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Tag: USD/CNY

China Suffers Worst Capital Flight In Years, But Could It Pump Bitcoin? – CryptoInfoNet

Bitcoin (BTC) could see “substantial inflows” from China within the next few months amid a weakening Chinese yuan and one of the country’s biggest...

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China’s CNY Falls Beyond 7.3

USD/CNY, Oct 2022

China's yuan has fallen to its lowest level since 2008 amid an economic slowdown, a capital flight, and a stock markets as well as a property crash.

Risk aversion remains strong

Asian markets ended mostly lower on Wednesday as...

US dollar remains firm but choppy

Dollar in choppy waters The US dollar held onto...

Risk-aversion lifts US dollar in Asia

China concerns boost the US dollar The US dollar...

US dollar holds onto overnight gains

The US dollar remained well-bid overnight, with losses versus the euro offset by gains versus Asian and Commonwealth currencies. The rise in US yields, and haven flows, continue to be supportive of the greenback, as do commodity prices, most of which are priced in US dollars. That left the dollar index trading sideways, easing 0.16% […]

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