Latest Yuan News

IMF adds Yuan to SDR basket
May 03, 2018
Nasir Mohammad
The IMF adds Yuan to SDR basket, joining the US dollar, Euro, Pound and Yen. This is considered both a political and economic victory for the government of
Many observers have credited the surge in the dollar to the coming rate hike, Bank of America Merrill Lynch has a contrary opinion about the dollar rally...
Euro most affected by Yuan SDR inclusion
May 03, 2018
Nasir Mohammad
With the Euro getting the most impact from the Yuan SDR inclusion, it is unlikely that central banks will decrease euro reserves dramatically near-term ....
US retail sales to show economic strength
May 03, 2018
Nasir Mohammad
The July figure of the US retail sales will reflect the economy’s strength as we enter the third quarter of the year.Economists surveyed by MarketWatch ....
A strengthening and stabilising China economy can be seen from the various indexes that have displayed a pick up. One of which is the monthly gross domestic
IMF Yuan devaluation praise
May 03, 2018
Nasir Mohammad
IMF Yuan devaluation praise is built on the believe of the fund that it could be a step to a freely floated currency in the few years to come. The changes..
Bitcoin price peak reached almost $550. The digital currency is trading at $548.5 currently, which is a record for almost two years. The price went up on
UK enters deflation again?
May 03, 2018
Nasir Mohammad
An important figure for the day, would be the UK CPI y/y, released at 8:30 AM GMT. Watch closely to see if UK enters deflation again. In the past few months
Commence today with trade ideas for forex traders shared by the United Overseas Bank (UOB) ahead of YUAN joining the IMF SDR on 1st Oct. How will Yuan fair?
Following the devaluation of the Yuan, the currency rose to its highest ever ranking of most used currencies for global payments. As the Yuan surpasses Yen