Trends - Yuan - Business Recorder

Yuan

China reduces items on the negative list for market access

Among the changes, foreign companies are now allowed to explore for, and produce, oil and gas in China. The restriction on foreign firms seeking to carry out carbon emission assessment in China was also lifted.

Published 16 Dec, 2020 10:15am

Markets

Yuan eases to 2-week low after PBOC injects record medium-term funds

Separately, markets mostly looked past solid economic data as traders have broadly reached consensus that a recovery in the world's second-largest economy from coronavirus disruption remains on track.

Published 15 Dec, 2020 12:06pm

Markets

Australian dollar retreats from 2-1/2 year highs

Australian government bond futures were flat, with the three-year bond contract steady at 99.804 and the 10-year contract unchanged at 99.982.

Published 15 Dec, 2020 11:46am

Business & Finance

China commerce ministry says Jan-Nov FDI up 6.3% y/y in yuan terms

For November alone, FDI rose 5.5% from a year earlier to 98.7 billion yuan.

Published 15 Dec, 2020 11:41am

Markets

Yuan rises despite latest PBOC measure to reduce capital inflows

Prior to the market opening, the PBOC set the midpoint rate at 6.5361 per dollar, 44 pips firmer than the previous fix of 6.5405.

Published 14 Dec, 2020 10:38am

Markets

China's yuan firms on stronger fixing; dollar in doldrums

Analysts and investors widely expect the yuan to continue rising in the medium term, helped by a weaker dollar and investors seeking higher yielding yuan investments.

Published 11 Dec, 2020 10:28am

Markets

Bullish bets on Asian FX hit multi-year highs as 2021 outlook brightens

The Bank of Thailand (BOT) on Wednesday said it stepped in to slow volatility in the baht so that it would not derail economic recovery, after the currency strengthened to a one-year high of 29 baht per US dollar.

Published 10 Dec, 2020 01:16pm

Markets

China yuan softer as safe-harbour demand boosts dollar

In the short term, traders said that the yuan would still be guided by dollar movements, with Sino-US frictions having a negative impact.

Published 08 Dec, 2020 01:07pm

Markets

China Nov FX reserves rose more than expected as yuan climbs

Foreign inflows into Chinese stocks and bonds have also been strong as China leads the global recovery from the COVID-19 pandemic.

Published 07 Dec, 2020 02:11pm

Markets

China's yuan pulls back from 2-1/2-year highs on Sino-US tensions

Spot yuan opened at 6.5330 per dollar and softened to 6.5344 by midday, 44 pips weaker than Friday's late session close.

Published 07 Dec, 2020 11:32am

Markets

China comfortable with yuan rises for now as economy recovers, sources say

"Yuan appreciation is supported by China's economic fundamentals," said Yu Yongding, an influential government economist who previously advised the People's Bank of China.

Published 04 Dec, 2020 06:09pm

Markets

Yuan ends at 2-week high; Biden comments on trade deal cap gains

Traders said strength in the yuan on Wednesday was largely due to a weaker dollar, which hovered near a 2-1/2-year low.

Published 02 Dec, 2020 04:04pm

Markets

Yuan ends domestic session at 18-month high, Q3 GDP eyed

Trade and credit lending data this week suggested the world's No.2 economy was recovering faster than expected from the coronavirus shock.

Published 16 Oct, 2020 04:02pm

Markets

China's yuan extends losses after PBOC changes reserves requirement

The offshore yuan was last down 0.9pc versus the US dollar, changing hands at 6.7510 at 0954 GMT.

Published 12 Oct, 2020 03:24pm

Markets

Yuan ends domestic session at 17-mth high, set for best session since 2005

If it retains all the gains at the late night close, it would have risen 1.27pc against the dollar on the day, marking the biggest one-day rise since July 2005.

Published 09 Oct, 2020 04:29pm

Markets

Yuan weakens as renewed virus fears buoy dollar

Spot yuan opened at 6.7920 per dollar and was changing hands at 6.7959 at midday, 141 pips weaker than Tuesday's late session close.

Published 23 Sep, 2020 05:39pm

Markets

Yuan extends gains to 16-month high as China data boosts risk appetite

China's yuan surges to 16-month high on economic data.
Australian dollar gains.
US dollar edges down.

Published 15 Sep, 2020 06:08pm

Markets

Yuan finishes domestic trade near 5-month high, recoups 2020 losses

The onshore yuan ended its domestic trading session at 6.9530 per dollar, its strongest close since March 11.

Published 05 Aug, 2020 05:49pm

Markets

Yuan closes domestic trade at 4-1/2-month high, set for best month in nine

The onshore yuan ended its domestic trading session at 6.9794 per dollar, its strongest closing level since March 11.

Published 31 Jul, 2020 04:35pm

Markets

Yuan finishes domestic session at 10-day low as Sino-US ties worsen

Beijing's decision was a retaliatory move after Washington abruptly ordered the closure of the Chinese consulate in Houston this week, amid allegations of spying.

Published 24 Jul, 2020 04:28pm

Markets

Yuan slumps after China threatens retaliation over consulate closure in US

The onshore spot yuan ended its domestic trading session at 7.0059 per dollar, its weakest closing level in more than a week.

Published 22 Jul, 2020 04:15pm

Markets

Risk-on move dents dollar; yuan set for best day since Dec

A broad-based risk-on move also weakened the US dollar.

Published 06 Jul, 2020 09:33pm

Markets

Yuan ticks up as Beijing signals more economic support

China's economy is gradually recovering from the coronavirus outbreak but demand remains soft amid job losses and concerns about the risk of a second wave of infections.

Published 18 Jun, 2020 06:59pm

Markets

China to start auctioning 1 trillion yuan special treasury bonds this week

Sales will be completed by the end of July, according to the sources, who attended a meeting held by China's Ministry of Finance, which will issue the bonds.

Published 15 Jun, 2020 03:35pm

Markets

Speculators boost bearish bets on US dollar

The net short position was the largest bearish position speculators have held in six weeks, the data showed.
US dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen.
Traders who are long

Published 13 Jun, 2020 02:27am

Markets

Yuan set for biggest fall in 2 weeks on risk aversion

The US dollar held firm against riskier currencies in early trade, while the Chinese unit is poised for its biggest one-day weakening in percentage terms in two weeks.

Published 12 Jun, 2020 05:34pm

Markets

Dollar, yen rise on Fed's bleak view, US stock market drop

Yen rises to 1-month high; Swiss franc hits 3-month peak.
U.S COVID-19 infections rise, fears of 2nd wave mount.
US jobless claims fall, producer prices rise.
Graphic: World FX rates in 2019.

Published 11 Jun, 2020 11:34pm

Markets

China's new yuan loans expected to fall in May, policy support intact

China made no annual growth target this year for the first time since 2002, and pledged more government spending as the COVID-19 pandemic hammers the world's second-biggest economy.

Published 08 Jun, 2020 04:00pm

Markets

Dollar/yuan swap points jump on expectations of widening yield gap between China and U.S.

One-year onshore dollar/yuan swap points rose to 860 points in afternoon trade, the highest since March 16.
Some market participants believe the move could suggest less yuan liquidity will be offered to the financial system in the near term.

Published 02 Jun, 2020 05:25pm

Business & Finance

Yuan ends near 2-week high, PBOC's plan to buy bank loans nudges forwards up

Spot yuan finished its onshore session at 7.1105 per dollar, the strongest such close since May 21.
The yuan is sensitive to developments in Sino-U.S. relations, traders said, and the PBOC's firmer-than-expected daily fixing could be interpreted as

Published 02 Jun, 2020 04:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Yuan

Most Popular