News and Information
On April 7, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 7, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 6.8838 yuan for 1 US dollar, 7.5149 yuan for 1 euro, 5.2253 yuan for 100 yen, 0.87693 yuan for 1 Hong Kong dollar, 8.5616 yuan for 1 pound, 4.5920 yuan for 1 Australian dollar, and 4.5920 yuan for 1 New Zealand dollar.
Foreign exchange trading reminder: the dollar rebounds but the weak outlook remains unchanged, if the Bank of Japan takes action, the United States and Japan cannot escape the fate of falling
On April 6, Beijing time, the Asian market morning, the US dollar index (101.9886, 0.0942, 0.09%) rose slightly, and is currently trading around 102.02. The US dollar rose on Wednesday, recovering from the two-month low hit in the previous trading session, as investors cut short positions to lock in profits ahead of Friday's important US non-farm payrolls report. However, the underlying trend of the US dollar remains tilted to the downside, and Wednesday's US private employment data also confirmed that...
Surpass the euro! The yuan has become the second largest foreign exchange reserve currency in this large country
According to CCTV News on April 1, a report released by the Brazilian Central Bank on March 31 local time showed that the RMB has replaced the euro as the second most important currency in Brazil's foreign exchange reserves. Some analysts pointed out that this reflects the deepening economic ties between Brazil and China. By the end of 2022, the RMB accounted for 5.37% of Brazil's total foreign exchange reserves, exceeding the 4.74% of the euro, and the dollar continued to account for 80.42%.
On April 6, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 6, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8747 yuan for 1 US dollar, 7.4986 yuan for 1 euro, 5.2532 yuan for 100 yen, 0.87578 yuan for 1 Hong Kong dollar, 8.5689 yuan for 1 pound, 4.6209 yuan for 1 Australian dollar, and 4.6209 yuan for 1 New Zealand dollar.
The international gold price has fallen, OPEC + has made a surprise move, and the FED may be forced into a corner
International gold prices fell as the Organization of the Petroleum Exporting Countries and its partners (OPEC +) unexpectedly announced oil production cuts, raising inflation concerns and raising the possibility of the Federal Reserve raising interest rates at its May policy meeting. U.S. March ISM manufacturing PMI data will be released later in the day, and the sub-indicator - the manufacturing new orders index - may contract further to 44.6. On Monday (April 3), international gold prices fell as the Organization of the Petroleum Exporting Countries and its partners (OPEC...
Foreign exchange trading reminder: ISM data weighs on the US dollar, the Federal Reserve Bank of Australia resolution is coming, and the Australian dollar may welcome more than 100 points
On April 4, Beijing time, the Asian market morning, the US dollar index fell slightly, and is currently trading around 102.06. The US dollar fell sharply on Monday, giving back the gains recorded after OPEC + unexpectedly further cut earlier. The market expects the Reserve Bank of Australia to maintain stability on Tuesday, but Deutsche Bank believes that if it emphasizes the possibility of further interest rate hikes and the next data released as evaluation conditions, it will weaken the interest rate cut expectations and benefit the Australian dollar. Scotiabank believes that the euro against the US dollar in the second half of this year...
On April 4, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 4, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8699 yuan for 1 US dollar, 7.4930 yuan for 1 euro, 5.1955 yuan for 100 yen, 0.87534 yuan for 1 Hong Kong dollar, 8.5356 yuan for 1 pound, 4.6639 yuan for 1 Australian dollar, and 4.6639 yuan for 1 New Zealand dollar.
On April 3, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 3, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8805 yuan for 1 US dollar, 7.4381 yuan for 1 euro, 5.1660 yuan for 100 yen, 0.87652 yuan for 1 Hong Kong dollar, 8.4614 yuan for 1 pound, 4.5903 yuan for 1 Australian dollar, and 4.5903 yuan for 1 New Zealand dollar.
On March 31, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 31, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8717 yuan for 1 US dollar, 7.4945 yuan for 1 euro, 5.1693 yuan for 100 yen, 0.87541 yuan for 1 Hong Kong dollar, 8.5127 yuan for 1 pound, 4.6131 yuan for 1 Australian dollar, and 4.6131 yuan for 1 New Zealand dollar.
Foreign exchange trading reminder: Why did the safe-haven yen sell off after plunging nearly 200 points overnight?
The dollar rallied against most major currencies on Wednesday, reversing some of its recent losses as concerns about the banking sector eased and the safe-haven yen suffered a sell-off. The dollar rallied nearly 200 points against the yen on Wednesday to around 132.84. As the Japanese financial year draws to a close, the yen is in turmoil. At the beginning of the Asian session on Thursday (March 30), the dollar index fluctuated narrowly and is currently trading around 102.62. The dollar rallied against most major currencies on Wednesday, reversing...
On March 30, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 30, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 6.8886 yuan for 1 US dollar, 7.4680 yuan for 1 euro, 5.1956 yuan for 100 yen, 0.87758 yuan for 1 Hong Kong dollar, 8.4797 yuan for 1 pound, 4.6019 yuan for 1 Australian dollar, and 4.6019 yuan for 1 New Zealand dollar.
On March 29, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 29, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8771 yuan for 1 US dollar, 7.4551 yuan for 1 euro, 5.2484 yuan for 100 yen, 0.87610 yuan for 1 Hong Kong dollar, 8.4804 yuan for 1 pound, 4.6101 yuan for 1 Australian dollar, and 4.6101 yuan for 1 New Zealand dollar.
Spot gold has fallen for two consecutive years, but bulls are expected to counterattack at any time, and the FED is waiting to lift market doubts
Spot gold fell back for a second straight session as a rally in equities dented the gold's safe-haven appeal. But investors continued to assess measures taken by authorities around the world to quell fears stoked by a crisis in the global banking system. While Chairperson Jerome Powell left the door open for further rate hikes if necessary, markets expect the Federal Reserve to keep rates on hold at its next meeting in May and project a more than 60% chance of a rate cut starting as early as July. That could continue to be bullish for gold prices. Monday (March...
The dollar held steady, and fears of a banking crisis rattled investors
The dollar was strong on Monday, while the yen hovered near a seven-week high as investors took stock of actions taken by authorities and regulators to dampen concerns about the global banking system. The dollar index, which measures currencies against six rivals, rose 0.078 percent to 103.060, having gained 0.5 percent on Friday amid banking jitters, with shares in Deutsche Bank (ETR: DBKGn) slipping nearly 9 percent. After the sudden collapse of two U.S. lenders,...
On March 28, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 28, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8749 yuan for 1 US dollar, 7.4303 yuan for 1 euro, 5.2371 yuan for 100 yen, 0.87580 yuan for 1 Hong Kong dollar, 8.4544 yuan for 1 pound, 4.5780 yuan for 1 Australian dollar, and 4.5780 yuan for 1 New Zealand dollar.
