Sentences with phrase «trading against the yuan»

Following China's crackdown on trading against the yuan, some of the country's major bitcoin exchanges are now shifting to the OTC market.

Not exact matches

China may have played an early card in this week's trade summit with the United States as officials pegged the yuan at the lowest levels against the greenback in more than three months as the country's trade surplus swells to $ 58.25 billion.

The yuan has been rising quite consistently against the dollar since Friday, when the yuan was trading at as high as 6.6667 per dollar.

The Chinese yuan strengthened marginally against the greenback, trading at 6.6078 per dollar.

In China, the People's Bank of China set the set the reference rate for the yuan against the dollar, the mid-point from which the currency is allowed to trade, at 6.3732 versus the previous day's 6.3670.

The onshore yuan, also called the renminbi, is constrained by a trading band: China's central bank, the People's Bank of China (PBOC), lets the yuan spot rate rise or fall a maximum of 2 percent against the dollar, relative to the official fixing rate, which is set daily.

Volatility in currency markets could cause problems because Beijing sets the value of the yuan against a basket of the currencies of its major trading partners.

a.) All predicted that the Chinese Yuan should get cheaper soon against the dollar b.) They predict an end of the unprecedented run - up the dollar had in the last few month against most currencies (except for the yen, but that's a different story, it's the unwinding of the carry trade.)