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Renminbi Series

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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

FxWirePro: USD/CNY hits fresh 3-week low at 6.8879 mark, PBOC sets yuan mid-point at 6.8790

May 16, 2017 07:38 am UTC| Technicals

USD/CNY is currently trading around 6.8917 marks. It made intraday high at 6.8937 and low at 6.8879 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 6.9000 marks. ...

Renminbi Series

Chinese yuan likely to remain relatively stable in near-term, to face some headwinds in H2: Scotiabank

May 02, 2017 08:22 am UTC| Commentary Economy

The yuan is expected to remain relatively steady amid tightened liquidity conditions in the months ahead. However, it will likely face some headwinds in the second half of the year as Chinas economic growth may slow...

Renminbi Series

FxWirePro: Chinese yuan falls after China’s house price data

Apr 18, 2017 07:56 am UTC| Technicals

USD/CNY is currently trading around 6.8880 marks. It made intraday high at 6.8909 and low at 6.8799 levels. Intraday bias remains bullish till the time pair holds key support at 6.8750 mark. A sustained...

Renminbi Series

FxWirePro: Chinese yuan appreciates in early hours of Asia, PBOC sets Yuan mid-point at 6.8740

Apr 14, 2017 02:18 am UTC| Technicals

USD/CNY is currently trading around 6.8822 marks. It made intraday high at 6.8864 and low at 6.8801 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.8889 mark. A sustained...

Renminbi Series

Renminbi Series: Yuan remains sixth most used currency globally in February 2017

Mar 30, 2017 05:55 am UTC| Commentary Economy

The Chinese yuan has been steadily losing its attraction, according to a report by Swift payment system. As an effect of economic stagnation, uncertainties surrounding high levels of domestic debt, higher volatilities in...

Renminbi Series

China's new yuan loans fall less than expected in February

Mar 09, 2017 16:49 pm UTC| Commentary Economy

Chinas new yuan loans fell sharply in February from near-record levels in the previous month but were still higher than expected. Chinese banks extended 1.17 trillion yuan (about 169.2 billion U.S. dollars) of new yuan...

Renminbi Series

Renminbi Series: Yuan trade payments at lowest in three years

Feb 08, 2017 06:34 am UTC| Commentary Economy

Things are not going to well for the yuan these days, especially in terms of internationalization and acceptance. After President Donald Trump offered his protectionist view in his presidential inauguration, officials in...

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Economy

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

How cuts to marginal income tax could boost the UK’s stagnant economic growth

The British prime minister recently claimed the UK economy has turned a corner. Rishi Sunak said inflation figures were encouraging, and proclaimed that 2024 would be the year Britain bounces back. According to his...

A sustainable future begins at ground level

In 2015, the United Nations adopted the Sustainable Development Goals (SDGs) as a call to action in global partnership. By 2023 it appears that our progress has been far from satisfactory in achieving these...

Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing

In February 2024, African heads of states adopted a draft protocol to regulate digital trade within the continent. This significant yet challenging course for Africas digital economy fits into the broader trade agreement,...

Politics

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Who will Trump pick as his running mate?

Being second in line for leadership of the most powerful country in the world is not an easy job. But for Mike Pence, vice president under Donald Trump, things were even harder than usual. As insurrectionists descended...

US and Japan Boost AI, Semiconductor Alliance; EU Eyes Reduction in China Dependence

Japan and the United States are poised to deepen ties in the high-tech sector, signaling a strategic move to enhance their global partnership with a focus on artificial intelligence and semiconductor...

US Finalizes Ban List for Chinese Chipmakers; Boosts Mexico Semiconductor Ties

The United States is finalizing a list of Chinese chip factories banned from receiving vital technology, aiming to curb Beijings tech advancements amid national security concerns. Concurrently, a US-Mexico semiconductor...

Science

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

An eclipse for everyone – how visually impaired students can ‘get a feel for’ eclipses

Many people in the U.S. will have an opportunity to witness nearly four minutes of a total solar eclipse on Monday, April 8, 2024, as it moves from southern Texas to Maine. But in the U.S., over 7 million people are blind...

Technology

Bitcoin Halving Sparks ETF Rebound, Halts Week-Long Outflow Streak

As anticipation built around Bitcoins halving event, ETFs tied to the cryptocurrency witnessed a significant shift, snapping a week-long outflow streak with $30.4 million in fresh inflows. This market reversal underscores...

Shiba Inu Burns 700M Coins, Eyes Price Surge to $0.00004

Shiba Inu burned over 700 million coins this week in a remarkable event, sparking optimism as the meme coins price rallied by 5%. Analysts now forecast a potential surge to $0.00004, buoyed by a growing bullish sentiment...

Tesla Trims Prices on Models Y, X, S Amid Sales Dip; Musk Delays India Trip

Tesla has reduced the prices of its Model Y, X, and S vehicles by $2,000 to boost sales following disappointing first-quarter delivery numbers. Meanwhile, CEO Elon Musk postponed his anticipated trip to India due to...

Tesla's Elon Musk Teases Full Self-Driving Launch in China, Postpones India Visit

On Saturday, Teslas CEO Elon Musk teased the near-term rollout of Full Self-Driving (FSD) in China and announced a delay in his awaited visit to India, attributing it to pressing Tesla commitments. FSD in China: An...

Kia Unveils $15,000 EV2, Spearheading Affordable Electric Vehicle Drive

Kia has unveiled the EV2, its newest addition to the electric vehicle market, priced at around $15,000. This compact SUV, seen in recent test footage, is part of Kias broader strategy to introduce a range of affordable...