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BAML: As Reserves Fall Rapidly, PBOC May Be Forced To Abandon Yuan Defense

The high yield investment market has been a pillar of strength. Bank of America M.....»»

Category: blogSource: valuewalkJan 11th, 2017

As Chinese Asset Outflows Monitored, PBOC Yuan Reserves Drop

Yuan reserves signalling trouble ahead? China’s foreign currency reserves fell by US$41 billion in December, a move that ty.....»»

Category: blogSource: valuewalkJan 10th, 2017

Desperate China Engineers Violent Swings In The Yuan

Beijing’s foreign reserves fall close to the danger mark. Beijing’s foreign reserves fall close to the danger mark......»»

Category: topSource: forbesJan 8th, 2017

China forex reserves fall less than expected to $3.011 trillion

China’s foreign exchange reserves fell for a sixth straight month in December but by less than expected to the lowest since February 2011, as authorities stepped in to support the yuan ahead of US Pr........»»

Category: topSource: thehindubusinesslineJan 7th, 2017

Chinese Reserves Tumble By $69 Billion, Biggest Drop Since January

While in recent months, the PBOC had tried to mask the real pace of reserve outflows, covering up the accelerated selling of US-denominated assets to defend its rapidly devaluing currency, we noted in October that using more accurate calculations, China's.....»»

Category: blogSource: zerohedgeDec 7th, 2016

China "Devalues" Yuan To Weakest Since Breaking The Peg In 2010

With offshore Yuan tumbling in recent days - echoing the collapse in US Treasury bond prices - the spread to the onshore fix appears to have forced the PBOC's hand. With a 200 pip cut in the CNY fix tonight, China has all but erased any strength in the Re.....»»

Category: blogSource: zerohedgeNov 11th, 2016

Falling Exchange Rates And Forex Reserves Are A Bad Combination For China

While the world's attention focuses on the US election this week, it is worth also keeping half an eye on the US dollar / Chinese renminbi exchange rate. Almost on cue, the PBoC set the Yuan's mid range against the US dollar at 6.7725 at market opening on.....»»

Category: topSource: forbesNov 8th, 2016

USD/CNH Eyes Upper Bounds on Fed Hike Odds

DailyFX com Fundamental Forecast for the Yuan Neutral China s Market News Yuan Borrowing Cost Soars in Offshore China s Market News Yuan Rises Foreign Reserves Fall What Are the Traits of Successful.....»»

Category: futuresSource: nasdaqSep 10th, 2016

Chinese Central Bank Crushes Yuan Shorts, Launching Bitcoin Buying Spree

With the Yuan having traded within fractions of what many consider a key psychological level for the USDCNY at 6.70, many traders expected that following the just concluded G-20 meeting in China, the PBOC would finally relent in its devaluation defense, a.....»»

Category: blogSource: zerohedgeSep 8th, 2016

China reserves at lowest since 2011 as PBOC supports Yuan

The reserves fell by $15.9 billion to $3.19 trillion in August.....»»

Category: topSource: business-standardSep 7th, 2016

Apple"s iPhone battery shutdown issue isn"t going away (AAPL)

Drew Angerer/Getty ImagesApple was forced to introduce a free battery replacement program for certain iPhone 6S devices last fall. It launched the replacement program after a Chinese consumer protection agency discovered&.....»»

Category: topSource: businessinsiderJan 17th, 2017

Xiaomi targets sales of $14.5 billion in 2017

China's Xiaomi targets 2017 sales of over 100 billion yuan ($14.47 billion), Chief Executive Lei Jun said on Thursday, after a year that saw the firm fall down the smartphone vendor rankings while it overhauled its business......»»

Category: topSource: moneycentralJan 12th, 2017

Yuan Is Crashing (Again)

The volatility in the Chinese currency has gone from the sublime to the ridiculous. After exploding 21 handles stronger in the biggest PBOC-engineered short-squeeze in history - erasing the enti.....»»

Category: blogSource: zerohedgeJan 8th, 2017

China"s December forex reserves fall for sixth month

Analysts had forecast a drop of $51 billion.....»»

Category: topSource: business-standardJan 7th, 2017

China"s $3 Trillion In Reserves Questioned After PBOC Reports $41 BIllion In December Outflows

In late December, ignoring the official Chinese monthly reserve data and instead using a dataset provided by China's FX regu.....»»

Category: blogSource: zerohedgeJan 7th, 2017

China’s forex reserves continued to fall in December

Pressure on the renminbi continues as Chinese seek to get money out of the country.....»»

Category: topSource: ftJan 7th, 2017

Trump"s Right, China Is A Manipulator - Currency Reserves Drop As China Manipulates Yuan Up In Value

One of the standard talking points of Donald Trump and some others on the American .....»»

Category: topSource: forbesJan 7th, 2017

China December forex reserves fall for sixth month, near $3 trillion level

Beijing has made it harder for money to get out of the country.....»»

Category: topSource: business-standardJan 7th, 2017

China Doubles Down on Defense of Yuan

China continued to squeeze the global market for the yuan, sending the cost of borrowing the currency in overseas markets soaring to a near-record high......»»

Category: smallbizSource: wsjJan 6th, 2017

Asian shares rise as U.S. interest rates ease, China steps up yuan defense

TOKYO (Reuters) - Asian shares recovered to four-week highs on Friday as a surge in the dollar and its borrowing costs sparked by Donald Trump's election eased, with the U.S. 10-year yield slipping to one-month lows......»»

Category: topSource: reutersJan 6th, 2017

China"s choices narrowing as it burns through FX reserves to support yuan

SINGAPORE (Reuters) - As China's.....»»

Category: topSource: reutersJan 5th, 2017