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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

China Crisis Series

China’s onshore/offshore interest rate spreads looking stretched

Jan 05, 2016 03:18 am UTC| Commentary Central Banks

Risk aversion gripped Chinese markets yesterday with the benchmark Shanghai Composite Index down by almost 7% (trading in Chinese stock markets was halted). Significant uncertainties on the Chinese economy remain as PMI...

Renminbi Series

China Crisis Series

Yuan offshore-onshore band widens

Jan 04, 2016 07:38 am UTC| Commentary

Offshore Yuan, which is largely traded in Hong Kong and not subjected to 2% daily limit from central parity set by Peoples Bank of China (PBoC) everyday, is leading the drop in Yuan today further widening the spread...

Renminbi Series

The spotlight is on Chinese data and the currency

Jan 03, 2016 23:23 pm UTC| Commentary

The markets attention will likely remain on the CNY, given that the Chinese authorities have signalled that they will allow the currency to fall more against the USD. The recent announcement of the launch of the CFETS CNY...

Renminbi Series

FxWirePro: CNY gradual depreciation is most likely event in H1 2016 upon commodity impact – stay hedged via 3M forwards

Dec 28, 2015 13:18 pm UTC| Technicals

Crude price recovery needs supply glut yet to rebalance: The commodity markets seem to be cautious on price recovery in both base metals and oil to recover through 2016. On the other hand, the underlying forces of the...

Renminbi Series

Caution suggested on CNH short positions into the year-end

Dec 24, 2015 10:10 am UTC| Insights & Views

Earlier this month, the Peoples Bank of China announced that it would begin to calculate and track the value of RMB versus a basket of currencies instead of just the US dollar. On 11 December, the PBoC posted an editorial...

Renminbi Series

USD/CNY likely to test 7.0 by end of 2016

Dec 22, 2015 10:27 am UTC| Commentary

China central bank PBoCs FX intervention cannot continue indefinetely. The GDP growth is widening , inflation and interest rate differentials also point out for a higher USD/CNY. RMBs inclusion into the IMF SDR basket...

Renminbi Series

Currency War Series

Risk of capital outflow persists in China on Fed rate hike

Dec 22, 2015 09:38 am UTC| Commentary Economy

Greater tolerance for CNY weakness against the USD is likely to support the ebbed capital outflows moving ahead. The outflows might have risen in November. These are evidenced by a notable decline in PBoC FX Reserves of...

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Economy

India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures

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China Home Prices Rise in January as Government Signals Stronger Support for Property Market

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South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years

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China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook

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Politics

Trump Says Fed Pick Kevin Warsh Could Win Democratic Support in Senate Confirmation

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Christian Menefee Wins Texas Special Election, Narrowing GOP House Majority

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Trump’s Iraq Envoy Mark Savaya Ousted Amid U.S.-Iraq Tensions Over Iran Influence

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Keir Starmer Urges Prince Andrew to Testify in U.S. Epstein Investigation

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U.S. Government Enters Brief Shutdown as Congress Delays Funding Deal

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Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

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Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

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Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

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NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

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Technology

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

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SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

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SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

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Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says

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Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI

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