Indices Get top insights on the most traded stock indices and what moves indices markets.

• hdfc forex helpline number.
• correlation strategy forex;
• which is more profitable forex or binary options?
• Human test.

Cryptocurrencies Find out more about top cryptocurrencies to trade and how to get started. F: P: R: Fed Bostic Speech. Fed Williams Speech. Company Authors Contact. Long Short. Oil - US Crude. Wall Street. News Dow to Outperform vs. Dollar Advances More View more. Market News Hexun News : Chinese leading online media of financial news. Market Data Rates Live Chart. First Name: Please fill out this field. Please enter valid First Name. Last Name: Please fill out this field. Please enter valid Last Name.

China's tweaks to CFETS index basket could drive yuan higher | The Star

E-Mail: Please fill out this field. Please enter valid email. Please select a country. The changes could also affect the setting of the midpoint for the yuan's daily trading band. The daily fixing is based on the yuan's moves in the previous session and changes in currencies in the yuan baskets.

China CFETS introduces RMB Index; Yuan to currency basket

Guo Jiayi, chief currency analyst at CIB research, said the adjustment could boost the yuan's real effective exchange rate in the long-run. She said changes to currency weightings should not influence the yuan's overall trend, but lowering the greenback's weight could be a sign of continued "de-dollarisation". Some market participants noted that the heavier euro weighting followed an investment deal between China and the European Union that will give European companies greater access to Chinese markets.

The basket adjustment was largely in line with trade volume, traders said, ensuring China isn't disadvantaged on exchange rates versus its trading partners. China has adjusted the CFETS basket three times since it introduced the trade-weighted yuan exchange-rate index in December to better reflect external trade conditions.

China Foreign Exchange Trade System Names BMO Capital Markets Most Popular/Best Spot Market Maker

China lowered the dollar's weighting in the basket last year after boosting the number of currencies to 24 from Article type: metered. All material subject to strictly enforced copyright laws.

Foreign Exchange. By Paul Golden.

You have reached premium content. Please log in to continue reading.

Language Selector

Read beyond the headlines with Euromoney For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below. Subscribe today.