Top Section/Ad
Top Section/Ad
Most recent
Highly anticipated report did not mention future role of AT1 capital
Surprising alignment on stablecoins and strong support for tokenised assets, but details are sparse
Using AI to facilitate credit decisions poses regulatory problems
Investors should feel more confident when BNPL products are regulated like mainstream consumer credit
More articles/Ad
More articles/Ad
More articles
-
The renminbi could be set to fall another 6% before it finds a bottom, onshore China FX traders told GlobalRMB on Wednesday, after two days of the biggest devaluations in the currency for decades. The daily fix fell 1.86% on Tuesday and a further 1.62% on Wednesday, to 6.3306, but traders said that it could hit 6.70 before finding a bottom. -
A second day of weakening in the People's Bank of China (PBoC) fixing of the onshore renminbi (CNY) by 1.6% on August 12 saw analysts divided between seeing the new fixing system as a positive step for the reform agenda while also warning that sharp and rapid depreciation of the RMB did not bode well for the currency's global appeal.
-
Since adjusting its currency fixing process on Tuesday, the People's Bank of China (PBoC) has overseen the biggest two-day depreciation in the yuan in more than two decades. HSBC has described the CNY swap market sell-off as counterintuitive — and sees current elevated rate levels as an opportunity, writes Maia Ririnui of Total Derivatives.
-
There was widespread surprise among analysts on Tuesday at the People's Bank of China (PBoC) move not only to weaken the onshore RMB (CNY) fixing by nearly 2% overnight, but also introduce a new system to establish the daily central parity rate from August 11.
-
The People's Bank of China (PBoC) has changed its daily exchange rate fixing methodology to make it more related to market levels, in a move that analysts saw as helping the renminbi's case for inclusion in the International Monetary Fund's SDR basket.
-
The International Monetary Fund (IMF) should take into consideration renminbi transactions involving Hong Kong when assessing the currency's international usage, the Hong Kong Monetary Authority (HKMA) has told GlobalRMB. The current treatment excludes such flows, but even partial inclusion could tip the scales for the RMB's eligibility for the IMF's Special Drawing Rights (SDR).
