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Renminbi Series

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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

Chinese yuan erases previous gain against U.S. dollar, bias remains slightly bullish

Jan 15, 2020 04:10 am UTC| Technicals

USD/CNY is currently trading around 6.8954 marks. It made intraday high at 6.8978 and low at 6.8835 levels. Intraday bias remains bullish till the time pair holds key support at 6.8835 mark. A sustained...

Renminbi Series

Chinese yuan strengthens on robust trade balance data, hits highest level since July 2019

Jan 14, 2020 04:45 am UTC| Technicals

USD/CNY is currently trading around 6.8729 marks. It made intraday high at 6.8937 and low at 6.8658 levels. Intraday bias remains bearish for the moment. A sustained close above 6.8923 marks will test key...

Renminbi Series

Chinese yuan rises gradually against U.S. dollar, stay short

Jan 10, 2020 05:56 am UTC| Technicals Commentary

USD/CNY is currently trading around 6.9286 marks. It made intraday high at 6.9492 and low at 6.9274 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.9540 mark. A...

Renminbi Series

Chinese yuan likely to advance moderately over coming weeks, says Scotiabank

Jan 06, 2020 06:18 am UTC| Commentary Economy

The Chinese yuan is expected to advance moderately in the coming weeks, catching up with recent gains in regional peers such as the KRW and TWD, according to the latest research report from Scotiabank. The Peoples Bank...

Renminbi Series

FxWirePro: Chinese yuan falls in early Asia despite robust retail sales, industrial production data

Dec 16, 2019 03:43 am UTC| Technicals

USD/CNY is currently trading around 6.9955 marks. It made intraday high at 7.0045 and low at 6.9598 levels. Intraday bias remains bullish till the time pair holds key support at 6.9810 mark. A sustained...

Renminbi Series

Yuan’s share in global payments rises again in August

Oct 01, 2018 12:15 pm UTC| Commentary

After steadily losing its attraction since 2015, the Chinese yuan seems to be recovering in terms of its share in the global payment system, according to a report by Swift payment system. As an effect of economic...

Renminbi Series

Renminbi Series: Yuan’s share in global payments rises to highest in 36 months

Sep 13, 2018 12:48 pm UTC| Commentary

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Economy

European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground

European car sales recorded strong growth in April 2026, driven by rising demand for electric and hybrid vehicles across the region. According to the latest data released by the European Automobile Manufacturers...

European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions

European stock markets opened higher on Wednesday as investors balanced ongoing uncertainty surrounding U.S.-Iran peace negotiations with growing optimism over artificial intelligence-driven market momentum. The positive...

UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026

UK grocery inflation slowed to 3.1% in the four weeks ending May 17, 2026, marking the lowest increase in supermarket prices since December 2024, according to new data released by Worldpanel by Numerator. The latest report...

Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally

Japans Nikkei share average surged to a fresh record high on Wednesday, driven by strong gains in chip-related stocks as investor enthusiasm around artificial intelligence continued to fuel global technology markets. The...

RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026

New Zealands central bank kept interest rates unchanged on Wednesday but warned that further monetary tightening may be necessary later this year as rising global tensions increase inflation risks and slow economic...

Politics

Baltic Drone Incursions Raise NATO Security Concerns Amid Russia-Ukraine Tensions

Recent Ukrainian drone incursions into Baltic airspace have heightened security concerns across Eastern Europe, increasing tensions between NATO members and Russia. The incidents come as Ukraine intensifies long-range...

Trump Administration Weighs Halting International Flights at Sanctuary City Airports

U.S. Homeland Security Secretary Markwayne Mullin said the Trump administration is considering plans to suspend customs and immigration processing for international travelers and cargo flights arriving at airports located...

Israel Says It Killed New Hamas Military Chief in Gaza Strike

Israel announced on Wednesday that it had killed Mohammad Odeh, the newly appointed head of Hamass armed wing in Gaza, as military operations intensified across Gaza, Lebanon, and the West Bank. The Israeli military said...

Biden Sues DOJ to Block Release of Audio From Classified Documents Probe

Former U.S. President Joe Biden has filed a lawsuit against the Department of Justice (DOJ) in an effort to stop the release of audio recordings and transcripts tied to Special Counsel Robert Hurs investigation into Bidens...

US Plans Kenya Ebola Quarantine Facility Amid Congo Outbreak

The Trump administration is preparing to deploy U.S. public health officers to Kenya as part of a proposed Ebola quarantine facility designed to support Americans exposed to the deadly virus during the ongoing outbreak in...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs

Xiaomi Corp (HK:1810) shares declined on Wednesday after the Chinese tech giant reported weaker-than-expected first-quarter earnings, pressured by rising component costs and intense competition in the smartphone market....

Samsung to Invest $1.5 Billion in Vietnam Semiconductor Testing Plant by 2027

Samsung Electronics is expanding its semiconductor operations in Southeast Asia with plans to invest nearly 39 trillion Vietnamese dong, or about $1.5 billion, in a new semiconductor testing facility in Vietnam. According...

Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence

Samsung Electronics workers have approved a new wage agreement, preventing a large-scale strike that could have disrupted global semiconductor supplies and impacted South Koreas economy. The deal was supported by nearly...

Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments

Elon Musk has reportedly discussed the possibility of combining Tesla and SpaceX, according to a CNBC report released Tuesday. The potential merger has become a major topic of discussion within both companies as they...

SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge

SK Hynix Inc. became the second South Korean company to surpass a $1 trillion market valuation on Wednesday, as booming artificial intelligence demand continued to drive investor confidence in global semiconductor stocks....