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Renminbi: China Is Relaxing Restriction

PPandM 投稿日: 2014年07月03日 in #Trader's blog #Renminbi #Interbank

China is relaxing a bit restriction on the exchange rate of its currency. Banks will be allowed with immediate effect, to negotiate the exchange rate of the Yuan (Renminbi) against the U.S. dollar with customers on the basis of market demand. The exchange rate derives largely from the interbank market.

The relaxation is another step on the path to achieving market-based liberalization. The U.S. always complain about an undervalued yuan. The Bank of China announced that the exchange rate has now…

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How to Win Friends

PPandM 投稿日: 2014年07月02日 in #Trader's blog #Carnegie #Renminbi

Hi guys!
This is a smart message from Simon an old acquaintance and permanent traveler posted from Vienna/Austria this month and I won't keep you from hearing the news. He begins with a quote ...

If you want to gather honey, don’t kick over the beehive. (Dale Carnegie)

This was how Dale Carnegie titled the first chapter of his 1936 personal development masterpiece - How to Win Friends and Influence People. Carnegie had sensible advice: if you want to keep people on your team, first and foremost …

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Renminbi: The Race For The Yuan Trading Center

PPandM 投稿日: 2014年03月03日 in #Trader's blog #Germany #Yuan #Renminbi #Frankfurt

Frankfurt is in contention for becoming the first trading center for China's currency in the EURO area. But the rivals never rest. The chances for Frankfurt increase. Perhaps the agreement of such an "offshore center" at the end of March will be agreed during the visit of the Chinese party and state chiefs Xi Jinping in Germany. It is Xi's first trip to the Federal Republic since he has taken the lead in the second largest economy in the world a year ago. The German financial center would benefi…

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RENMINBI : A Planned Fall Of The Yuan?

PPandM 投稿日: 2014年03月02日 in #Trader's blog #Yuan #Pboc #Renminbi

China's currency is in the downward tumble. The Renminbi has lost one percent of its value. The Chinese currency has known only one direction: UP. But for about a week, the rate of the Renminbi (Yuan) against the US Dollar keeps falling. In contrast to other emerging markets. However, this is no capital flight, but a targeted intervention by the central bank PBOC.
The Renminbi is not fully convertible, it is under strict capital controls in the People's Republic. The PBOC is helpless. Any exper…

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YUAN: Under Reference Exchange Rate

PPandM 投稿日: 2014年02月25日 in #Trader's blog #Yuan #Renminbi #Reference Exchange Rate #Bank Of China

For the first time the Chinese currency fell below the reference exchange rate since 2012. The Chinese central bank "Bank of China" (PBoC) buys dollars in the market and the Chinese currency Yuan/Renminbi falls in value. "It's pretty obvious that the central bank buys dollars on State commercial banks in the market".
A dollar increased in price by up to 0.4 percent to 6,125 yuan, and listed in order above the current reference rate of the PBOC from $ 6.1184. The Chinese currency is not freely tr…

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Renminbi: China Is Relaxing Restriction

How to Win Friends

Renminbi: The Race For The Yuan Trading Center

RENMINBI : A Planned Fall Of The Yuan?

YUAN: Under Reference Exchange Rate

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