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Over the past decade, China has emerged as global superpower of economics and Geo-politics. Chinese currency Yuan has emerged as top contender to Challenge global dominance of Dollar. This year in Yuan might join International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket, strengthening Yuan’s position as global reserve currency. In this series, we discuss about China, its politics, economics, and vulnerabilities with a view of Renminbi.

Renminbi Series

China Crisis Series

China’s onshore/offshore interest rate spreads looking stretched

Jan 05, 2016 03:18 am UTC| Commentary Central Banks

Risk aversion gripped Chinese markets yesterday with the benchmark Shanghai Composite Index down by almost 7% (trading in Chinese stock markets was halted). Significant uncertainties on the Chinese economy remain as PMI...

Renminbi Series

China Crisis Series

Yuan offshore-onshore band widens

Jan 04, 2016 07:38 am UTC| Commentary

Offshore Yuan, which is largely traded in Hong Kong and not subjected to 2% daily limit from central parity set by Peoples Bank of China (PBoC) everyday, is leading the drop in Yuan today further widening the spread...

Renminbi Series

The spotlight is on Chinese data and the currency

Jan 03, 2016 23:23 pm UTC| Commentary

The markets attention will likely remain on the CNY, given that the Chinese authorities have signalled that they will allow the currency to fall more against the USD. The recent announcement of the launch of the CFETS CNY...

Renminbi Series

FxWirePro: CNY gradual depreciation is most likely event in H1 2016 upon commodity impact – stay hedged via 3M forwards

Dec 28, 2015 13:18 pm UTC| Technicals

Crude price recovery needs supply glut yet to rebalance: The commodity markets seem to be cautious on price recovery in both base metals and oil to recover through 2016. On the other hand, the underlying forces of the...

Renminbi Series

Caution suggested on CNH short positions into the year-end

Dec 24, 2015 10:10 am UTC| Insights & Views

Earlier this month, the Peoples Bank of China announced that it would begin to calculate and track the value of RMB versus a basket of currencies instead of just the US dollar. On 11 December, the PBoC posted an editorial...

Renminbi Series

USD/CNY likely to test 7.0 by end of 2016

Dec 22, 2015 10:27 am UTC| Commentary

China central bank PBoCs FX intervention cannot continue indefinetely. The GDP growth is widening , inflation and interest rate differentials also point out for a higher USD/CNY. RMBs inclusion into the IMF SDR basket...

Renminbi Series

Currency War Series

Risk of capital outflow persists in China on Fed rate hike

Dec 22, 2015 09:38 am UTC| Commentary Economy

Greater tolerance for CNY weakness against the USD is likely to support the ebbed capital outflows moving ahead. The outflows might have risen in November. These are evidenced by a notable decline in PBoC FX Reserves of...

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Economy

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

Gold and silver prices climbed on Friday, closing out an exceptionally volatile week in the precious metals market following a historic selloff. The turbulence was sparked by the nomination of former Federal Reserve...

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

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Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election

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Politics

U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms

The United States will make an initial payment toward the billions of dollars it owes the United Nations within weeks, according to comments made by U.S. Ambassador Mike Waltz in a recent interview with Reuters. The move...

Norway Opens Corruption Probe Into Former PM and Nobel Committee Chair Thorbjoern Jagland Over Epstein Links

Norways economic crime police unit, Økokrim, has opened an investigation into former prime minister and former Norwegian Nobel Committee chairman Thorbjoern Jagland on suspicion of aggravated corruption, authorities...

Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions

Iran and the United States are preparing for high-stakes nuclear negotiations in Oman on Friday, but deep disagreements over the agenda and escalating regional tensions suggest that meaningful progress will be difficult....

Trump Allegedly Sought Airport, Penn Station Renaming in Exchange for Hudson River Tunnel Funding

U.S. President Donald Trump reportedly offered to release frozen federal funding for the $16 billion Gateway Hudson River tunnel project in exchange for Democratic Senator Chuck Schumers support for renaming Washington...

TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans

U.S. President Donald Trump has launched a new website called TrumpRx, aimed at helping Americans lower their prescription drug costs by offering discounted prices for those who prefer to pay cash instead of using health...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....
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