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Search results “Us dollars and chinese yuan exchange rate” for the 2016
YUAN AND DOLLAR
 
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Shot 01/01/2004. FILE OF CHINESE CURRENCY, Bank employees counting Chinese currency/ VS US money being printed. To License This Clip, Click Here: http://collection.cnn.com/content/clip/370016_665.do
Views: 1735 CNN
Yuan-Niversary: One year since exchange rate reform
 
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It has been a year since the People's Bank of China (PBOC) carried out extensive exchange rate reform, marketizing the yuan’s exchange rate against the dollar. The PBOC now maintains the stability of the yuan against a basket of currencies set by the International Monetary Fund (IMF), fixing the yuan's daily trading midpoint according to the currencies' closing rates on the previous day. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 489 CGTN
Chinese Yuan Hits Lowest Level in Almost 8 Years
 
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The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump’s victory in the U.S. presidential election. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 3657 Wall Street Journal
RMB hit record low against US dollars in six years
 
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The People’s Bank of China set the Chinese yuan’s midpoint rate at 6.7098 per US dollar on Tuesday morning, 90 basis points lower than on Monday. Economists say the depreciation of the yuan, which has reached its lowest point since 2010, is due to the strengthening US dollar, which was led by the weakening of the British pound. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 953 CGTN
Why Does China Have Large Foreign Exchange Reserves?
 
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China’s large amount of reserves is linked to its aging population.
China's yuan joins U.S. dollar, pound, yen, euro as reserve currency
 
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IMF, 中위안 SDR 바스켓 편입 발표…라가르드 "역사적 이정표" China's yuan has officially joined the elite club of reserve currencies,... marking a milestone for the Chinese government's campaign for recognition as a global economic power. The yuan on Saturday joined the U.S. dollar, the euro, the yen and British pound in the IMF's so-called "special drawing rights" or SDR basket, which determines currencies that countries can receive as part of IMF loans. The People's Bank of China hailed the inclusion,... saying it's an affirmation of the success of China's economic development and results of the reform and opening up of the financial sector. The bank added that China will use the opportunity to further deepen economic reforms and open up the sector to promote global growth. The IMF announced last year that it would add the yuan to the SDR basket, so the inclusion is not expected to shake up financial markets. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 1616 ARIRANG NEWS
Uganda shilling weakens against dollar & other currencies
 
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The Ugandan shilling has continued to weaken against the US Dollar and other major currencies. The volatile exchange rate has left the local business community concerned. Michael Baleke has that report.
Views: 3109 CGTN Africa
What is a Trillion Dollars in Yuan?
 
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http://www.forexconspiracyreport.com/what-is-a-trillion-dollars-in-yuan/ What is a Trillion Dollars in Yuan? By www.ForexConspiracyReport.com According to the Investor’s Business Daily Chinese capital outflows reached $1 trillion last year. Which brings to mind what is a trillion dollars in Yuan? As exchange rates vary this number may go up or down but the current exchange rate is 6.5 Yuan to the US dollar so six and half trillion Yuan were converted to foreign currencies and fled China in 2015. China’s capital outflows jumped in December, with the estimated 2015 total reaching $1 trillion, underscoring the scale of the battle facing policymakers trying to hold up the yuan amid slower economic growth and slumping stocks. The entire year’s estimated trillion-dollar total was more than seven times 2014’s $134.3 billion, a record for Bloomberg Intelligence data dating back to 2006. In addition to capital exiting the economy, exporters are holding funds in dollars instead of converting them to yuan, said Tom Orlik, Bloomberg’s chief Asia economist in Beijing. “The immediate trigger for a pickup in capital outflows toward the end of the year was the People’s Bank of China’s poor communication over its shift in currency policy,” said Mark Williams, chief Asia economist for Capital Economics Ltd. in London, who previously worked on China issues at the U.K. Treasury. “Outflows are likely to remain strong because the People’s Bank still has not been able to generate confidence among investors that it knows what it’s doing or that it’s able to achieve its policy objectives.” As rich Chinese move their wealth offshore they sell Yuan and buy dollars, yen, euros or other currencies. And the Yuan goes down in value. A Year of USD/RNB Bloomberg Business has a graph that shows the last 12 months of USD/CNY exchange rates. A year ago a dollar got you 6.2 to 6.25 Yuan and as recently as a month ago the exchange rate was 6.59 Yuan to the dollar. It turns out that five years ago the exchange rate was about 6.5 Yuan to the dollar and the Yuan steadily fell to bottom out at 6.04 to the dollar at the end of 2013 as the USD rallied against all other currencies. Why Is Wealth Leaving China? The Wall Street Journal discusses China’s capital outflow quandary. As China’s foreign exchange hoard drops by hundred-billion-dollar chunks, a key question for economists and investors is what China’s bottom line is and what Beijing can do to defend it. China’s net foreign-exchange reserves have fallen by over $600 billion from their mid-2014 peak of $3.99 trillion as Beijing intervenes to prop up its weakening currency. China’s capital outflow was as much as $1 trillion last year by some estimates if trade surpluses and inbound investment flows are included. Some put Beijing’s red line at $3 trillion, which may not be far off if reserves fall another $200 billion by early March, as some forecast. China’s January figures are due out on Sunday. Trying to assess what Beijing is thinking takes on added importance as China’s problems batter global markets, commodity producers and confidence. China’s central bank and foreign exchange watchdog didn’t immediately respond to questions. Whether Beijing can stem the outflow soon is an open question. Economists say Beijing is working particularly hard to keep ordinary households from losing confidence in the yuan. The problem for China is that a falling Yuan is a self-fulfilling prophecy. Wealthy Chinese take money out of the country because they fear that the currency will devalue as the economy weakens and by their actions cause both a weaker currency and a cheaper Yuan. https://youtu.be/SHysuz_cI0I
Views: 325 ForexConspiracy
Chinese Currency now WORLD Currency!
 
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How would you like me to personally mentor you on becoming master of the stock market? Now's your chance! 👇Enter to Win Here, Will be Picking 5 Winners on Sunday https://rebrand.ly/contest-entry --~-- Chinese Currency now world currency! Yuan has been decided by IMF board to become one of the five world currencies! Thank you so much for watching! Please share with friends and family! Leave comments and questions. Please Subscribe!!
Views: 1877 Financial Education
Chinese currency Yuan or Renminbi: banknotes and coins
 
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Be my Patreon: https://www.patreon.com/user?u=2536435&ty=h&u=2536435 Showing you Chinese banknotes and coins
Views: 7876 China Non-Stop
Why China has been selling US Dollars
 
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http://www.illuminatisilver.com http://www.facebook.com/illuminatisilver Why China has been selling US Dollars Today is Sunday 14th February 2016 and we are providing an update on an alternative reason as to why China has been selling US dollars. We have frequently heard pundits claim that they are being sold because of fear of the dollar’s imminent collapse. We also hear that China plans to replace the dollar with the Yuan as the new world currency. Now frankly, when we raise this with economists they simply laugh and do that sign many make with their finger circling their temple when they believe someone is just a little barmy. So what is the real truth as to why China is selling dollars. Well we can at least give you the official explanation and you can make up your own mind as to whether you believe it or not. In August 2015, Beijing decided to tweak its exchange rate peg with the dollar, making the Yuan float in a wider band against the greenback. But the devaluation in itself was small. Allaying fears further, the Chinese began to immediately intervene to prop up the Yuan to stop it falling too fast by drawing down their reserves. However these defensive efforts have come at a cost – the erosion of China's foreign currency reserves. Many commentators have made large of the fact that China’s dollar reserves fell by a considerable $420 bn over the past six months and now stand at their lowest level since May 2012, however they neglect to add that China is still holding some $3.23 tn in foreign currency holdings. Please view our other videos: Gold and Silver Update w/e 12th February 2016 - by illuminati silver https://youtu.be/4fKqUtCA9Sw ABX launches today - improving transparency and price discovery in the Precious Metals Market https://youtu.be/K2OhVc8qUiI Janet Yellens Statement today proves Fed is more Dovish than Hawkish https://youtu.be/LFTxmWsSHoQ Trump Wins New Hampshire, Kasich 2nd and Cruz 3rd - Christie may now bow out https://youtu.be/ohFBXmMmEko Gold and Silver Price Manipulation - Part 6 of 11 - by illuminati Silver https://youtu.be/jg74Ub-KNVY Trump ahead - New Hampshire Republican Presidential Debate 2016 - analysis https://youtu.be/pxyKHbPNuuc Iran demands to Trade Oil in Euro’s and not Dollars https://youtu.be/D7mfkEI3stM Will India’s love for gold and silver slow down her economy? - by Kabir https://youtu.be/_UIdvfyNHEU Gold and Silver Update w/e 5th February 2016 - by illuminati silver https://youtu.be/K9P6BuvGDi4 US Job Figures for January 2016 fall well below market expectations https://youtu.be/jyJ9Zn07iqc Bank of England Holds Rates at 0 5% because of economic slowdown and low inflation https://youtu.be/mkQZfYgDYWU China to launch its own Government Backed digital currency in 2016 https://youtu.be/_jxfeE5vjFQ Who really won Iowa - Cruz - No - Trump - No - Rubio - Yes https://youtu.be/SCftCUn2xiY Gold and Silver weekly update for w/e 29th January 2016 - by illuminati silver https://youtu.be/hDrJrr0bPJo Fed January 2016 announcement makes March Interest Rate rise less likely https://youtu.be/nFOa6zo0KAE
Views: 6842 Illuminati Silver
Chinese yuan weakens to 4-year low against US dollar
 
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The central parity rate of the Chinese currency, the renminbi or yuan, depreciated to 6.5646 against the US dollar on Thursday. This is the lowest level since March 18, 2011, data from the China Foreign Exchange Trading System (CFETS) showed. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 596 CGTN
China’s exchange rate policy over the past decade
 
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Ben Bernanke explains the recent changes in China’s exchange rate and economic policy and why they are positive for the country’s economy. https://www.brookings.edu/events/gaining-currency-the-rise-of-the-renminbi/ On September 23, the Global Economy and Development program at Brookings hosted the launch of “Gaining Currency: The Rise of the Renminbi,” featuring the book’s author, Brookings senior fellow Eswar Prasad. Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Views: 1971 Brookings Institution
Currency Exchange Machine
 
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latest currency exchange machine video https://youtu.be/F-91yx_ls4Q which supports different currencies insert in, and choose the currency type that you want to take out Scan and OCR your passport; Mixed accept up to 8 currencies and dispense out note and coins. Cash acceptor mixed accept up to 8 currencies and maxi 100 denominations; Dispense out notes in bunch and up to 4 denominations and multi-denominations coins. Can change the exchange rate through remote server Contact person: Ms. Rita Yang Skype: hunghui-rita Cell / WhatsApp: +86- 134 1074 1779
What Are The World's Strongest Currencies?
 
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» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe It was in 1971 that President Nixon declared drugs to be America's "public enemy number one." After more than four decades, we want to know, did the war on drugs work? Learn More: Drug War Statistics http://www.drugpolicy.org/drug-war-statistics "Amount spent annually in the U.S. on the war on drugs: More than $51,000,000,000" The Price and Purity of Illicit Drugs: 1981 Through the Second Quarter of 2003 https://www.ncjrs.gov/ondcppubs/publications/pdf/price_purity.pdf "This report extends, improves, and augments previous estimates of trends in the price and purity of five major illicit drugs-powder cocaine, crack cocaine, heroin, d-methamphetamine, and marijuana-using data from the 1981-2003 Drug Enforcement Administration's (DEA's) System to Retrieve Information from Drug Evidence (STRIDE) database." Prisoners in 2011 http://bjs.gov/content/pub/pdf/p11.pdf "During 2011, the number of prisoners under the jurisdiction of state and federal correctional authorities declined by 0.9%, from 1,613,803 to 1,598,780." Watch More: The Life Of An Eight Ball Of Cocaine https://www.youtube.com/watch?v=ed0l4WPVRe4 _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld
Views: 957150 NowThis World
Yuan inches down amid strong US dollar demand
 
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The Chinese yuan slipped against the US dollar on Wednesday as demand for the greenback surged after the long Lunar New Year holiday. The People's Bank of China set the midpoint rate at 6.5237 against the US dollar, that's 0.16% weaker than the previous rate. Despite the decline, investors are expecting the yuan to remain stable in general in the near term. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 304 CGTN
What is Exchange Rate : Explained with Animation
 
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This Video Explains the following: 1)Exchange Rates. 2)Why the value of Currency Fluctuates. 3)How the value of a currency is decided. 4)How Demand of Goods influences the Value of a Currency. For More Animated Explanations under 5 minutes, Subscribe to Science Digest. (Suggestions/Errors, please let us know. We appreciate it.)
Views: 78508 Science Digest
China's Yuan spikes after week long plunge
 
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The central parity rate of the Chinese currency renminbi strengthened by 10 basis points to 6.5626 against the U.S. dollar on Monday. It came after the RMB dipped to a five-year low against the greenback last week. As the yuan is under persistent depreciation pressure, Ma Jun, the PBOC's chief economist, said the RMB's exchange rate will be determined with more reference to a basket of currencies.
Views: 133 New China TV
China's Currency Reserves Plunged! U.S. Dollar Reserve Currency Status Threatened!
 
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Look In My Book!: http://book.themoneygps.com ******************************************************************** My Free eCourse to Unveil the TRUTH: http://themoneygps.com/freeecourse Tools You NEED to Prepare for the COLLAPSE: http://themoneygps.com/store ******************************************************************** Sources: Exclusive: Iran wants euro payment for new and outstanding oil sales - source | Reuters http://www.reuters.com/article/us-oil-iran-exclusive-idUSKCN0VE21S China's currency reserves plunged in January - BBC News http://www.bbc.com/news/business-35516054 Ford to build plant in Mexico, ramp up output from the country: WSJ http://www.cnbc.com/2016/02/07/ford-to-build-plant-in-mexico-ramp-up-output-from-the-country-wsj.html Exclusive: Venezuela central bank in talks with Deutsche Bank on gold swap | Reuters http://www.reuters.com/article/us-venezuela-economy-exclusive-idUSKCN0VE1AT Even The Fed's "Owners" Aren't Buying What Janet Is Selling | Zero Hedge http://www.zerohedge.com/news/2016-02-07/even-feds-owners-arent-buying-what-janet-selling
Views: 8223 The Money GPS
Chinese yuan falls to four-year low against US dollar
 
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The Chinese yuan fell to a four-year-low against the US dollar on Monday, with the central parity rate tumbling to 6.5190, its lowest value since May 2011, according to China Foreign Exchange Trade System. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 720 CGTN
One year after China’s exchange rate reforms
 
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Last August, China took a big step to reform its exchange rate system, allowing for market forces to play a greater role in the yuan's daily value. One year on, how much has changed? Xu Sitao, Chief Economist from Deloitte China, and Nicholas Lardy, Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics, discuss the progress. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 670 CGTN
Getting Money In and Out of China
 
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What is the best way of getting money in and out of China? If you are coming to China, should you bring cash or credit cards? Will your bank card work in ATMs and Chinese banks? What is the exchange rate in China? Can you use USD in China? Want to survive in China? Let me show you how. Join me on Facebook: http://www.facebook.com/winstoninchina Support me on Patreon: http://www.patreon.com/serpentza Twitter: @serpentza Music used: starlitdeception.s3m
Views: 71027 serpentza
Is USD/CNY's Steady Climb a Boon or Serious Risk for China?
 
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Talking Points: • USD/CNH has risen to fresh record highs while the longer-running USD/CNY tops six-year highs • A depreciation of the Chinese currency does help the countries exports and thereby GDP • Yet, a serious risk arises in promoting/allowing the exchange rate to rise should risk aversion kick in #news @JohnKicklighter
Views: 1186 DailyFX
Here's Why It's Time to Short Renminbi Currency, as Experts Expect More Declines Ahead
 
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While stocks are currently flirting with record highs, it was a much different story one year ago. On August 11, 2015, the S&P 500 opened sharply lower, as investors woke up to news that China devalued its renminbi currency by 2 percent against the dollar, sparking its largest one day drop in 11 years. This sent stocks into a tizzy, including Apple and Caterpillar , companies exposed to China's economy. 'The People's Bank of China decided to implement a one-off devaluation of the renminbi in order to regain some of its control of monetary policy in an environment where the Federal Reserve was getting ready to hike rates [in September 2015], or at least so we thought,' said Ian Gordon, an FX strategist with Bank of America Merrill Lynch, based in New York. The Fed ended up making its first rate hike since 2006 in December 2015, as volatile stock markets kept the Fed on the sidelines in September 2015. The S&P 500 fell 0.96 percent on August, 11 2015. 'The market reaction was very surprised at this and it didn't immediately understand what the ramifications were going to be,' Gordon said. The stock market correction that ensued on August 24, 2015 was caused in part by uncertainty surrounding the renminbi. A weaker renminbi makes China's exports more attractive. One year later, the renminbi has stabilized, although it still declined 4.7 percent against the dollar. A repeat of the events that took place one year ago are unlikely. 'I think the Chinese authorities have started to do a better job communicating their intentions and the expectations on what the currency is going to be doing so that has helped stabilize investor sentiment,' Gordon said. He also said the dollar has weakened so far this year, which has taken pressure off the PBOC from devaluing the currency more aggressively and allowed them to depreciate the currency in a more orderly fashion. The U.S. Dollar Index fell 3 percent year-to-date. 'We actually see the renminbi continuing to weaken over the course of this year,' Gordon said. Bank of America expects the dollar-renminbi exchange rate to rise to 7 by year's end, up from its current level of 6.64 yuan, and remain there until mid-2017 before declining to 6.8 by the end of 2017. He said the PBOC doesn't want to use lower interest rates to support weak economic growth, and instead prefers to use the currency to its advantage. China's economy, the world's second largest, grew 6.7 percent in the second quarter of 2016, a far cry from the double-digit growth seen back in 2010. 'We think it's time to short the renminbi,' he said. 'We prefer to do it against a basket of currencies rather than just against the dollar.' TheStreet's Scott Gamm reports from Wall Street. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
China's yuan at 8-year low against the US dollar - economy
 
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China's currency, the yuan, continues to fall. It has just hit its lowest value in almost eight years against the US dollar having declined for eight days in a row. Traders said the yuan has been under pressure recently due to a strong US currency. The dollar has rallied after the shock from Donald Trump's surprise election win receded. The foreign exchange experts also pointed out the yuan is stable against the euro, the British pound and the Japanese yen … READ MORE : http://www.euronews.com/2016/11/15/china-s-yuan-at-8-year-low-against-the-us-dollar euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.
Views: 199 euronews Business
Why do countries devalue their currencies? - Tell me why
 
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What is currency devaluation and what does it mean? And why do countries, by their own wish, devalue their currencies? Find out why countries devalue their currency in this short animated video. What's your next question? Have any questions in science field or may be any doubts in the field of astronomy? We are here to answer. So be creative. What's your question? ♦astronomy ♦biology ♦economics ♦history ♦others Ask your [email protected] http://facebook.com/tellmewhyvideos https://twitter.com/tellmewhyvideos Or Comment down below Sources and further readings: https://www.quora.com/How-do-countries-devalue-currency/answer/Balaji-Viswanathan-2 Background music: Kevin Macleod
Views: 54185 The Explained Show
Discussion: Yuan hits 8-year low
 
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China's yuan fell to an almost eight-year low on Wednesday as the strengthening US dollar put more pressure on the currency. The People's Bank of China set the trading rate of the yuan, also known as the renminbi, at 6.8495 against the dollar, down 0.30 percent from the day before. The yuan has been battered in the past weeks, down to a string of six-year lows in the face of a dollar rising on expectations of sharper US interest rate hikes. President-elect Donald Trump pledged during his campaign to boost spending and slash taxes. Analysts say Beijing is now intervening to prop up the yuan's sagging value against the surging dollar. Take a listen to how the rise and fall of the yuan affects China's economy with Zhao Zhongxiu from the University of International Business and Economics, Max Wolff from New York's New School University and Simon French of Panmure Gordon in London. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 456 CGTN
Gaining currency: The rise of the renminbi
 
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On September 23, the Global Economy and Development program at Brookings hosted the launch of “Gaining Currency: The Rise of the Renminbi,” featuring the book’s author, Brookings senior fellow Eswar Prasad. https://www.brookings.edu/events/gaining-currency-the-rise-of-the-renminbi/ (Transcript available) Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Views: 4397 Brookings Institution
IMF Adds China's Yuan to Top Currencies
 
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(30 Nov 2015) The Chinese yuan will join a basket of the world's leading currencies, the International Monetary Fund announced Monday. The IMF said that the yuan met all existing criteria to be included with the U.S. dollar, euro, Japanese yen and the British pound as one of the currencies used for the global organization's Special Drawing Rights, which serves as a standard for dealing with the financial reserves of its 188 member governments. China is the world's second largest economy. Currency traders and economists say the move should encourage the government in Beijing to deliver on promises to make the yuan "freely tradable" and to open up its financial system. The country has historically pegged its currency to the dollar, giving it an advantage in exporting goods to the United States and helping it to emerge as a manufacturing powerhouse. IMF Managing Director Christine Lagarde said the inclusion was "clearly an important milestone in a journey that had begun months, if not years ago" to a "market-driven" economy in China. The decision was based off the volume of exports involving the yuan and its use in the financial markets, among other factors. Lagarde said she would have reserved judgment about the yuan's addition a year ago. But China reformed the openness of its policies in setting interest rates and the transparency of its data. The IMF chief said the decision was based on the reforms that have been made and those that are expected to happen in the future. The U.S. Treasury Department said it supported the recommendation by IMF staff that China's currency - also known as the renminbi - be included in the Special Drawing Rights basket. The IMF's decision is set to take effect in October 2016. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/c2eb14536c5bb3c6f698b4cd7e11ca63 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 102 AP Archive
Financial Talk After SDR RMB  devalulation  against US Dollar 中國匯率房價實業困局
 
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China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power. The yuan joins the U.S. dollar, the euro, the yen and British pound in the IMF's special drawing rights (SDR) basket, which determines currencies that countries can receive as part of IMF loans. It marks the first time a new currency has been added since the euro was launched in 1999.The IMF is adding the yuan, also known as the renminbi, or "people's money", on the same day that the Communist Party celebrates the founding of the People's Republic of China in 1949. "The inclusion into the SDR is a milestone in the internationalization of the renminbi, and is an affirmation of the success of China's economic development and results of the reform and opening up of the financial sector," the People's Bank of China said in a statement. China will use this opportunity to further deepen economic reforms and open up the sector to promote global growth, the central bank added. The IMF announced last year that it would add the yuan to the basket, so actual inclusion is not expected to impact financial markets. But it puts Beijing's often opaque economic and foreign exchange policy in the international spotlight as some central banks add yuan assets to their official reserves. Critics argue that the move is largely symbolic and the yuan does not fully meet IMF reserve currency criteria of being freely usable, or widely used to settle trade or widely traded in financial markets. U.S. Republican presidential nominee Donald Trump has said he will formally label China a currency manipulator if he wins November's election. China stunned investors by devaluing the currency last year and the yuan has since weakened to near six-year lows, adding to worries about already feeble global growth. Some China watchers also fear that Beijing's commitment to further market opening and financial sector reforms will fade after its diplomatic success, despite repeated reassurances from Beijing it will continue with the process. U.S. Treasury Secretary Jack Lew said on Thursday the yuan was "quite a ways" from true global reserve currency status. The new IMF status recognizes the "enormous" change in China in the last 10 years that had made the yuan more open, but Beijing still had work to do to make its currency and its economy more market-driven, he said. "Being part of the SDR basket at the IMF is quite a ways away from being a global reserve currency," he said. Capital Economics said inclusion of the currency in the IMF's SDR basket will have minimal impact on foreign demand for yuan assets, so "offers little support" for the currency. Financial Talk After SDR RMB devalulation against US Dollar 中國匯率房價實業困局,for more information about china world news visit site at http://youtube.com/user/worldinchinese as well as business website at http://penglaichina.com
Why Foreign Currency Reserves Are Important – A Beginners Guide
 
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http://illuminatisilver.com http://facebook.com/illuminatisilver Why Foreign Currency Reserves Are Important Today is Sunday 18th December 2016 and we are providing an explanation as to what Foreign Currency Reserves are and why they are important. We are too well aware that many of our subscribers have differing experiences with and knowledge of; markets, foreign currencies and International currency trading issues. So as a guide for those who are perhaps less experienced in these areas we thought we would provide a brief definition and general guide as to what they are why such reserves are important and how various Governments use them. Foreign Currency Reserves (Forex Reserves) is the amount of foreign currencies that are held by the Central Bank of a country. In general use, foreign currency reserves may also include gold and IMF reserves such as SDR’s or Special Drawing Rights. 2 Main Reasons for Holding Foreign Currency Reserves are: 1. To influence the exchange Rate. With large foreign exchange reserves, a country can target a certain exchange rate. For example, suppose a country wanted to increase the value of its currency, it could sell it’s dollar reserves to buy its own currency on the foreign exchange markets. The increased demand for this currency would appreciate its value. An example of the opposite of this happening and to which President-Elect Trump has made reference during the Election campaign, is the case of China who have historically been trying to keep the Yuan undervalued by selling Yuan and buying Dollars thereby improving their export prospects to overseas markets – by flooding them with ‘cheap goods’. This is why China has so many Dollar reserves in excess of $3 trillion worth at the current time. 2. To act as a Guarantor for Liabilities such as External Debt. If a country holds substantial foreign debt, holding foreign currency reserves can help to give more confidence in the country’s ability to pay. If countries have dwindling foreign currency reserves, there is likely to be deterioration in a country’s credit worthiness. There are Problems however in holding Foreign Currency Reserves: 1. Foreign Currency Reserves are rarely sufficient to target a certain exchange rate. If speculators sell heavily, then a currency will fall despite the best efforts of a Central Bank. e.g. In 1992, the UK lost billions of pounds trying to protect the value of Sterling when it was in the Exchange Rate Mechanism. Eventually, the UK authorities had to admit defeat and devalue the pound. This was the time when the much maligned George Soros made a $1 billion in betting against the Bank of England. 2. Inflation Erodes Value. The problem with holding foreign currency reserves is that they can lose their value. Inflation erodes the value of currencies not fixed against gold for example. Therefore, a Central Bank will need to keep buying foreign reserves to maintain the same purchasing power in markets. 3. They may lose Money on Currency Changes. In theory a Central Bank can make money through the appreciation of other currencies it holds. However, many Central Banks have been losing money through the long term decline in the value of the dollar for example, though recently this situation has reversed. Knowing all of this now, hopefully when you hear that a country has embarked on a policy of selling its US Dollar foreign currency reserves, such as China has recently, rather than assuming it’s because it no longer has confidence in that currency, which many of the gold and silver pumpers would have you believe, which admittedly could be one reason, it could also be because it is trying to maintain or prop up the value of its own currency - the Yuan - for which it has exchanged those dollars or even taking profits on some of the reserves it owns, especially when the dollar is gaining strength. Please view our recent videos: Gold and Silver Update w/e 16th December 2016 https://youtu.be/ulTkoUYUoFA Ignore the Dollar Collapse Fear Mongering – Rants Illuminati Silver https://youtu.be/5iOG7-_vvF0 Gold nanotechnology and AMD - Blindness https://youtu.be/jNry9Q8aaQs Fed raises Rates - More to Come - Gold and Silver prices fall https://youtu.be/3NMz7kZf4eA Oil prices Jump 6% – Good News for Gold and Silver prices https://youtu.be/yEPyvytaV5Y Why is Donald Trump upsetting the Chinese Bear? https://youtu.be/tB_f9yO9KsI FED, Gold, Silver, Interest rates and Markets 2016 https://youtu.be/DhUGxJtDmiQ Gold and Silver Update w/e 9th December 2016 https://youtu.be/1QX6134XbPU Why Silver May Outshine Gold (cont.) https://youtu.be/tWqrbebJuZ4 ECB Extends QE but Tapers it – Gold prices rise in Euro terms. https://youtu.be/DaOKkkEn-Ug Financial Armageddon – The Final Days https://youtu.be/CNl3RCMSpOo
Views: 15249 Illuminati Silver
PBoC: Yuan exchange rate stable
 
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China's central bank reiterated its stance on the country’s foreign reserve and foreign exchange rate on the sidelines of the G20 meetings in Shanghai. People's Bank of China’s governor Zhou Xiaochuan said the recent fluctuation in foreign reserves is reasonable and the yuan’s rate is stable against a basket of currencies. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 190 CGTN
PBOC fixes weakest yuan reference rate in 3 months
 
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For currency market players, this data-packed day started with another surprise from the People’s Bank of China. Chinese monetary authorities continue to keep a close watch on the exchange rate of the national currency. The country’s central bank once again intervened in the currency market to adjust the value of the Chinese yuan by weakening its daily reference rate. As a result of the regulator’s intervention, the yuan lost 0.46 percent against the US dollar during the first half of the trading day. This is the biggest devaluation since January. The key reason behind the monetary authorities’ move is an attempt to support exporters and give a competitive edge to Chinese-made goods on the international trading arena. In early 2016, the People’s Bank of China devalued its currency several times, causing the yuan to shed 1.5 percent of its value and triggering turmoil in financial markets. Investors, who feared that the crisis could repeat, flocked to safe haven assets and piled up bullish bets on the US dollar. Nevertheless, despite the stronger greenback, the Australian dollar managed to withstand the pressure and edge higher. The Aussie touched the 0.7710 area versus its American counterpart in the early New York session. While investors hope that the actions taken by the Chinese authorities will prove efficient and give a boost to China’s manufacturing sector by increasing the volume of Australian commodity exports to Chinese factories, it is not the only factor driving the Aussie upwards. Upbeat economic fundamentals also provide support to the Australian dollar. According to official figures, the number of Australian workers logged a sharp rise of 26,100 people in March. Analysts had expected a more modest gain of 20 thousand jobs. Against the backdrop of improving employment, the jobless rate dropped to 5.7 percent in March against the expectations for an uptick to 5.9 percent. Find out more about the latest developments on financial floors by watching our next news releases on InstaForex TV. See you! м
Views: 47 InstaForex
Turkey Calls for CURRENCY WAR Against U.S. Dollar! China and Russia!
 
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Support My Work: https://www.patreon.com/themoneygps PayPal: https://goo.gl/L6VQg9 BitCoin/Tip.Me: http://themoneygps.tip.me Look In My Book!: http://book.themoneygps.com My Free eCourse to Unveil the TRUTH: http://themoneygps.com/freeecourse Tools You NEED to Prepare for the COLLAPSE: http://themoneygps.com/store ******************************************************************** Sources: UK Supreme Court begins hearings on Brexit challenge https://www.yahoo.com/news/uk-supreme-court-hear-historic-brexit-case-063113306.html Last world leader standing: The photo that shows just how much the world has changed in 2016 | The Independent http://www.independent.co.uk/news/world/photo-world-changed-obama-merkel-renzi-cameron-hollande-a7456471.html Erdogan wants trade with Russia, China in local currencies https://www.yahoo.com/news/erdogan-wants-trade-russia-china-local-currencies-150129335.html Trump hasn't taken office yet, but he's probably already had an impact on your finances | Circa News - Learn. Think. Do. http://circa.com/world/economics-business/trump-hasnt-taken-office-yet-but-hes-probably-had-an-impact-on-your-finances Amazon unveils ‘self-driving’ brick-and-mortar convenience store | The Seattle Times http://www.seattletimes.com/business/amazon/amazoncom-unveils-self-driving-brick-and-mortar-convenience-store/ http://www.dailymail.co.uk/news/article-4002118/R ival-g angs-m igrants-t hrow-chairs-a rm-s mashed-f urniture-b attle-Dutch-as ylum-c entre.html News from The Associated Press http://hosted.ap.org/dynamic/stories/U/US_GOP_CONTROL_AMENDING_THE_CONSTITUTION?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-12-05-12-00-41
Views: 23349 The Money GPS
USD/CNH – Intervention Risk is Turning the Market Upside Down
 
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Talking points to consider in this Forex market: US Dollar finds some point and sees a sharp gain. Too much intervention risk to justify any trade. Trade strategy: Stand aside The USD/CNH Forex market, which is the offshore trade market for the Chinese Yuan, is trying to recover higher. The Dollar saw its largest daily advance in a week yesterday. This move was a premonition of another higher fix setting for the USD/CNY by the Peoples Bank of China (PBOC). These adjustments are in line with their new policy setting program introduced back in August of 2015. Technical Analysis Let’s discuss today’s daily USD/CNH technical analysis. A daily close above the near term resistance barrier lining up at 6.6245 challenges the next technical resistance level lining up at 6.6645. The alternative daily technical analysis for the USD/CNH Forex market notes the January 13 low as the first technical support level. This support barrier is lining up at 6.56. A close below here challenges the next support level lining up at 6.5215. This is a former resistance level. Trade Strategy There has been yuan devaluation which is designed to undo the previous Forex market. This market was in place to keep an artificially strong Dollar to help exports. There has been a falloff of Chinese Forex reserves since the first big adjustment when they weakened the CNY rate in August. This reserve falloff continues. What does this mean? Should this Forex markets be left alone then the yuan would selloff more aggressively. As far as trade strategy is concerned for the USD/CNH Forex market, any trade is risky right now. Relying on technical analysis is precarious to say the least. Should China suddenly abandon efforts for a slow devaluation, then any chart patterns today will go poof. Shell-shocked financial markets would scramble. I will opt to remain flat in the USD/CNH Forex market till further notice, but will continue to cover it.
Views: 61 CupO'Forex
The Chinese government’s reluctance to initiate a market-determined exchange rate
 
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Jin Zhongxia, the IMF’s Executive Director for China, explains how the Chinese government tries to strike a balance between exchange rate stability and flexibility by maintaining a market sensitive, rather than a market-determined, exchange rate. https://www.brookings.edu/events/gaining-currency-the-rise-of-the-renminbi/ On September 23, the Global Economy and Development program at Brookings hosted the launch of “Gaining Currency: The Rise of the Renminbi,” featuring the book’s author, Brookings senior fellow Eswar Prasad. Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Chicago Economics Society--IMF SDR: An Emerging Global Currency?
 
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What was the role of Special Drawing Rights (SDR) in stabilizing the global economy after the 2008 financial crisis? Should and could SDRs replace US dollar reserves for governments and international businesses? What will the inclusion of the Chinese currency in the SDR basket do to the Chinese and global economy? Is China’s currency becoming more or less regulated? Introductory Remarks: Siddharth Tiwari Moderator: Pedro da Costa Speakers: Dr. Thomas Krueger and Dr. Warren Coats
chinese devaluation and interest rate of US, impact on india
 
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chinese devaluation and interest rate of US and their impact on indian economy. A brief explanation about the recent happening and economic scenario of the world which is affected by devaluation of yuan and the interest rates by US and how India can reap benefit out of it. http://www.investopedia.com/articles/forex/090215/chinese-devaluation-yuan.asp https://www.youtube.com/watch?v=bqLF0WJCpWw http://www.brookings.edu/blogs/order-from-chaos/posts/2015/09/21-chinese-currency-devaluation-dollar https://www.youtube.com/watch?v=fdlBBtKkog4
Views: 382 bharat tandon
Why Iran's rial hit an all-time-low against the US dollar
 
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Iran's currency, the rial, has hit an all-time record low against the U.S. dollar. Although several reasons for the slide have been put forward by economists - amongst them the strength of the dollar against other currencies in the last few weeks, and the uncertainty before Iran's presidential elections next year - many suggest the main reason is the election of Donald Trump in November. "Amongst external factors, there is the rise of interest rate in the United States which has added to the … READ MORE : http://www.euronews.com/2016/12/28/why-iran-s-rial-hit-an-all-time-low-against-the-us-dollar What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Views: 28574 euronews (in English)
China's Experiment With a Market-Rate Yuan
 
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Currencies usually rise and fall based on market forces. China's government said it would loosen its hold on the yuan last August, instead of its traditional policy of setting the currency's value. It hasn't worked out so well. Photo Illustration: Andrea Liang/The Wall Street Journal Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 2356 Wall Street Journal
Time To Buy Gold Was Yesterday - Financial Warfare - China Yuan & YOU
 
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There are earthquakes in the economy. Join the Junius Maltby channel today as we discuss what is literally "shaking" and what it could mean for you. * Update News of following day: https://www.youtube.com/watch?v=aA6eFNHtA8M HUGE SHOUT OUT TO WHOEVER YOU ANONYMOUS VIEWERS ARE THAT PROVIDED THE CHANNEL WITH A SMALL DONATION THROUGH THE, "FAN FUNDING"! THANK YOU. YOUR CONTRIBUTIONS SHOW ME THAT YOU VALUE THIS CHANNEL AND INFORMATION, AS WELL AS MY TIME, AND EFFORT. Thank you to all of you who have supported and continue to support this channel by CLICKING the link in the upper right corner of the videos and making a small, humble contribution to the JUNIUS MALTBY CHANNEL. I thank you from the bottom of my heart for the help and support. Longest video on the SGE / SHAU / SHANGHAI GOLD EXCHANGE https://www.youtube.com/watch?v=XiKeeCuh7EU
Views: 12099 Junius Maltby
USD counters strike from Asian rivals
 
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The US dollar index is trading under pressure as markets are braced for the US presidential election in early November. However, the US dollar is not going to give in to its rival currencies. Investors have increased demand for the yen, which erased the dollar’s earlier gains. Today, the dollar/yen pair is trying to touch a high of October 25 and trading at 104.62. Currency strategists expect the pair to grow to 104.90 as the report on US durable goods orders for September is due later today. On the whole, the Japanese yen has been weakening mainly due to the stance of the Bank of Japan. Governor Haruhiko Kuroda stated that the regulator is not going to scale down the amount of bonds in the short term to maintain the benchmark 10-year yields close to zero. Now traders realize that the Bank of Japan is not ready to deliver further interest rate cuts. Besides, the Chinese yuan is also declining against the US dollar amid the widely expected rate hike at the US Fed’s policy meeting in December. The dollar/yuan pair is trading at 6.7764. Analysts foresee a further advance to 6.80. As an alternative viewpoint, some analysts suggest that the yuan’s weakness is temporary as the People’s Bank of China is taking measures to cheapen the yuan to a limited extent. For example, China’s central bank instructed domestic banks to supervise carefully corporate clients who buy up foreign currencies thus hurting the yuan. Moreover, China’s economy often discourages the market with tepid reports that offers little incentive for investors to trade the yuan. https://www.instaforex.com
Views: 93 InstaForex
Do Yuan to Buy Some Renminbi?
 
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Made with http://biteable.com
Views: 618 Arthur Maia
End of Dollar Appreciation
 
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http://www.forexconspiracyreport.com/end-of-dollar-appreciation/ End of Dollar Appreciation By www.ForexConspiracyReport.com After a year of angst about the Fed raising interest rates and driving the dollar up we are now hearing the experts talk about the end of dollar appreciation. Bloomberg Business reports that UBS Group AG is telling its clients to prepare for dollar rally’s end this next year. Money managers for Asia’s wealthiest families say they’ll be looking elsewhere for returns after chasing the U.S. dollar’s gains in the past three years. UBS Group AG, the world’s largest private bank, is telling clients there’s “little room for further dollar appreciation,” said James Purcell, cross-asset strategist at its wealth management business in Hong Kong. Stephen Diggle, who runs a family office in Singapore called Vulpes Investment Management, said U.S. rate increases aren’t enough “to chase a strong dollar.” Stamford Management Pte, which oversees $250 million for Asia’s rich, will review its outlook for greenback gains after expected advances in the first quarter, said Jason Wang, its chief executive officer in the city. Strategists also predict the dollar’s gains will slow in coming months after the Federal Reserve committed to a gradual pace of tightening. The currency will appreciate about 5 percent to $1.05 per euro by the third quarter of 2016, according to a Bloomberg survey, after surging 10 percent this year. Its advance versus the Japanese currency will be limited to less than 4 percent to 125 yen, after gains slowed to about 0.6 percent in 2015, from more than 10 percent in each of the previous three years. Is this analysis correct? Are we going to see the end of dollar appreciation? The Fed expects to keep raising interest rates but at a measured pace. Why did the panic of higher rates go away? And, of course, the dollar trades individually against other currencies. The most important currencies against which the dollar trades are the Euro, British pound, Japanese yen, Indian rupee, Russian ruble, Brazilian real, Canadian dollar, Australian dollar and Chinese renminbi. The most unstable relationship for the coming year is probably the USD/RNB. Whither Goes China and the USD/RNB? The Econo-Monitor writes about hot money outflows, the USD and the RNB. As China’s renminbi has been included in the IMF elite currencies and the Fed has started its rate hikes, conventional wisdom sees the RMB weakening and the US dollar strengthening as simple long-term trends. The realities are far more complex, however. In reality, the U.S. dollar’s strengthening relative to the Chinese RMB began around 2013/14; almost two years before joining the IMF basket and the Fed’s rate hikes. Today, U.S. tightening will escalate “hot money” outflows from many emerging markets, which may soon have to cope with asset shrinkages, deflation and depreciation. After the Fed’s rate hikes, the RMB’s weakening is anticipated to prevail over the next 12 months; in part, due to China’s slower 6.5% growth target for 2016-20; in part, due to the “One Belt, One Road” initiatives, which imply more outward direct investment from China. In November, China’s foreign reserves declined by $87 billion, although the total still remains at $3.44 trillion. The point being that from the viewpoint of the USD/RNB we are not going to end the dollar appreciation in the near future. The EU and the Euro The European Union understood too late the need to stimulate its economies and not insist on fiscal austerity to fix the effects of the Great Recession. Now, as the USA is increasing rates the EU is still looking to keep them low and keep printing money. ExchangeRates.org of the UK predicts a fairly stable euro to dollar exchange rate in 2016 with perhaps a slight appreciation of the EUR and the end of dollar appreciation on the scale that we have seen for the last couple of years. In accordance with CIBC World Markets, the Euro to US Dollar exchange rate is predicted to trend within a range of 1.07 to 1.13 in 2016. CIBC also predicts that the pound to dollar conversion will trend within the range of 1.50 to 1.61 during 2016. Analysts at ETF Securities forecast that the US Dollar will strengthen over the course of 2016 but that gains will be slower as rising inflationary pressure will see real interest rate differentials narrow. After a twenty-five percent run up versus a basket of currencies in the last few years it is unlikely that the USD will continue on that course. Rather the USD will likely level off with perhaps an occasional inching up when the Fed decides to raise interest rates. https://youtu.be/SvAcwZ3gRqw
Views: 236 ForexConspiracy
Russia, India and China prepare a strike against dollar
 
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Delivering annual address to the Federal Assembly, the Russian President Vladimir Putin pointed out that ‘Russia has never looked for enemies, it needs friends’. Speaking about active Eastern policy of Russia, Vladimir Putin noted that Russia’s refocusing on cooperation with Asia instead of Europe was driven by ‘long-term national interests’ and global development. The President also highlighted importance of development of relations with China, Japan and India. For Russia, cooperation with two largest developing countries, which are members of the BRICS and the G20, has not only political but also economic significance. India and China are among leaders in the rate of economic growth not only in Asia but in the whole world. According to the IMF forecast, growth of the Chinese GDP this year will make up 6.5% and in India it will be more than 7%. The Russian oil companies have significantly extended export to China, and payments are carried out in roubles or yuan. And in 5 or 7 years Russia, China and India will completely reject dollars and euros and take to payments in national currencies. Thus, closer cooperation of these BRICS countries may strike the US dollar in the long term. Check more of our videos on our video channel http://www.youtube.com/user/PravdaTV Go to Pravda.Ru website to read articles that you can not read in Western publications http://english.pravda.ru/
Views: 5490 Pravda Report
China Aims for a Weaker Currency
 
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http://www.forexconspiracyreport.com/china-aims-for-a-weaker-currency/ China Aims for a Weaker Currency By www.ForexConspiracyReport.com China’s economy is slowing and the wealthy in that nation have been expecting a weaker currency for a few years. Thus they have been moving money offshore to the consternation of the central government. We asked 6 months ago if it is time to panic about the Chinese Yuan. Is it time to panic about the Chinese Yuan? How badly will capital outflow hurt the Chinese economy and how far down will it drive the Yuan? Yuan trading onshore in China is not available to Westerners but offshore is and is available in several markets worldwide. Where is the CNY going in the short term and where is it going in the long term? It appears certain that the Yuan will decrease in value versus the USD and certainly the YEN but it will probably not be a steady decrease. Although China does not want a lot of capital to leave the country they also need a weaker currency to help strengthen exports. The problem with ever weaker currencies is the risk of a currency war. Last year we wrote about a potential Forex race to the bottom. The recent Chinese currency devaluation is simply the most recent episode in the international Forex race to the bottom. It is all about economic stimulus and gaining and maintaining economic strength by making your exports cheaper and more competitive in the rest of the world. And the Chinese are not alone in doing this. The Euro Zone is also pushing its currency lower with a 1.1 trillion Euro stimulus program. Like the Chinese devaluation and stimulus programs the Euro stimulus is meant to create jobs and to make European exports more competitive. And meanwhile up goes the U.S. dollar. The U.S. economy is not as strong as many would wish but it is doing better than the EU and is growing while China’s is slowing. No matter what China says about trying to stem the flow of capital out of the country they are more worried about loss of foreign markets and will likely continue to let their currency slide. With that thought in mind take a look at what Bloomberg says about China’s Central Bank ending its war with the bears. For traders betting on a weaker yuan, the People’s Bank of China is turning from foe to friend. Six months after the monetary authority intervened to crush short sellers, Bank of America Merrill Lynch, Pacific Investment Management Co. and Societe Generale SA say the PBOC is more likely to guide the currency lower than to prop it up. Despite official pledges of exchange-rate stability last weekend, bears argue that China’s leaders are growing more comfortable with yuan weaknesses after a 3.3 percent slump since March failed to spark a repeat of January’s market turmoil. The upshot could be a gradual yuan depreciation versus the dollar over the coming months, a move that would give China’s export sector a much-needed boost. It would appear that we are not the only ones who expect the People’s Bank of China to allow the Yuan to drift lower in search of relief for a faltering economy. https://youtu.be/V0iEaDfDbbQ
Views: 52 ForexConspiracy
South Korea, China extend currency swap deal
 
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한-중 통화스와프 만기 연장 합의 Korea and China have agreed to extend their currency swap deal... that's set to expire next year. This is expected to not only help Korea get better prepared for possible future financial crises... but it's being seen as yet another bilateral move that could also help strengthen its relationship with China. Our Kim Jung Soo has the details. Korea and China agreed on Monday to extend their 2011 currency swap deal that's scheduled to end in October 2017. The current value of the swap deal, which sits at 60 billion dollars, is also subject to a possible expansion. The agreement was finalized by Finance Minister Yoo Il-ho and People's Bank of China Governor Zhou Xiaochuan on the sidelines of the Inter-American Development Bank meeting in the Bahamas. The currency swap deal between the two nations first began in 2009 and was previously extended in 2011. Under the deal, when Korea depletes its foreign exchange reserves, which currently sits at 365 billion U.S. dollars... it can sell a specified quantity of Korean Won to China's central bank. In return, Korea can receive an equal amount of Chinese Renminbi at the prevailing market exchange rate. Later, at a designated time, the payments are returned according to a fixed exchange rate. Experts say these swaps can help strengthen trade relations between the two countries. "Although the value of the swap agreement only amounts to a sixth of Korea's total foreign reserves, I think it is best to understand the extension as a symbol of the strong economic and political alliance between the two nations." The extension of the swap deal is also expected help Korea insure itself against an increasingly unstable global financial market, which faces possible hikes in the value of the U.S. dollar and the Japanese Yen. Kim Jung-Soo, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 1442 ARIRANG NEWS
Kenyan bank avails Chinese yuan to boost China-Kenya trade
 
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Kenya's CFC Stanbic Bank on Wednesday became the first bank in the country to avail the Chinese currency, yuan, at its branches to facilitate trade between China and Kenya. The trading facility aims to reduce financial intermediaries in the foreign currency trading. CFC Stanbic is a member of the Standard Bank Group which is 20 percent owned by the Industrial and Commercial Bank of China (ICBC).
Views: 282 New China TV
Devaluation of Chinese Yuan Explained
 
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I have reduced the number of uploads on YouTube folks. Please check my Facebook Page: https://www.facebook.com/vipinmks I repeat, follow me on Facebook :)
Views: 7786 Professor Vipin