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MarketWatch
Nov 27
Comment
Barack Obama couldn’t do it. Now it’s European Central Bank President Jean-Claude Trichet’s turn to try persuading China that it should allow its currency to appreciate.
Metal Bulletin
Nov 27
Comment
Copper on the Shanghai Futures Exchange (SHFE) lost 1,400 yuan per tonne ($205) due to Asian stock market losses and dollar gains
Bloomberg
Nov 27
Comment
China’s stocks fell, sending the
benchmark index to its biggest weekly loss in three months, as a
slump in commodity prices and share-sale concerns dragged raw-
materials producers and financial companies lower.
Wall Street Journal
Nov 27
Comment
Top European officials will press China this weekend to allow its currency to rise against the euro, amid political fears that the euro's strength could undermine Europe's recovery.
Bloomberg
Nov 27
Comment
Japanese officials are more likely
focused on the exchange rate of the yen versus China’s yuan
rather than against the dollar, according to Citigroup Inc.,
citing the fact that China is Japan’s biggest trading partner.
Bloomberg
Nov 26
Comment
(Update1) Japanese Finance Minister Hirohisa
Fujii said China’s currency is probably too weak, backing calls
from the U.S. and Europe to let the yuan appreciate.
Bloomberg
Nov 25
Comment
Japanese Finance Minister Hirohisa
Fujii said China’s currency is probably too weak, backing calls
from the U.S. and Europe to let the yuan appreciate.
Bloomberg
Nov 25
Comment
(Update1) China tightened rules on individuals
transferring yuan and foreign exchange between bank accounts
after speculation the nation’s currency will strengthen caused a
surge in capital inflows.
Bloomberg
Nov 25
Comment
China Shipbuilding Industry Co., the
nation’s largest maker of vessel equipment, plans to raise at
least 6.4 billion yuan ($937 million) in a Shanghai share sale
to fund facilities for building engines and parts.
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes a currency traded on the global foreign exchange market. View articles referencing this currency. |
The Chinese Renminbi, which is also known as the yuan, is issued by the People's Bank of China, the monetary authority of the PRC. The name the Yuan comes from the principle currency unit within the Renminbi. The units for the Renminbi are the Yuan (元), Jiao (角), Fen (分), where 1 Yuan = 10 Jiao = 100 Fen. The Chinese Renminbi literally means the "People's Currency"
For a discussion of its revaluation, see Revaluing the Yuan.
The chart at left shows the USD/CNY currency pair; the number of Chinese Renminbi equivalent to 1 U.S. Dollar (USD).
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