China fixes its daily yuan midpoint at 7.0268 — weaker than expected

China’s official midpoint reference for the yuan was set at 7.0268 per the U.S. dollar on Thursday — stronger than Wednesday’s fixing, but it was weaker than what analysts had forecast. It was the sixth consecutive session where the People’s Bank of China (PBOC) fixed the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar mark. The onshore yuan last traded at 7.0250. The PBOC lets the currency’s spot rate trade with a range of 2% above or below the day’s official mid


China’s official midpoint reference for the yuan was set at 7.0268 per the U.S. dollar on Thursday — stronger than Wednesday’s fixing, but it was weaker than what analysts had forecast. It was the sixth consecutive session where the People’s Bank of China (PBOC) fixed the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar mark. The onshore yuan last traded at 7.0250. The PBOC lets the currency’s spot rate trade with a range of 2% above or below the day’s official mid
China fixes its daily yuan midpoint at 7.0268 — weaker than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: weizhen tan
Keywords: news, cnbc, companies, daily, expected, midpoint, weaker, traded, offshore, china, yuan, 70268, chinese, dollar, bank, onshore, fixes


China fixes its daily yuan midpoint at 7.0268 — weaker than expected

A Chinese bank employee counts 100-yuan notes and US dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019.

China’s official midpoint reference for the yuan was set at 7.0268 per the U.S. dollar on Thursday — stronger than Wednesday’s fixing, but it was weaker than what analysts had forecast.

Analysts were predicting the midpoint to be set at 7.0236 per dollar, according to Reuters estimates.

It was the sixth consecutive session where the People’s Bank of China (PBOC) fixed the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar mark.

The onshore yuan last traded at 7.0250. On Thursday morning around 9.24 a.m. HK/SIN, the offshore yuan traded at 7.0518 against the dollar, weakening again after the yuan rebounded overnight on Tuesday — with U.S. President Donald Trump backing off on China tariffs.

The yuan depreciated past 7 per dollar last week for the first time since the global financial crisis of 2008, which prompted the U.S. Treasury Department to designate China as a currency manipulator.

Trump has repeatedly complained that a cheaper yuan will give China a trade advantage as it makes Chinese exports more attractive in international markets.

The PBOC lets the currency’s spot rate trade with a range of 2% above or below the day’s official midpoint fix and this is known as the onshore yuan. The less restrictive exchange rate used outside mainland China is known as the offshore yuan.

Investors usually look at the difference between the onshore and offshore exchange rates to determine if the Chinese central bank is manipulating the yuan.


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: weizhen tan
Keywords: news, cnbc, companies, daily, expected, midpoint, weaker, traded, offshore, china, yuan, 70268, chinese, dollar, bank, onshore, fixes


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China fixes its daily yuan midpoint at 7.0312 — stronger than expected

China’s central bank set the official midpoint reference for the yuan at 7.0312 per dollar on Wednesday — stronger than Tuesday’s fixing, and stronger than what analysts had predicted. The onshore yuan last traded at 7.0558 in Tuesday’s session, and on Wednesday morning around 10.00 a.m. HK/SIN was at 7.0236. The offshore yuan traded at 7.0397 against the dollar, slightly weaker than Tuesday’s close but stronger than the end of last week, when it hovered around the 7.09 level. The PBOC lets the


China’s central bank set the official midpoint reference for the yuan at 7.0312 per dollar on Wednesday — stronger than Tuesday’s fixing, and stronger than what analysts had predicted. The onshore yuan last traded at 7.0558 in Tuesday’s session, and on Wednesday morning around 10.00 a.m. HK/SIN was at 7.0236. The offshore yuan traded at 7.0397 against the dollar, slightly weaker than Tuesday’s close but stronger than the end of last week, when it hovered around the 7.09 level. The PBOC lets the
China fixes its daily yuan midpoint at 7.0312 — stronger than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: weizhen tan huileng tan, weizhen tan, huileng tan
Keywords: news, cnbc, companies, yuan, offshore, dollar, bank, fixes, stronger, expected, daily, weaker, china, 70312, tuesdays, midpoint, onshore


China fixes its daily yuan midpoint at 7.0312 — stronger than expected

China’s central bank set the official midpoint reference for the yuan at 7.0312 per dollar on Wednesday — stronger than Tuesday’s fixing, and stronger than what analysts had predicted.

It was, still, the fifth consecutive session where the People’s Bank of China (PBOC) fixed the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar mark.

Analysts were predicting the midpoint to be set at 7.0502 per dollar, according to Reuters estimates. The onshore yuan last traded at 7.0558 in Tuesday’s session, and on Wednesday morning around 10.00 a.m. HK/SIN was at 7.0236. The offshore yuan traded at 7.0397 against the dollar, slightly weaker than Tuesday’s close but stronger than the end of last week, when it hovered around the 7.09 level.

The yuan depreciated past 7 per dollar last week for the first time since the global financial crisis of 2008, which prompted the U.S. Treasury Department to designate China as a currency manipulator.

A weaker currency makes a country’s exports more attractive in international markets and U.S. President Donald Trump has complained that a cheaper yuan will give China a trade advantage.

The PBOC lets the currency’s spot rate trade with a range of 2% above or below the day’s official midpoint fix and this is known as the onshore yuan. The less restrictive exchange rate used outside mainland China is known as the offshore yuan.

Investors usually look at the difference between the onshore and offshore exchange rates to determine if the Chinese central bank is manipulating the yuan.

According to David Dollar, a Brookings Institution senior fellow, China is not manipulating its currency.

“Given the tariffs that the U.S. has imposed on China, it’s natural for the Chinese currency to depreciate. Most emerging market currencies are depreciating against the dollar if you look at the last half year or so,” he told CNBC on Wednesday.

Due to slowing growth and investment in China, the yuan could even continue to gradually weaken up to 7.2 against the dollar, said Max Lin, emerging markets Asia strategist at NatWest Markets.

Despite that, the possibility of investors moving their money out of China due to the weakening yuan is limited, he said.

“I don’t expect any capital flight concerns to actually occur, just because I think any kind of weakness from here on out would be very gradual. If there are signs of panic dollar buying onshore, I think at that point, the central bank of China would definitely step in to stabilize the yuan,” he told CNBC on “Squawk Box.”

— CNBC’s Saheli Roy Choudhury contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: weizhen tan huileng tan, weizhen tan, huileng tan
Keywords: news, cnbc, companies, yuan, offshore, dollar, bank, fixes, stronger, expected, daily, weaker, china, 70312, tuesdays, midpoint, onshore


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

One California police officer killed, two injured in Riverside gun battle

China fixes its yuan midpoint at 7.0326 per dollar, stronger than…Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates. China Economyread more


China fixes its yuan midpoint at 7.0326 per dollar, stronger than…Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates. China Economyread more
One California police officer killed, two injured in Riverside gun battle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: joanna tan
Keywords: news, cnbc, companies, mondays, riverside, yuan, midpoint, dollar, set, officer, injured, gun, killed, traded, thananalysts, stronger, session, predicting, battle, california


One California police officer killed, two injured in Riverside gun battle

China fixes its yuan midpoint at 7.0326 per dollar, stronger than…

Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates.

China Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: joanna tan
Keywords: news, cnbc, companies, mondays, riverside, yuan, midpoint, dollar, set, officer, injured, gun, killed, traded, thananalysts, stronger, session, predicting, battle, california


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 for three consecutive sessions

The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than Friday’s session, but stronger than what market watchers predicted. This is the third consecutive session where the central bank set the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar level. A weaker currency makes a country’s exports cheaper and the Trump administration has consistently complained that a cheaper yuan will give China a trade ad


The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than Friday’s session, but stronger than what market watchers predicted. This is the third consecutive session where the central bank set the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar level. A weaker currency makes a country’s exports cheaper and the Trump administration has consistently complained that a cheaper yuan will give China a trade ad
China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 for three consecutive sessions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, china, currency, trade, weaker, session, set, midpoint, rate, yuan, consecutive, dollar, sessions, 70211, fixes


China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 for three consecutive sessions

The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than Friday’s session, but stronger than what market watchers predicted.

This is the third consecutive session where the central bank set the midpoint at a level weaker than the psychologically important 7-yuan-per-dollar level.

Analysts were expecting the PBOC to set the midpoint at 7.0331 per dollar, according to Reuters estimates.

Investors have been monitoring the dollar/yuan exchange rate closely following an escalation in trade tensions between Beijing and Washington.

The yuan depreciated past 7 per dollar on Monday last week for the first time since the global financial crisis in 2008, which prompted the U.S. Treasury Department to designate China as a currency manipulator. A weaker currency makes a country’s exports cheaper and the Trump administration has consistently complained that a cheaper yuan will give China a trade advantage.

The PBOC allows the local currency to fluctuate against the greenback within a narrow band of 2% from each day’s midpoint. This is known as the onshore yuan, whereas the less restrictive exchange rate used outside mainland China is known as the offshore yuan.

Onshore yuan was near flat at 7.0613 per dollar while the offshore yuan traded around 7.0887 on Monday at 11.24 a.m. HK/SIN.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, china, currency, trade, weaker, session, set, midpoint, rate, yuan, consecutive, dollar, sessions, 70211, fixes


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China fixes its yuan midpoint at 7.0136 per dollar, setting it weaker than 7 for the second time this week

It was the second time this week that the People’s Bank of China set the daily benchmark at a weaker level than the psychologically important 7-yuan-per-dollar. That followed Thursday’s midpoint rate of 7.0039 yuan per dollar. Analysts were expecting China to set the midpoint at 7.0222 per dollar on Friday, according to Reuters estimates. Onshore yuan traded at 7.0487 per dollar while the offshore yuan traded at 7.0725 at 2:42 p.m. HK/SIN Friday. But I wouldn’t expect too weak a yuan going forwa


It was the second time this week that the People’s Bank of China set the daily benchmark at a weaker level than the psychologically important 7-yuan-per-dollar. That followed Thursday’s midpoint rate of 7.0039 yuan per dollar. Analysts were expecting China to set the midpoint at 7.0222 per dollar on Friday, according to Reuters estimates. Onshore yuan traded at 7.0487 per dollar while the offshore yuan traded at 7.0725 at 2:42 p.m. HK/SIN Friday. But I wouldn’t expect too weak a yuan going forwa
China fixes its yuan midpoint at 7.0136 per dollar, setting it weaker than 7 for the second time this week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, 70136, traded, china, level, set, kumada, yuan, midpoint, dollar, going, bank, fixes, weaker, second, week, setting


China fixes its yuan midpoint at 7.0136 per dollar, setting it weaker than 7 for the second time this week

China’s central bank on Friday set the official midpoint reference for the yuan at 7.0136 per dollar — the weakest level since April 3, 2008 but stronger than what analysts were expecting.

It was the second time this week that the People’s Bank of China set the daily benchmark at a weaker level than the psychologically important 7-yuan-per-dollar.

That followed Thursday’s midpoint rate of 7.0039 yuan per dollar. Analysts were expecting China to set the midpoint at 7.0222 per dollar on Friday, according to Reuters estimates.

Onshore yuan traded at 7.0487 per dollar while the offshore yuan traded at 7.0725 at 2:42 p.m. HK/SIN Friday.

“The pressure on the yuan will be, if anything, on the downside as long as we have uncertainties surrounding the broader outlook in trade and some other issues,” ” Mikio Kumada, executive director and global strategist at LGT Capital Partners, told CNBC’s “Street Signs ” on Friday. “And also because the direction that the Chinese domestic economy is going is one that requires more stimulus and easing.”

“That’s not something that fundamentally strengthens a currency,” he said.

The PBOC will “manage to keep (the yuan) broadly stable — probably for a while, it will keep a 7 handle and slightly north to 8. But I wouldn’t expect too weak a yuan going forward either,” Kumada added.


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, 70136, traded, china, level, set, kumada, yuan, midpoint, dollar, going, bank, fixes, weaker, second, week, setting


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China sets its yuan midpoint at stronger than 7 per dollar

That important line is at seven yuan per dollar. In Monday’s Asian afternoon trading hours, the onshore currency changed hands at 7.0304 against the dollar, while the offshore yuan traded at 7.0807 against the greenback. On Tuesday morning, the People’s Bank of China set the yuan fixing at 6.9683. Given the 2% permitted trading band for the yuan, that means the spot rate for the currency against the dollar could rise to 7.1, according to Carnell. Markets around the world are closely watching the


That important line is at seven yuan per dollar. In Monday’s Asian afternoon trading hours, the onshore currency changed hands at 7.0304 against the dollar, while the offshore yuan traded at 7.0807 against the greenback. On Tuesday morning, the People’s Bank of China set the yuan fixing at 6.9683. Given the 2% permitted trading band for the yuan, that means the spot rate for the currency against the dollar could rise to 7.1, according to Carnell. Markets around the world are closely watching the
China sets its yuan midpoint at stronger than 7 per dollar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: everett rosenfeld
Keywords: news, cnbc, companies, yuans, according, morning, level, dollar, china, yuan, currency, bank, stronger, sets, trading, midpoint


China sets its yuan midpoint at stronger than 7 per dollar

After China’s currency weakened beyond a closely watched level on Monday, the country’s central bank set the yuan’s official reference point at stronger than that point on Tuesday.

That important line is at seven yuan per dollar. In Monday’s Asian afternoon trading hours, the onshore currency changed hands at 7.0304 against the dollar, while the offshore yuan traded at 7.0807 against the greenback.

On Tuesday morning, the People’s Bank of China set the yuan fixing at 6.9683. That was stronger than the 6.9736 that had been expected, according to a Reuters estimate.

Still, it was weaker than the 6.9225 parity level from Monday morning — and it’s the weakest since May 20, 2008, according to Reuters.

“Today’s fix at USDCNY 6.9683 comes close to the estimates published each day by some of those attempting to mirror how the PBoC sets its mid-point relative to its trading partners. But it is nonetheless quite a big move and about double the increase seen yesterday,” Robert Carnell, ING’s chief economist head of research for Asia Pacific, said in a morning note.

Given the 2% permitted trading band for the yuan, that means the spot rate for the currency against the dollar could rise to 7.1, according to Carnell.

“But the moves so far don’t look anything like this big, and it seems that some market participants were expecting the fix today to be even higher, so the actual result is ‘less unsupportive’ than some had imagined,” he added.

Markets around the world are closely watching the yuan’s position against the 7-per-dollar level after the U.S. declared China a currency manipulator on Monday.

Monday’s sharp weakening in the Chinese currency came after U.S. President Donald Trump unexpectedly announced fresh tariffs on Beijing last week, and so the yuan move was widely deemed a response from the Chinese side.

“I think this is clearly a retaliation that in the past China has refrained from doing,” Claudio Piron, co-head of Asia rates and foreign exchange strategy at Bank of America Merrill Lynch Global Research, told CNBC’s on Monday.

The next step after issuing the “manipulator” designation is for the U.S. to make its case to the International Monetary Fund, but that’s not likely to lead to formal penalties. The label is mostly symbolic and matters more as a slight to one of the United States’ biggest creditors and as an escalation in the ongoing Washington-Beijing trade war.

—Reuters and CNBC’s Thomas Franck and Eustance Huang contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: everett rosenfeld
Keywords: news, cnbc, companies, yuans, according, morning, level, dollar, china, yuan, currency, bank, stronger, sets, trading, midpoint


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Asia markets: Brexit deal, pound and China economic data in focus

Asia Pacific markets traded mixed on Thursday after data showed growth in China’s industrial output fell. Overnight, British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place. The Nikkei 225 in Japan gave up its gains to finish flat at 21,287.02 while the Topix index fell 0.24 percent to 1,588.29. Data on Thursday showed China’s industrial output growth fell to a 17-year low in the first two months of the year, according to Reuters. The on-shore yuan traded


Asia Pacific markets traded mixed on Thursday after data showed growth in China’s industrial output fell. Overnight, British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place. The Nikkei 225 in Japan gave up its gains to finish flat at 21,287.02 while the Topix index fell 0.24 percent to 1,588.29. Data on Thursday showed China’s industrial output growth fell to a 17-year low in the first two months of the year, according to Reuters. The on-shore yuan traded
Asia markets: Brexit deal, pound and China economic data in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saheli roy choudhury, toshifumi kitamura, afp, getty images
Keywords: news, cnbc, companies, markets, fell, economic, china, asia, showed, midpoint, data, growth, brexit, focus, deal, traded, pound, output, industrial, chinas, index, yuan


Asia markets: Brexit deal, pound and China economic data in focus

Asia Pacific markets traded mixed on Thursday after data showed growth in China’s industrial output fell. Overnight, British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place.

The Nikkei 225 in Japan gave up its gains to finish flat at 21,287.02 while the Topix index fell 0.24 percent to 1,588.29.

In South Korea, the Kospi wavered between gains and losses to close up 0.34 percent at 2,155.68. Hong Kong’s Hang Seng Index was down 0.22 percent in afternoon trade.

Chinese mainland shares withdrew as the Shanghai composite fell 1.2 percent to 2,990.68 while the Shenzhen composite tumbled 2.311 percent.

Data on Thursday showed China’s industrial output growth fell to a 17-year low in the first two months of the year, according to Reuters. That further pointed to an economic slowdown in the world’s second-largest economy. But investments picked up pace as the government fast-tracked more road and rail projects, the news agency added.

Beijing has already pledged hundreds of billions of dollars in tax cuts and infrastructure spending to support the flagging economy.

The on-shore yuan traded at 6.7134 to the dollar at 2:44 p.m. HK/SIN after the People’s Bank of China set the day’s yuan midpoint at 6.7009. China’s central bank allows the currency exchange rate to rise or fall 2 percent from the midpoint rate.

Australia’s benchmark ASX 200 closed up 0.3 percent at 6,179.60.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saheli roy choudhury, toshifumi kitamura, afp, getty images
Keywords: news, cnbc, companies, markets, fell, economic, china, asia, showed, midpoint, data, growth, brexit, focus, deal, traded, pound, output, industrial, chinas, index, yuan


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Malcom Gladwell says this ‘crucial’ decision boosted his productivity

It’s possible your most important hours aren’t going toward your most important projects. The best-selling author found he was spending his most productive hours — the morning hours — on tasks that weren’t his top priority. For Gladwell, the first three hours of the day are the most important and, as a result, the most productive. “I don’t really answer much email in the morning unless it’s crucial,” he adds. For example, performing analytic tasks is easier for larks in the morning, but easier f


It’s possible your most important hours aren’t going toward your most important projects. The best-selling author found he was spending his most productive hours — the morning hours — on tasks that weren’t his top priority. For Gladwell, the first three hours of the day are the most important and, as a result, the most productive. “I don’t really answer much email in the morning unless it’s crucial,” he adds. For example, performing analytic tasks is easier for larks in the morning, but easier f
Malcom Gladwell says this ‘crucial’ decision boosted his productivity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-24  Authors: zameena mejia, bryan bedder, getty images
Keywords: news, cnbc, companies, day, evening, decision, important, midpoint, crucial, tasks, mood, boosted, youre, gladwell, malcom, productivity, hours, morning, dont


Malcom Gladwell says this 'crucial' decision boosted his productivity

It’s possible your most important hours aren’t going toward your most important projects. That was the realization for Malcolm Gladwell. The best-selling author found he was spending his most productive hours — the morning hours — on tasks that weren’t his top priority. As a result, he avoids all distractions — even if they’re good for him (like exercise) or important (like email) — until the afternoon and evening. According to experts, timing your projects to how you work best can lead you to success.

“I shouldn’t squander my most productive hours on other activities, so I don’t schedule anything in the morning, I don’t meet people in the morning, I don’t exercise in the morning,” he tells media mogul and Thrive Global CEO Arianna Huffington in a recent Thrive Global podcast episode.

For Gladwell, the first three hours of the day are the most important and, as a result, the most productive. “I don’t really answer much email in the morning unless it’s crucial,” he adds. “My phone becomes a part of my life in the afternoons.”

Management and behavioral science expert Daniel Pink agrees. “All times of day are not created equal.”

In a single day we go through three stages, Pink explains. For most people, a typical day looks like this:

Morning: Peak, our mood rises.

Peak, our mood rises. Mid-afternoon: Trough, our mood declines.

Trough, our mood declines. Early evening: Recovery, our mood bounces back.

However, some people experience their day with the stages in reverse: recovery, trough and peak. Your performance, as Pink explains in a previous interview with CNBC Make It, “varies considerably over the course of the day, and what task to do at a certain time really depends on the nature of the task.”

The order in which you experience these stages depends on your chronotype, or your personal pattern of circadian rhythms. Understanding whether you are a morning person (a “lark”), an evening person (an “owl”), or something in between (a “third bird”), is the secret to becoming a high performer, says Pink.

Determining which applies to you rests in your sleep patterns. To know for sure, figure out where the midpoint of your sleep cycle falls on ‘free days’ or days when you don’t have to wake up to an alarm clock. This will most likely be on your days off or during the weekend.

If your midpoint falls at 3:30 a.m. or earlier, you’re probably a lark. If your midpoint of sleep is 5:30 a.m. or later, you’re probably an owl. If your midpoint is somewhere in between, you’re probably a third bird.

As a result, your chronotype also determines the optimal time to tackle a task. For example, performing analytic tasks is easier for larks in the morning, but easier for owls in the late afternoon or evening. When it comes to making decisions, larks find this easier in the early morning, while owls might wait until the afternoon or evening.

The chart below details a science-backed way to match tasks with every stage of the day.


Company: cnbc, Activity: cnbc, Date: 2018-09-24  Authors: zameena mejia, bryan bedder, getty images
Keywords: news, cnbc, companies, day, evening, decision, important, midpoint, crucial, tasks, mood, boosted, youre, gladwell, malcom, productivity, hours, morning, dont


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China central bank raises yuan mid-point by the most in nearly 15 months, spurs dollar buying

But the near 0.7 percent jump in the official mid-point fixing sparked more corporate demand for cheaper dollars, capping the yuan’s gains in the spot market. Prior to the market opening on Tuesday, the PBOC lifted its official yuan midpoint to 6.8052 per dollar, 456 pips, or 0.67 percent, firmer than the previous fix of 6.8508 and largely matching market forecasts. The move in Tuesday’s official guidance rate was the biggest one-day strengthening in percentage terms since June 1, 2017. The guid


But the near 0.7 percent jump in the official mid-point fixing sparked more corporate demand for cheaper dollars, capping the yuan’s gains in the spot market. Prior to the market opening on Tuesday, the PBOC lifted its official yuan midpoint to 6.8052 per dollar, 456 pips, or 0.67 percent, firmer than the previous fix of 6.8508 and largely matching market forecasts. The move in Tuesday’s official guidance rate was the biggest one-day strengthening in percentage terms since June 1, 2017. The guid
China central bank raises yuan mid-point by the most in nearly 15 months, spurs dollar buying Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: getty images news, getty images
Keywords: news, cnbc, companies, yuan, currency, dollar, midpoint, buying, guidance, raises, nearly, spurs, trade, china, rate, pips, official, market, central, months


China central bank raises yuan mid-point by the most in nearly 15 months, spurs dollar buying

China’s central bank raised its daily guidance rate for the yuan by the most in nearly 15 months on Tuesday as part of its latest move to put a floor under the currency as a trade war with the United States grinds on.

But the near 0.7 percent jump in the official mid-point fixing sparked more corporate demand for cheaper dollars, capping the yuan’s gains in the spot market.

The People’s Bank of China (PBOC) confirmed market suspicions on Friday by announcing it had started changing the way it calculates the mid-point in August, in a sign authorities are growing wary of letting the yuan weaken further after a record 10 straight weeks of losses.

But market watchers say the yuan will continue to face depreciation pressure as the Sino-U.S. trade battle deepens and China continues to ease policies to support its cooling economy.

Prior to the market opening on Tuesday, the PBOC lifted its official yuan midpoint to 6.8052 per dollar, 456 pips, or 0.67 percent, firmer than the previous fix of 6.8508 and largely matching market forecasts.

The move in Tuesday’s official guidance rate was the biggest one-day strengthening in percentage terms since June 1, 2017.

The guidance rate was 4 pips lower than Reuters’ estimate of 6.8048 per dollar.

Market watchers believe the re-introduction of the mysterious “counter-cyclical factor” in the PBOC’s calculations is largely aimed at steadying the currency, not turning it around.

“It does not make sense to see a much stronger CNY from both the economic and trade war perspectives. In our view, the CNY’s weakness is justified as the economy is still struggling between growth, debt and leveraging,” Zhou Hao, analyst at Commerzbank in Singapore said in a note.

Recent easing measures in monetary policy also imply a weaker bias for the currency, he said, and added it would not be in China’s interest to engineer a firmer yuan while the U.S. trade dispute drags on.

In the spot market, the onshore yuan opened at 6.8128 per dollar and quickly fell into negative territory. As of 0232 GMT, the onshore yuan traded at 6.8185, 25 pips weaker than the previous late session close.

Its offshore counterpart was trading at 6.8051 per dollar as of 0232 GMT.

Bargain hunting for cheaper dollars remained strong, traders said, as many consider 6.8 per dollar as a hurdle for now.

In global markets, the dollar steadied after falling to a four-week low overnight, as after the United States and Mexico agreed to overhaul the North American Free Trade Agreement, boosting optimism for an easing of global trade tensions.


Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: getty images news, getty images
Keywords: news, cnbc, companies, yuan, currency, dollar, midpoint, buying, guidance, raises, nearly, spurs, trade, china, rate, pips, official, market, central, months


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China lifts yuan midpoint to highest in over two years

China’s central bank on Tuesday set its official yuan midpoint at the highest level in more than two years, to 6.4372 per dollar, underpinned by a solid spot yuan performance a day earlier. Tuesday’s official midpoint was 202 pips, or 0.31 percent, firmer than the previous fix of 6.4574 on Monday and was the strongest since Dec.11, 2015. China’s yuan leapt to its strongest in more than two years against the dollar at the official local close on Monday, buoyed by the Bundesbank’s decision to incl


China’s central bank on Tuesday set its official yuan midpoint at the highest level in more than two years, to 6.4372 per dollar, underpinned by a solid spot yuan performance a day earlier. Tuesday’s official midpoint was 202 pips, or 0.31 percent, firmer than the previous fix of 6.4574 on Monday and was the strongest since Dec.11, 2015. China’s yuan leapt to its strongest in more than two years against the dollar at the official local close on Monday, buoyed by the Bundesbank’s decision to incl
China lifts yuan midpoint to highest in over two years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-15  Authors: china photos, getty images
Keywords: news, games, cnbc, companies, highest, dollar, china, official, set, lifts, spot, solid, strongest, midpoint, yuan, underpinned, reserves


China lifts yuan midpoint to highest in over two years

China’s central bank on Tuesday set its official yuan midpoint at the highest level in more than two years, to 6.4372 per dollar, underpinned by a solid spot yuan performance a day earlier.

Tuesday’s official midpoint was 202 pips, or 0.31 percent, firmer than the previous fix of 6.4574 on Monday and was the strongest since Dec.11, 2015.

China’s yuan leapt to its strongest in more than two years against the dollar at the official local close on Monday, buoyed by the Bundesbank’s decision to include the yuan in its reserves and as corporate banking clients offloaded dollars.


Company: cnbc, Activity: cnbc, Date: 2018-01-15  Authors: china photos, getty images
Keywords: news, games, cnbc, companies, highest, dollar, china, official, set, lifts, spot, solid, strongest, midpoint, yuan, underpinned, reserves


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post