Yuan, Australian dollar gain on upbeat China factory survey
This is the best tl;dr I could make, original reduced by 66%. (I'm a bot)
TOKYO - A surprise improvement in Chinese factory activity supported the yuan and Australian dollar on Monday, and provided a broader boost to global investor confidence, helping the dollar gain against the safe-haven yen. That pushed the Australian dollar, often seen as an investment proxy for Chinese economic prospects, 0.15 percent higher to $0.7107. The Chinese yuan also gained 0.2 percent in offshore trade to 6.711 to the dollar. The U.S. dollar rose 0.15 percent to 110.93 yen, extending its advance from the 1-1/2-month low of 109.70 it touched a week ago. The Mexican peso gained 0.4 percent to 19.347 to the dollar while the South African rand gained more than 1.2 percent to 14.317 per dollar. The Turkish lira eased 0.9 percent to 5.591 per dollar after President Tayyip Erdogan's ruling AK Party was set to lose control of the capital Ankara for the first time in a local election and he appeared to concede defeat in the country's largest city, Istanbul.
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The People's Bank of China (PBOC) has set the yuan reference rate at 6.8101 versus Tuesday's 6.8171. The People's Bank of China (PBOC) has set the yuan reference rate at 6.8101 versus Tuesday's 6.8171. ... Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical ... The onshore yuan rose to 6.8969 per dollar, the highest since Jan. 22. Offshore, the yuan briefly hit 6.8935, its strongest since Jan. 21. China’s currency has recovered all of its losses since ... Yuan Currency Futures and Forex Trading . Investors wishing to maximize investment in the yuan through the use of leveraged investments may consider currency futures or forex market trading ... FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. CNY: In currencies, this is the abbreviation for the China Yuan Renminbi.
Chinese currency Yuan or Renminbi: banknotes and coins
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