Seeking Alpha

Seeking Alpha Portfolio App for iPad

246 people get CYB articles and Market Currents by email alert.

Get email alerts on CYB »

CYB

WisdomTree Chinese Yuan ETF

5/18/2013, 4:34 AM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Monday, April 2, 2012, 8:09 AM More banks enter yuan money market activity in Hong Kong, with the number quoting interbank interest rates for the currency rising to 8. "It's a breakthrough," says a strategist. "In order for the market to fully develop, you do need a swap curve." Comment! [Global & FX]
Friday, March 30, 2012, 8:15 AM The decline was minimal, but the yuan lost value against the dollar in Q1, the first quarterly drop since Dec. 2009. With economic growth slowing and capital starting to flow out of China, the direction of the currency is no longer a one-way bet. 1 Comment [Global & FX]
Wednesday, March 28, 2012, 1:30 PM Beijing may be ready to approve (after nixing it last year) a plan by the city of Wenzhou to allow its residents to directly invest funds offshore. Such a move would be a significant step in opening up the country's capital account, currently tightly controlled by authorities to manage the yuan's value and prevent speculative flows. (previous) Comment! [Global & FX]
Wednesday, March 28, 2012, 8:01 AM Profit estimates for Chinese firms remain "far too optimistic," says SocGen, seizing on the report that Y/Y industrial profits shrank in the year's first 2 months. Among the losers in Shanghai's 2.7% plunge last night: Alum. Corp. of China (ACH) -5.8% and Jiangxi Copper JIXAY.PK) -5.5%. FXI -0.3% premarket. Comment! [Global & FX]
Thursday, March 22, 2012, 9:41 AM China continues the process of internationalizing the yuan, signing a three-year deal with Australia that will enable the exchange of up to $31B in local currencies between the countries' central banks. The agreement adds to those that China has with a number of trading partners, including Hong Kong and Japan. (PR) Comment! [Global & FX]
Thursday, March 22, 2012, 7:24 AM The yuan gains 0.37% vs. the dollar - the biggest move this year. Noted is the PBOC cutting reserve requirement ratios for 379 branches of Agricultural Bank of China, but the higher setting may be Beijing's response to capital exiting the country. Comment! [Global & FX]
Sunday, March 18, 2012, 6:15 AM Chinese Vice Premier Li Keqiang keeps up the reform rhetoric at a conference, promising to pursue market-based structural changes to make growth more stable and balanced. Christine Lagarde says reforms could enable the yuan to become a reserve currency, although she brings up that old bugbear of a flexible exchange rate. 1 Comment [Global & FX]
Friday, March 16, 2012, 7:01 AM U.K . bankers are pushing the BoE to sign a currency-swap deal with the PBOC as they hope to turn London into a trading hub for the yuan. So far, the BoE isn't budging, hoping instead for the private sector to figure out how to boost yuan activity. For now, Hong Kong remains the only offshore trading base for the yuan. 1 Comment [Global & FX, Financials]
Thursday, March 15, 2012, 11:38 AM More on Adrian Mowat's China hard-landing call: While Beijing has plenty of fiscal and monetary flexibility to combat a slowdown, easier policy might just lead to more capital formation which China already has too much of. It's nothing to be scared of, he says, as it's already being reflected in equity prices, which are getting very cheap. (video) 1 Comment [Global & FX]
Monday, March 12, 2012, 7:56 AM The yuan falls by the most in nearly 2 months as PBOC Governor Zhou says the exchange rate is linked to the balance of payments, and, well, it's deteriorating. No longer a one-way bet higher, the yuan has declined 0.5% this year, after slow, steady rises for the last 3. (also) Comment! [Global & FX]
Saturday, March 10, 2012, 7:17 AM China posts a $31.5B trade deficit in February, surging past estimates of $4.9B (and whispers of $28B) as imports jumped 39.6% Y/Y vs. exports at 18.4%. For about the 10th week running, analysts caution against reading too much into the data thanks to the Lunar holiday. Whatever. China and Japan are posting trade deficits - the world is changing. 20 Comments [Global & FX]
Friday, March 9, 2012, 12:22 AM Chinese February inflation 3.2% vs. consensus of 3.4%, 4.5% previously. It's the lowest read in nearly 2 years, and suggests Beijing has room to further ease monetary policy. Shanghai +0.4%, lagging the rest of the worldwide rally. 1 Comment [Global & FX]
Tuesday, March 6, 2012, 7:23 AM The yuan slides against the dollar as traders mull the idea the PBOC is set to allow a wider trading band for the currency. A one-way ticket higher over the past few years, the yuan is down 0.2% vs. the greenback in 2012. The dollar currently buys ¥6.3080. Comment! [Global & FX]
Monday, March 5, 2012, 12:53 PM China is considering widening the yuan's trading band, PBOC Governor Zhou Xiaochuan is reported as saying. Such statements used to be a signal Beijing was going to allow a faster appreciation in the yuan, but with capital exiting the country, this one-way bet is no longer assured. Comment! [Global & FX]
Wednesday, February 29, 2012, 12:04 PM "The next big global financial crisis will emanate from China," writes Martin Wolf. "That is not a firm prediction," but he notes how the U.S., Japan and a host of others suffered crises following financial liberalization and global integration. Still, Wolf is encouraged by China's cautious and "sensible" plans for reform. Comment! [Global & FX]
Tuesday, February 28, 2012, 1:16 PM China is set to allow banks in Shenzhen (bordering Hong Kong) to offer individuals the opportunity to move money abroad without first converting their yuan to foreign currency. The move continues other reforms aimed at promoting use of yuan for cross-border trade and investment. 1 Comment [Global & FX]