and French franc.
    • ETFs: CYB, CNY, FXCH
    • Previously: Yuan set to join currency big leagues (Nov. 14 2015)
    | Nov. 16, 2015, 2:40 AM | 3 Comments
  • Nov. 14, 2015, 3:41 PM
    • IMF staff have officially recommended that the yuan be included in its Special Drawing Rights ("SDR") basket, alongside the dollar, euro, pound and yen, making approval by the IMF board an almost certainty.
    • This will be the first change in the SDR’s currency composition since 2001, when the euro replaced the German deutsche mark and French franc.
    • The move could make more countries comfortable to include the yuan in their forex holdings, and help President Xi Jinping’s drive to open up the world’s second-biggest economy.
    • The yuan was last reviewed in 2010, and was rejected after the IMF found the currency wasn't sufficiently "freely usable."
    • ETFs: CYB, CNY, FXCH
    | Nov. 14, 2015, 3:41 PM | 21 Comments
  • Nov. 11, 2015, 4:47 AM
    • During the G20 summit this coming week, the U.S. will likely urge leaders to use monetary, fiscal and structural tools at their disposal to offset a shortfall in global demand and will push countries with extra fiscal space to spend.
    • Treasury Secretary Jack Lew will join President Obama and others at the summit on Nov. 15-16.
    • The U.S. is also expected to support the inclusion of the yuan in the IMF's benchmark currency basket, provided China meets the existing criteria of the international lender.
    | Nov. 11, 2015, 4:47 AM | 1 Comment
  • Nov. 10, 2015, 4:16 AM
    • China is taking another step to boost the yuan's global usage, saying it will start direct trading with the Swiss franc.
    • The link, which goes into effect today, makes the franc the seventh major currency that can bypass a conversion into the U.S. dollar and be directly exchanged for yuan. According to the China Forex Trade System, the rate will be allowed to fluctuate a maximum 5% on either side of a daily fixing.
    • The announcement comes ahead of an IMF meeting this month that will review its Special Drawing Rights Basket.
    • ETFs: CYB, CNY, FXCH
    | Nov. 10, 2015, 4:16 AM
  • Oct. 30, 2015, 6:36 AM
    • Today, the currency surged the most since China scrapped a dollar peg in 2005 after the PBOC said it will consider a trial program in the Shanghai free trade zone allowing domestic individual investors to directly buy overseas assets.
    • According to China Foreign Exchange Trade System prices, the yuan rose 0.62% to close at 6.3175 a dollar in Shanghai.
    • The move marks another step in China's effort to remove restrictions on capital flows as it seeks inclusion in the IMF's reserve-currency basket.
    • ETFs: CYB, CNY, FXCH
    | Oct. 30, 2015, 6:36 AM | 1 Comment
  • Oct. 29, 2015, 3:22 AM
    • The yuan slipped back to fifth place in terms of usage for global payments in September, a setback that's forecast to be short-lived due to China's push for reserve-currency status.
    • "There's no question that the yuan will regain the fourth ranking in the coming months," said Banny Lam, co-head of research at Agricultural Bank of China International Securities.
    • According to SWIFT, the Chinese currency’s share of transactions declined to 2.45% last month from a record 2.79% in August, when it overtook the Japanese yen.
    • ETFs: CYB, CNY, FXCH
    • Previously: Yuan poised to join IMF currency basket (Oct. 26 2015)
    • Previously: Yuan overtakes yen as global payments currency (Oct. 06 2015)
    | Oct. 29, 2015, 3:22 AM
CNY Description
The Market Vectors-Chinese Renminbi/USD ETN seeks to track the performance of the S&P Chinese Renminbi Total Return Index (SPCBCNY).
See more details on sponsor's website
Country: China
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