WisdomTree Chinese Yuan ETF (CYB) - NYSEARCA
  • Sun, Jan. 17, 5:40 AM
    • China's central bank is preparing to raise the reserve requirement ratio for yuan deposits placed in yuan clearing banks from Jan. 25, Reuters reports.
    • Market participants suspect the planned reserve increase is intended to soak up additional liquidity in the offshore market as the PBOC tries to stem speculation of further depreciation in the currency.
    • The central bank, which had established the reserve requirement ratio for offshore yuan participating banks in 2014, will return the rate to a normal level, the sources said, without specifying what that level would be. It had been set at zero.
    • ETFs: CYB, CNY, FXCH
    | Sun, Jan. 17, 5:40 AM | 8 Comments
  • 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
CYB Description
WisdomTree Chinese Yuan Fund seeks to achieve total returns reflective of both money market rates in China available to foreign investors and changes in value of the Chinese Yuan relative to the U.S. dollar.
See more details on sponsor's website
Country: China
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