After Yuan experiencing deeper levels against USD, it continues to strengthen against the other currencies. In this case, the slowest growth seen since 1990 to put an end to the decline in exports and China's economy is becoming a predicament for policy makers who want to support that performs. Chinese Yuan achieved up to the strongest increase in three months against a trade-weighted with 0.6% increasement. Chinese Yuan fell its lowest level in six years with 0.8% decrease recently. On the other hand, Yuan is gaining value against Euro and South Korean Won with 0.7% increase on the market. In the past month that point to more than 10% decline of China's exports, expectations of the Yuan is getting negatively. The policy makers are providing rapid depreciation of the Yuan against the USD, are also uncertain about stopping large scale capital outflows.
- Date: 18 October 2016 Tue 13:30
- Last Added
French Presidential elections are affecting the positive atmosphere on Euro
French Presidential elections are affecting the positive atmosphere on Euro...
Inflation rate is testing record levels in Turkey
Inflation rate is testing record levels in Turkey...
Non-farm payrolls data of the USA increased
Non-farm payrolls data of the USA increased...
Fed's politics interest decision gives direction to the global markets
Fed's politics interest decision gives direction to the global markets...
Oil market is trying to find a direction
Oil market is trying to find a direction at the last times....