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Dim Sum Debt Comes To Canada, A First For Governments Outside ChinaJeffrey Friedland • Tue, Dec 18, 2012
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Examining Global Monetary PolicyEvan Schnidman • Tue, Nov 20, 2012
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Timing of CNY Revaluation Remains a 'Known Unknown'Daily Forex • Mon, Nov 16, 2009
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Yuan Appreciation Speculation Hits the EuroMitul Kotecha • Thu, Nov 12, 2009
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Dim Sum Debt Comes To Canada, A First For Governments Outside ChinaJeffrey Friedland • Tue, Dec 18, 2012
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Examining Global Monetary PolicyEvan Schnidman • Tue, Nov 20, 2012
There are no Transcripts on CNY.
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at CNBC.com (Dec 3, 2012)
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at CNBC.com (Aug 21, 2012)
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at MarketWatch.com (Sep 29, 2010)
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at MarketWatch.com (Jun 21, 2010)
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at MarketWatch.com (Jun 18, 2010)
CNY vs. ETF Alternatives
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
See more details on sponsor's website
Country: China
Key Info
- In Your Portfolio: A Guide to Currency ETFs and ETNs
- Asset Class Performance: Currencies
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- | On the move
- Friday, April 27, 2012, 4:55 AM The People's Bank of China allows the yuan to hit a record against the dollar for the second day in a row, setting the rate at 6.2787. The move follows more calls yesterday from Timothy Geithner to allow the renminbi to appreciate further, but comes despite a slowdown in China's economy. Comment! [Global & FX]
- Thursday, April 26, 2012, 9:08 AM The PBOC raises its fixing for the yuan to 6.2829 per dollar, the strongest level since it ended the peg in July 2005. Analysts caution against reading another bout of yuan appreciation into the action, instead noting Beijing often makes such moves ahead of high-level meetings with Washington. Comment! [Global & FX]
- Wednesday, April 25, 2012, 7:58 AM "2015 is not possible in my view," says John Greenwood of Chinese officials' floating of that year for making the yuan fully convertible. Greenwood helped design the HKD peg to the greenback in 1983 and says any talk of breaking the peg needs to stay on hold until after the yuan becomes convertible. Comment! [Global & FX]
- Wednesday, April 25, 2012, 2:00 AM China's forex reserve dropped in March by $4.69B to $3.305T. It's the first monthly contraction since December and may signal that officials are planning to step up their efforts to suppress the yuan's value. Comment! [Global & FX]
- Sunday, April 22, 2012, 5:23 AM China is likely to continue taking steps to allow the yuan to trade more freely following the recent widening of its exchange-rate band, Yi Gang, the Deputy Governor of the PBOC, said yesterday. "It's time to let the market more or less to decide the rate (while) reducing the intervention," Yi said without elaborating on the timing of such moves. Comment! [Global & FX]
- Thursday, April 19, 2012, 9:45 AM The widening of the yuan's trading band - far from being a signal of Beijing's confidence in the economy - makes devaluation even more likely, says SocGen's Al Edwards. China's vaunted current account surplus is essentially no more and even the IMF is no longer calling the currency overvalued. Comment! [Global & FX]
- Thursday, April 19, 2012, 4:18 AM The People's Bank of China might cut banks' required reserve ratios, among other easing measures, in order to boost liquidity and bank lending, Xinhua reports. The speculation follows a Standard Chartered note this week that highlighted a slowdown in the M2 money supply. 1 Comment [Global & FX]
- Tuesday, April 17, 2012, 4:49 PM HSBC is marketing a yuan-denominated bond to be listed in London, part of a move to expand "dim sum" bonds beyond Hong Kong, where the vast majority of them are traded. Earlier, the LME said it may allow its members to clear contracts in yuan. Comment! [Global & FX, Financials]
- Tuesday, April 17, 2012, 11:46 AM The London Metal Exchange may let its members clear contracts in the yuan when it sets up its own clearing house, reflecting China's status as the world's biggest consumer of many base metals. However, the Chinese market needs to fully internationalizes or there needs to be convertibility for there to be a discussion about trading in the renminbi. Comment! [Commodities, Global & FX]
- Tuesday, April 17, 2012, 7:13 AM March marked the 5th straight month of declining foreign investment into China. For Q1 FDI dropped 2.8% Y/Y vs. an increase of 29.4% the previous year. It's another signal of a slowing economy and that the yuan, for now, doesn't have a lot of upside against the dollar. Shares in Shanghai have their worst day in a week, -0.9%. Comment! [Global & FX]
- Monday, April 16, 2012, 12:54 PM China lifts a 6.5 year-old ban on locals in the fx market holding long positions in the yuan (or the converse, shorting foreign currencies). The move follows this weekend's widening of the yuan trading band vs. the greenback, and is likely another signal from Beijing that the direction of the yuan's value is no longer a one-way bet. Comment! [Global & FX]
- Monday, April 16, 2012, 3:31 AM Currency analysts collectively yawn over the yuan's widened trading band. The move is "Machiavellian," says strategist Marc Chandler, as "China is giving up something that it is not really using," referring to the previous 0.5% daily limit. Comment! [Global & FX]
- Sunday, April 15, 2012, 9:32 PM Tokyo tumbles in early trade following Friday's European meltdown, the Nikkei -1.5%. In Hong Kong, the Hang Seng -0.8%. S&P 500 futures -0.2%, German Dax futures -0.3%. The euro -0.4% to $1.3020. The yuan declines a bit against the greenback following Beijing's weekend widening of the trading band - not what the Treasury Dept. had in mind when it heard the news on Saturday. 10 Comments [Global & FX]
- Saturday, April 14, 2012, 8:00 AM China widens the yuan's trading band to 1% from 0.5%, the first such move since 2007, and coming a few days ahead of G-20 talks. While the move may be aimed to quiet Western politicians who like to use such occasions to lecture the Chinese about yuan undervaluation, it could be just as likely the widened band gives the currency room to fall rather than rise. 2 Comments [Global & FX]
- Wednesday, April 11, 2012, 8:34 AM China considers making it easier for companies to borrow yuan offshore and bring the money back to the mainland, according to sources. Right now, just a quota-based system is being discussed because of fears of further tightening offshore yuan liquidity. Far from booming, the market has slowed of late as yuan appreciation is no longer a one-way bet. 1 Comment [Global & FX]
- Tuesday, April 3, 2012, 10:37 AM "The era of a predictable and steady RMB appreciation is at an end," writes UBS' Tao Wang, noting the sharp drop in China's trade surplus and the likelihood it isn't about to bounce back. This doesn't mean the yuan is about to fall in value, but "it's difficult to argue (it) is much undervalued anymore." Comment! [Global & FX]
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Thomas Pan
In China, total floor space started in April dropped 0.1 %, instead of the 1.3% gain originally reported FXI FXP PGJ CNY - View all 0 replies
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Thomas Pan
Premier Wen Jiabao's government has also set a target to shrink new loans to 7.5 trillion yuan from 9.59 trillion last year FXI FXP PGJ CNY - View all 0 replies
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All Things Forex
Today's All Things #Forex Broadcast: What does CNY Revaluation Mean for the $EUR and USD? http://bit.ly/apLE8V - View all 0 replies
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Ophir Chador
Morgan Stanley: US Dollar to Strengthen on Yuan Move (MS, FXE, FXB, CNY) -- http://bit.ly/anMfuk - View all 0 replies
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Cliff Wachtel
The recent rallly plus today's risk rally in Asia and Europe on the CNY revaluation brings most risk assets to 1 mo. highs, good entry pts - View all 0 replies
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Thomas Pan
In the past 12 months China has run a trade deficit with the G20 excluding America CNY UUP - View all 0 replies
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