Tag: rmb

As the PBOC sticks to 7.2-level fixing rate, Donald Trump’s administration’s decisions on tariffs will have the largest impact on the currency in 2025.

According to BNP Paribas, the Rmb might “initially react negatively”, however, the USD upside is likely to be limited by the Fed rate cut outlook.

The internationalisation of the renminbi has always been a strong focus for Beijing, but a recent IMF report suggests it could be losing ground to other non-traditional reserve currencies.

While there are signs of progress, moves by corporates to use domestic currencies in the region have been slower than expected.

SC has become the first foreign bank in the offshore market that can participate in the global clearing platform for Rmb with two large Greater Bay Area-based firms taking part in the launch.

In an exclusive interview, Ricky Kaura, head of transaction banking Asia Pacific, Africa & Middle East at Standard Chartered addresses some of the key opportunities for the bank and its customers across areas like supply chain, sustainability, and technology.

The UOB Group Central Treasury team returned to the onshore bond market last week to cater to the bank's wholesale funding needs.

As the Renminbi (RMB) continues to internationalise and policy initiatives bode well for its offshore market, RMB-denominated products and corporate treasury centres will likely gain more traction.

A rare week of good news has convinced some FX strategists to revise their forecasts, but it still makes sense to short the yuan while being prepared for moves in sterling and the US dollar

The German lender has become the first bank to allow any client of DB worldwide world to trade onshore USD/CNY spot and hedging solutions

As far as offshore renminbi hubs outside of Hong Kong go, London rules the roost, but Australia’s quiet but determined bid is showing what an RMB ecosystem could look like

Treasurers looking ahead to 2019 will need to be keenly aware of the geopolitical risk to currency movements. Has the US overplayed its hand? Will the Euro be resurgent? Read on…