CNY (RMB) 02 (Feb 16 - Dec 25)

[behappyalways]

憧憬儲局12月加息　美滙指數升破99
人幣捱沽　料下試6.82
http://hk.apple.nextmedia.com/financees ... 6/19812416

[winston]

Weaker Yuan ?

DBS Hong Kong expects the yuan to depreciate about 4 percent in 2016 and hover between 6.77 and 6.8 to the US dollar by year-end.

Compared to 6.015 reached in early 2014, the value of the mainland currency has fallen 11.5 percent against the greenback in nearly three years.

DBS said a weaker yuan may not necessarily lead to capital outflows.

As yuan has become the fifth biggest payment currency in the world, more transactions in the unit would slow down depreciation.

But, some big clients have started selling yuan mutual funds and bonds, switching to the US dollar and Hong Kong dollar. Before Golden Week, there was abundant inflow into Hong Kong.

Source: Dr Check, The Standard

[behappyalways]

內地封殺走資　銀聯禁碌卡買投資性壽險
港保險業恐裁5,000人
http://hk.apple.nextmedia.com/financees ... 1477828054

[winston]

US$20b seen spent on yuan

by Daisy Wu

New York-based Exante Data estimated that China's central bank sold US$20 billion (HK$156 billion) worth of foreign assets last week to stabilize the yuan, which earlier fell to a six-year low against the US dollar.

Exante Data founder Jens Nordvig, who was the former head of currency strategy and fixed income research for Nomura Securities, believed China's foreign reserves fell about US$80 billion in October, more than four times that in September.

The reserves stood at US$3.17 trillion as at September 30.

Meanwhile, Merrill Lynch projected China's capital outflows in the third quarter jumped 14 percent from last quarter to US$113 billion.

It expects the yuan to weaken to 7.25 per US dollar by the end of 2017 after weakening a 4 percent from year to date.

Source: The Standard

[iam802]

I think this is BIG.

This is the beginning and the weakening of the USD

--
Zimbabwe to make Chinese yuan legal currency after Beijing cancels debts

https://www.theguardian.com/world/2015/ ... cels-debts

[behappyalways]

Yuan Drops to Record Versus Peers Amid Bets PBOC Helping Exports
http://www.bloomberg.com/news/articles/ ... owing-drop

[behappyalways]

投資導航：內地走資炒起Bitcoin
一年勁升150%　銀聯落閘後更旺
http://hk.apple.nextmedia.com/financees ... 6/19824053

[behappyalways]

Yuan Heads Toward Six-Year Low as Capital Outflows Spur Weakness
http://www.bloomberg.com/news/articles/ ... l-weakness

[behappyalways]

Trump's Rhetoric, Strong Dollar Blamed as Yuan's Value Slides
http://english.caixin.com/2016-11-11/101006752.html

[behappyalways]

人行未出手力撐　滙價失守6.85
在岸人幣跌穿海嘯價
http://hk.apple.nextmedia.com/financees ... 5/19834046