CNYUSD=X - CNY/USD

CCY - CCY Delayed Price. Currency in USD
0.1487
+0.0007 (+0.4684%)
As of 4:02AM GMT. Market open.
Stock chart is not supported by your current browser
Previous Close0.148
Open0.148
Bid0.149
Day's Range0.148 - 0.149
52 Week Range0.1433 - 0.1604
Ask0.149
  • Reuters2 days ago

    China arrests 62 suspects abroad, $1.5 billion seized in P2P crackdown

    The arrest of P2P suspects hiding overseas is a top priority of Operation Fox Hunt, part of President Xi Jinping's war on corruption that includes bringing back government officials and business executives who have fled abroad with assets. The suspects are accused of crimes related to illegal fundraising, the ministry said on its website. P2P platforms gather funds from retail investors and loan the money to small corporate and individual borrowers, promising high returns.

  • China’s flexibility limited by its racking up debt, former policymakers say
    MarketWatch3 days ago

    China’s flexibility limited by its racking up debt, former policymakers say

    China recovered much more rapidly from the Great Recession, but now it’s the one holding the greatest amount of debt, a former policymaker said Friday.

  • Weak U.S. Data Reinforces Fears that the Economy has Peaked
    FX Empire5 days ago

    Weak U.S. Data Reinforces Fears that the Economy has Peaked

    The U.S. retail sales decline could be the beginning of markets correction and dollar decrease.

  • Reuters5 days ago

    China Stocks-Factors to watch on Friday

    * PREVIOUS TRADING SESSION MOVES: * SSEC -0.1 pct, CSI300 +0.2 pct, HSI -0.2 pct * HK- Shanghai Connect daily quota used 6.4 pct, Shanghai- HK daily quota used 0.4 pct * HK- Shenzhen Connect daily ...

  • Jerky trading sees dollar slide as economic data, trade remain in focus
    MarketWatch5 days ago

    Jerky trading sees dollar slide as economic data, trade remain in focus

    The U.S. dollar was weaker Thursday in a volatile session that was marked by a round of weaker-than-expected economic data that briefly overshadowed optimism over U.S.-China trade talks. Meanwhile, the euro and British pound grappled with slowing growth and continued drama surrounding Britain’s efforts to exit from the European Union with a new trade agreement. The ICE U.S. Dollar Index (DXY) a measure of the currency against a basket of six major rivals, first flipped in to negative territory during Thursday’s session after retail sales data for December showed an unexpected 1.2% decline, the worst drop in nine years.

  • Jobs report fails to alleviate pressure on U.S. dollar applied by a ‘patient’ Powell
    MarketWatch18 days ago

    Jobs report fails to alleviate pressure on U.S. dollar applied by a ‘patient’ Powell

    The U.S. dollar holds losses in the face of a jobs report that outpaced economists’ average expectations.

  • Dollar gauge bounces back from Powell-induced multiweek low
    MarketWatch19 days ago

    Dollar gauge bounces back from Powell-induced multiweek low

    The U.S. dollar recovers in late trading on Thursday after having spent earlier hours under pressure on the back of the Federal Reserve’s change in tone during its first monetary policy update of the year, saying it would be ‘patient’ with respect to further interest-rate increases.

  • Reuters20 days ago

    Over 300 Chinese firms flag full-year losses - state media

    Over 300 Chinese listed firms have said they will likely report full-year losses of over 100 million yuan each ($15 million), state media reported on Thursday, in a sign companies are facing increased pressure amid a slowing economy and trade frictions. The Shanghai Securities News newspaper said that firms were making the disclosures to meet requirements set by China's stock exchanges, adding that a large number were attributing their losses to asset writedowns or late payments from suppliers. As of Wednesday, 320 firms said that they would post losses of over 100 million yuan each, 129 of which said their respective losses would exceed 800 million yuan, the newspaper said.

  • Dollar pulls back, sterling set to finish week as best performer
    MarketWatch25 days ago

    Dollar pulls back, sterling set to finish week as best performer

    The U.S. dollar pulled back from recent gains on Friday, looking to end the week little changed compared with last Friday.

  • Reuters26 days ago

    China rolls out fiscal, monetary stimulus to spur economy

    BEIJING (Reuters) - China's economy grew at the weakest pace in nearly three decades last year amid weakening domestic demand and U.S. trade tariffs, prompting Beijing to announce a series of growth-boosting ...

  • MarketWatch26 days ago

    China releasing more cash to banks as PBOC works to offset economic slowdown

    China's central bank said on Friday it will release about 250 billion yuan ($37 billion) in additional cash to banks, Reuters reported, citing a bank statement. The move is due to changes in assessments for banks' targeted reserve requirement ratio reductions announced in 2018. Earlier this month, the central bank announced a cut in the amount of cash that banks have to hold as reserves this year as the People's Bank of China tries to reduce the risk of an economic slowdown. The total since then includes the 250 billion yuan announced on Friday and about 300 billion yuan after banks used most of the 1.5 trillion yuan released via the RRR cut, which took effect on Jan. 15 and Jan. 25. The liquidity was used to pay back maturing medium-term lending facility loans, the central bank said, according to the report. Separately, the PBOC created a bond swap facility that analysts said is the latest effort to counter the two-pronged risk of a trade war with the U.S. and a broad-based domestic economic slowdown. The move will allow holders to swap commercial bank perpetual debt for central bank bills to be used for borrowing collateral. A PBOC statement said this will "increase the financing support for the real economy."

  • China is at risk of following in Japan’s footsteps
    FX Empire28 days ago

    China is at risk of following in Japan’s footsteps

    The slight adjustments to the stock markets on Monday and Tuesday couldn’t diminish the investors’ positive outlook and the growth of key global indexes has resumed on Wednesday afternoon. The S&P500 futures and FTSE100 have both added 0.4% at the start of the day. Euro Stoxx has grown by 0.6% and Brent Oil is once again attempting to climb over $62.

  • Reuters28 days ago

    Chinese steel, iron ore slide as economic concerns persist

    BEIJING (Reuters) - China's steel and iron ore futures dipped on Wednesday following a broader sell-off across riskier assets, pressured by persistent concerns over weak demand amid a slowing global economy. ...

  • Reuters28 days ago

    China says will step up fiscal spending this year to support economy

    China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. Mounting pressure on the world's second-biggest economy pushed growth last year to its lowest since 1990 even as Beijing stepped up stimulus measures and spurred banks to lend more. The government may unveil more fiscal stimulus during the annual parliamentary meeting in March, including bigger tax cuts and more spending on infrastructure projects, economists say.

  • Reuterslast month

    Chinese drone maker DJI says employees inflated cost of parts

    China's SZ DJI Technology Co Ltd, a popular maker of drones which is investigating suspected corruption by its employees, said on Monday the matter involved staff inflating the cost of parts for personal gain. The privately held company estimates such incidents could cost the company up to 1 billion yuan ($147 million) but said it "did not incur a full year loss in 2018". On Friday, DJI said in a statement that it was "currently investigating a number of serious cases of corruption at the company leading to losses of more than RMB 1 billion for 2018".

  • China markets moves ahead as the U.S. is restrained by government shutdown
    FX Empirelast month

    China markets moves ahead as the U.S. is restrained by government shutdown

    The Chinese economy is slowing down to multi-year lows. GDP growth was 6.4% y/y in 4Q18 was the lowest in 28 years. However, monthly indicators hold out a hope of a change in trend.

  • Why the South African rand and Colombian peso appear most at risk for selloffs in 2019
    MarketWatchlast month

    Why the South African rand and Colombian peso appear most at risk for selloffs in 2019

    Last year was painful for emerging market currencies, but it looks like 2019 might not be much better.

  • Trade wars burden in China data pull markets down
    FX Empirelast month

    Trade wars burden in China data pull markets down

    A fresh batch of news on the Chinese economy heightened fears around global growth.

  • Earnings Season Once More. Can the Bulls Survive?
    FX Empirelast month

    Earnings Season Once More. Can the Bulls Survive?

    It’s been a particularly choppy start to the year for the U.S equity markets. The Dow fell to 2019 low 22,686.22 before bouncing back to hit 24,000 levels on Thursday. A number of drivers have dictated direction at the turn of the year.

  • Reuterslast month

    China promotes use of yuan among Southeast Asian nations

    China published a five-year blueprint on Friday seeking economic and financial integration between southern Guangxi province and Southeast Asia, representing Beijing's latest effort to promote international use of the yuan currency. China's state council, or cabinet, has agreed to build Guangxi, which borders Vietnam, into a financial gateway between the Association of Southeast Asian Nations (ASEAN) and China, the world's second biggest economy, the People's Bank of China (PBOC) said in a statement on its website. As a key objective of the plan, China will promote the use of the yuan among ASEAN countries, with plans to facilitate cross-border trade settlement, currency transactions, investment and financing in the Chinese currency.

  • Dollar rebounds from 3-month low as Powell repeats Fed could be ‘patient’
    MarketWatchlast month

    Dollar rebounds from 3-month low as Powell repeats Fed could be ‘patient’

    The U.S. dollar found some respite from recent selling on Thursday after dropping to a three-month low on the day prior as investors are focusing on an economic calendar filled to the brim with Federal Reserve speakers and data points.

  • BOE’s Carney sees the U.S. dollar eventually losing its reserve-currency status
    MarketWatchlast month

    BOE’s Carney sees the U.S. dollar eventually losing its reserve-currency status

    The U.S. dollar remains the world’s reserve currency—for now. However, a number of central banks lately are contemplating a world in which the almighty buck isn’t the pre-eminent global medium of exchange.

  • Currency Barometers Turned On “Caution mode”
    FX Empirelast month

    Currency Barometers Turned On “Caution mode”

    During the Wednesday trading session, the US markets positions were actively restoring, what not to say about the national currency due to news around the Fed.

  • David Malpass: Trump's World Bank chief choice
    Yahoo Finance Video13 days ago

    David Malpass: Trump's World Bank chief choice

    Yahoo Finance's Alexis Christoforous and Jared Blikre look into President Donald Trump's likely choice for the head of the World Bank after prior leader Jim Yong Kim stepped down unexpectedly in January, 2019.

  • Investors are back with a ‘big appetite’ for risk in emerging markets
    Yahoo Finance Video15 days ago

    Investors are back with a ‘big appetite’ for risk in emerging markets

    After the selloff in December, Chief Fixed Income Strategist Kathy Jones of Charles Schwab says investors are back with a "big appetite for risk" in sectors like emerging currencies. Yahoo Finance’s Alexis Christoforous speaks to her.