Yuan, Australian dollar gain on upbeat China factory survey
This is the best tl;dr I could make, original reduced by 66%. (I'm a bot)
TOKYO - A surprise improvement in Chinese factory activity supported the yuan and Australian dollar on Monday, and provided a broader boost to global investor confidence, helping the dollar gain against the safe-haven yen. That pushed the Australian dollar, often seen as an investment proxy for Chinese economic prospects, 0.15 percent higher to $0.7107. The Chinese yuan also gained 0.2 percent in offshore trade to 6.711 to the dollar. The U.S. dollar rose 0.15 percent to 110.93 yen, extending its advance from the 1-1/2-month low of 109.70 it touched a week ago. The Mexican peso gained 0.4 percent to 19.347 to the dollar while the South African rand gained more than 1.2 percent to 14.317 per dollar. The Turkish lira eased 0.9 percent to 5.591 per dollar after President Tayyip Erdogan's ruling AK Party was set to lose control of the capital Ankara for the first time in a local election and he appeared to concede defeat in the country's largest city, Istanbul.
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CNY: In currencies, this is the abbreviation for the China Yuan Renminbi. Forex - Yuan Continues to Fall Amid Trade Headlines; RBA in Focus . Add a Comment. Add a Comment. Comment Guidelines . We encourage you to use comments to engage with users, share your perspective ... Forex. Dollar off 2-month peak, yuan gains on bond benchmark inclusion. Reuters TOKYO ... while the Chinese yuan gained after the country was added to a global bond benchmark. ... The People's Bank of China (PBOC) has set the yuan reference rate at 6.8101 versus Tuesday's 6.8171. The People's Bank of China (PBOC) has set the yuan reference rate at 6.8101 versus Tuesday's 6.8171. ... Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical ... Yuan Currency Futures and Forex Trading . Investors wishing to maximize investment in the yuan through the use of leveraged investments may consider currency futures or forex market trading ...
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