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Over the past decade, China has emerged as global superpower of economics and Geo-politics. Chinese currency Yuan has emerged as top contender to Challenge global dominance of Dollar. This year in Yuan might join International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket, strengthening Yuan’s position as global reserve currency. In this series, we discuss about China, its politics, economics, and vulnerabilities with a view of Renminbi.

Renminbi Series

Chinese yuan erases previous gain against U.S. dollar, bias remains slightly bullish

Jan 15, 2020 04:10 am UTC| Technicals

USD/CNY is currently trading around 6.8954 marks. It made intraday high at 6.8978 and low at 6.8835 levels. Intraday bias remains bullish till the time pair holds key support at 6.8835 mark. A sustained...

Renminbi Series

Chinese yuan strengthens on robust trade balance data, hits highest level since July 2019

Jan 14, 2020 04:45 am UTC| Technicals

USD/CNY is currently trading around 6.8729 marks. It made intraday high at 6.8937 and low at 6.8658 levels. Intraday bias remains bearish for the moment. A sustained close above 6.8923 marks will test key...

Renminbi Series

Chinese yuan rises gradually against U.S. dollar, stay short

Jan 10, 2020 05:56 am UTC| Technicals Commentary

USD/CNY is currently trading around 6.9286 marks. It made intraday high at 6.9492 and low at 6.9274 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.9540 mark. A...

Renminbi Series

Chinese yuan likely to advance moderately over coming weeks, says Scotiabank

Jan 06, 2020 06:18 am UTC| Commentary Economy

The Chinese yuan is expected to advance moderately in the coming weeks, catching up with recent gains in regional peers such as the KRW and TWD, according to the latest research report from Scotiabank. The Peoples Bank...

Renminbi Series

FxWirePro: Chinese yuan falls in early Asia despite robust retail sales, industrial production data

Dec 16, 2019 03:43 am UTC| Technicals

USD/CNY is currently trading around 6.9955 marks. It made intraday high at 7.0045 and low at 6.9598 levels. Intraday bias remains bullish till the time pair holds key support at 6.9810 mark. A sustained...

Renminbi Series

Yuan’s share in global payments rises again in August

Oct 01, 2018 12:15 pm UTC| Commentary

After steadily losing its attraction since 2015, the Chinese yuan seems to be recovering in terms of its share in the global payment system, according to a report by Swift payment system. As an effect of economic...

Renminbi Series

Renminbi Series: Yuan’s share in global payments rises to highest in 36 months

Sep 13, 2018 12:48 pm UTC| Commentary

After steadily losing its attraction since 2015, the Chinese yuan seems to be recovering in terms of its share in the global payment system, according to a report by Swift payment system. As an effect of economic...

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Economy

MSCI is removing five Chinese firms from its global index due to Trump’s EO 13959

MSCI Inc. revealed this week that it will be pulling out five Chinese companies from its global equity index. The American finance company headquartered in New York City stated that the removal will begin on Jan. 27 since...

S. Korea fines 7 local steelmakers 300 billion won over price collusion

The Korea Fair Trade Commission (KFTC) fined Hyundai Steel Co. and six other steelmakers a combined 300 billion won for colluding to fix the purchase price of steel scrap. It marked the fourth-largest amount of fines...

Starbucks suffers 5% dip in quarterly sales

Starbucks Corp. reported a 5 percent drop in sales in the first quarter ending Dec. 27, more than analysts estimates of a 3.4 percent decline, as the soaring number of coronavirus cases in the United States kept customers...

S. Koreans spend 12.2 trillion won on top food delivery services in 2020

South Koreans spent 12.2 trillion won on the countrys top two food delivery services, Baedal Minjok and Yogiyo, last year, up 75 percent from 6.95 trillion won in 2019, according to the data from industry tracker...

Politics

Ivanka Trump may be backed for a 2024 presidential bid by father Donald Trump if ex-POTUS cannot run

Of all of Donald Trumps adult children, Ivanka Trump is the one who has worked closely with him as his adviser during his term. Should Trump be unable to run for president in the 2024 elections, Ivanka is predicted to be...

Joe Biden climate policy: Executives pen open letter to POTUS in support of climate change fight

Joe Biden has reiterated the importance of fighting the ongoing issue that is climate change, rejoining the Paris Climate Agreement shortly after his inauguration. Executives from major companies have now signed on to...

Joe Biden reaffirms alliance in phone call with Angela Merkel

Since becoming the new president, Joe Biden has been busy contacting fellow world leaders to reaffirm ties while also pressing on some issues at hand. One of his most recent calls was with German Chancellor Angela Merkel,...

Melania Trump career: Ex-FLOTUS reportedly plans to 'disappear' from public in preparation for new venture

It remains to be seen what former first lady Melania Trump plans to do now that she is out of the White House. But, Melania may be looking to pursue a new venture but not before shying away from the public eye for a...

Science

What to feed ducks – according to science

The simple things in life sometimes bring the greatest joy like feeding the ducks at your local pond. The next time you pay your feathered friends a visit, consider introducing some variety into the food you give them....

Yellowstone volcano: USGS warns of possible eruption

Many scientists are keeping watch over the activity occurring in the Yellowstone volcano because of its potential to inflict large-scale damage in the United States. Now, scientists at the USGS have now warned of a...

Mars mission: NASA scientist says Martians can help humans live on Red Planet

Being able to live on Mars is one of the goals that space agencies all over the world have when it comes to exploring the red planet in future Mars missions. Although it may take a while to figure out how we may be able to...

Black holes: Albert Einstein's theory may save Earth from wandering black holes

Black holes are one of the most mysterious objects in the universe and were first brought up by renowned scientist Albert Einstein. With the possibility of wandering black holes being able to consume our own planet, the...

Asteroid alert: 16-meter space rock to pass by Earth on New Year weekend

With days to go until the Earth completes another year around the Sun, it appears that the universe also has plans to celebrate the new year along with us. An asteroid is set to pass by our planet a few days after the new...

Technology

‘Animal Crossing: New Horizons’ players still demand the return of Brewster and The Roost

Every video game franchise has beloved characters that fans always hope to see in new installments, and that is arguably Brewster for the Animal Crossing series. With Animal Crossing: New Horizons close to celebrating its...

Amazon launches $5/month Alexa Guard Plus service that makes speakers bark like a dog

People now live in a world of subscription-based services, and Amazon has just introduced its new offering to pair with its Echo speakers. The company just launched the Alexa Guard Plus that, as the name suggests, presents...

Apple Watch Series 7 is reportedly launching with a non-invasive blood sugar level monitoring feature

The Apple Watch Series 7 could be a vital gadget for smartwatch users with diabetes. The upcoming wearable device is reportedly launching with a new medical monitoring feature later this year. Apple Watch Series 7 is...

OnePlus 9 devices reportedly launching with 120Hz display and 65W fast charging

The OnePlus 9 series has been mentioned in a new leak claiming a couple of significant upgrades are in the works. Devices included in the lineup are expected to have a display with support for a 120Hz refresh rate and an...
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