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Chinese Yuan Reaches High Not Seen for Almost 19 Years

www.topforexnews.com

Chinese yuan is higher against the US dollar, gaining to its greatest value in almost 19 years. With so much weakness around the globe, pressure is high enough that China had little choice but to let the yuan appreciate.


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MMarquit's picture
2 years 7 weeks ago – Made popular 2 years 7 weeks ago
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Aussie Heads Higher on China Rate Cut

www.topforexnews.com

China announced, in a surprise decision, that it is cutting its interest rate. The announcement helped maintain risk appetite from yesterday, and provided a boost for the Australian dollar. Aussie is seeing gains today as a result of the Chinese policy decision.


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MMarquit's picture
2 years 27 weeks ago – Made popular 2 years 27 weeks ago
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US Dollar Slips After Earlier Strength

www.topforexnews.com

Earlier, US dollar was higher against its major counterparts, gaining as Forex traders looked for safe haven as growth worries persisted. Now, though, the greenback is heading a little bit lower as a bit of optimism peeks through.


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MMarquit's picture
2 years 28 weeks ago – Made popular 2 years 28 weeks ago
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China will account for half of all luxury car sales by 2020

www.automonster.ca

It has been predicted that by the year 2020 half of all luxury vehicles will be sold in China. Currently BMW only sells more vehicles in Germany than it does in China. Cadillac only sells more vehicles in the US than it does in China.


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AMABAIE's picture
2 years 31 weeks ago – Made popular 2 years 31 weeks ago
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China Gives Yuan a Little More Room to Float

www.topforexnews.com

For years, other countries have been asking China to let the yuan, also called then renminbi, to float more freely on the currency market. It appears that China is doing that now, with an announcement that the yuan will be allowed to float more freely against the US dollar.


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MMarquit's picture
2 years 35 weeks ago – Made popular 2 years 35 weeks ago
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You have seven years to learn Mandarin

money.cnn.com

Forget cheap imports. China's rise will soon be a force on Wall Street and Main Street and in Silicon Valley.


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MoneyNing's picture
6 years 29 weeks ago – Made popular 6 years 29 weeks ago
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