Chinese yuan renminbi news

Oil demand in China rose by an "astonishing" 28% in January compared with a year ago, the International Energy Agency says.

China has hit back at comments by US President Barack Obama that Beijing should change its currency strategy.

U.S. Dollar Trading (USD) was strong in Asia on fears that China may start to tighten momentary policy soon as inflation picks up. US data was positive with January's Trade balance falling to -37bn vs. -41bn forecast. Weekly Jobless claims were 462k roughly as expected. In US stocks, DJIA +44 points closing at 10611, S&P +4 points closing at 1150 and NASDAQ +18 points closing at 2368. Looking ahea…

Ahead of another heavy U.S. Treasury auction, with today the turn of the 30-year maturity, dealers have sold bonds ahead of time bowing to slightly more favorable economic data. Strong industrial production, retail sales and bank lending data emerging overnight from the Chinese economy coupled to a report indicating a rise in its inflationary pressures, also helped pressure global bond prices lowe…

The USD/JPY has pulled back from Wednesday’s highs and is gravitating towards the psychological 90 level as we anticipated. The USD/JPY has managed to avoid a retest in the process, a somewhat positive development. China’s economic data had a limited impact on the USD/JPY despite the rise in consumer prices and weakness in industrial production. Additionally, today’s U.S. data ha…

The yen depreciated vis-à -vis the U.S. dollar today as the greenback tested offers around the ¥90.70 level and was supported around the ¥90.20 level. Many traders are concluding an additional quantitative easing measure by Bank of Japan next week seems like a foregone conclusion.

The USD/JPY continues to consolidate gains following the post NFP rally which has generated an ideal scalping environment. A concentration of technical levels has helped limit breakout potential. A lack of conviction from traders has seen similar price action across most risky assets. Yesterday’s rise in Chinese exports generated some bullish sentiment only to have it offset by concerns that…

- China Inflation, Production Accelerate, Adding Pressure for Stimulus Exit (Bloomberg) - Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit (Bloomberg) - LONDON, March 11 (Reuters) - Britons' expectations for inflation over the next 12 months rose slightly to 2.5 percent in February from 2.4 percent in November, a quarterly survey from the Bank of England showed on Thursday…

The Reserve Bank of New Zealand left its 2.5% cash rate unchanged as expected overnight. Speaking after the announcement Governor Bollard indicated that the RBNZ still sees the need to remain in neutral, saying that the economy was "subdued" and consumers were "cautious." He held to early predictions that the next rate hike would be in mid-2010, but then startled markets by adding that he did not …

There's a nice mix of arguments this morning to give rise to conflicting views on today's currency movements. A slew of healthy data out of China confirmed up to be a rambunctious pup desperate to play in the yard. Moreover the strength of the data raises the stakes in terms of monetary tightening, which helped boost the Japanese yen rise against regional currencies on a risk reversion theme. Yet …

The overnight releases of Chinese PPI and CPI failed to garner the excitement they had promised, with Asian stocks managing a mixed performance. CPI did print a 16 mth high of 2.7% y/y but at these levels the rise in inflation can still be deemed as relatively moderate (CPI hit 8.7% y/y in 2008). That said the strength of Chinese loan data suggest that inflationary risks are firmly bias to the ups…

Overnight data released in China showed better than expected growth in factory output, and consumer inflation rose to a sixteen month high. CPI rose to 2.7% in February. This has raised concerns that the Chinese central bank may increase monetary tightening, and possibly raise interest rates. There is a school of thought that gradual tightening may not be enough to curb the robust growth levels. E…

Currency markets are tranquil today where movements are in narrow range ahead of the release of jobless claims and trade balance in the US. Markets, yet there was movement during the Asian session where the yen strengthened against majors after a Chinese report showed that inflation rose to the high...

Oil prices may finally break out lower as China's inflation figures spark fears of imminent monetary tightening for the world's second-largest crude consumer.

Chinese inflation hit a 16-month high in February, leading to calls for the government to take measures to cool the economy.

Retail sales in China inclined by 22.1% in February from a year earlier following an incline by 17.5%, and it topped market projections of 18.1%.

Industrial production in China rose 12.8% in February from a year earlier following an incline by 18.5%, and it came less than the forecasted 19.0%.

China\'s CPI rose 2.7% in February from a year earlier compared with 1.5%, and it came higher then market forecasts of 2.5%. Producer prices gained 5.4% after climbing 4.3%, while analysts\' estimate was 5.1%. The purchasing managers index came in at 10.3% from 8.0%, and it was expected to gain 8.5%.

FXstreret.com (Barcelona) - Asian markets have been going through a slightly negative session on... For more information, read our latest forex news.

USD/JPY - 90.38.. Although intra-day unwinding in yen carry trades caused by release of higher-than-expected China CPI figure spooked investors on possible further tightening by PBOC, reported bids at 90.20-00 contained dlr weakness n price has staged a minor bounce fm 90.20. Dlr is sidelined ahead ...

The yen depreciated vis-à -vis the U.S. dollar today as the greenback tested offers around the ¥90.45 level and was supported around the ¥89.85 level. Bank of Japan is moving closer to easing monetary policy further according to a wider contingent of the financial media.

Wednesday, March 10, 2010 Recap: Positive data from China and a strong bond sale by Portugal helped increase risk appetite and boost the Euro against its rivals, while a weak manufacturing report h...

Gold found support in our 1st tier uptrend line yesterday and has bounced back from Tuesday lows, avoiding a retest of $1100/oz in the process. Gold is now back in the middle of its present trading range as gains in the Aussie and Loonie are counterbalanced by overall weakness in the Cable and Euro. That being said, it will be interesting to see how the Cable and EUR/USD react to tomorrow’s …

A year after the weakest close for global equity prices, risk appetite has very much returned to the agenda. Stock prices are 60% or so higher from the bottoms reached in March 2009. Of course at the time no one knew it was the bottom and subsequently investors have climbed that so-called "wall of worry." As they did they became accustomed to intermittent bouts of risk aversion, which often showed…

FXstreet.com (London) - Dow legged around 25 points in the opening minutes of trade before cutting... For more information, read our latest forex news.

# Australia Westpac Consumer Confidence printed at 0.2% vs. -2.6% exp # Australia Jan owner-occupied housing finance -7.9% m/m vs.-2.0% exp investment finance +0.9% # In Australia RBA AsstGov Lowe sounded very optimistic stating that growth was at or above average for the next couple of yrs, while labor market are strong and inflation consistent with medium-term target, challenge to expand supply …

China\'s trade balance surplus narrowed to $7.614 billion in February compared with a previous surplus of $14.17 billion, while forecasts referred to $7.15 billion. Exports (YoY) rose 45.7% last month from 21.0%, and it topped analysts\' estimates of 38.3%. On the other hand, imports climbed 44.7% in ...

China's exports surged 46% in February, figures show, raising hopes of a strong recovery in global trade.

China Feb exports y/y came out at 45.7% vs 39.7% while imports y/y was 44.7% compared to forecast of 38.7%. Trade balance in Feb decreased to 7.61B fm previous reading of 14.17B and the market showed muted reaction to this.

Dollar rebounded strongly in European session as Gold was hit to as low as 1115 following comments from China.

The USD/JPY is settling following Friday’s impressive run on the heels of better than expected U.S. employment data. The data wire has been relatively quiet since then, allowing investors to lock in profits ahead of key release from China. China will print Trade Balance and New Loans data tomorrow followed by Industrial Production, CPI, and a host of other data due during Thursday’s As…

FX markets were nervously quiet in Asian session, just waiting for a directional catalysis. Initially, the deputy governor of the PBoC and the head of the SAFE, Yi Gang, at a press conference in Asia, provided some detailed and honest comments regarding China's foreign exchange and reserve policy. These comments reinforce remarks made on Friday from PBoC Gov. Zhou and Prime Minister Wen. On the su…

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Japan Jan leading index rose 2.4 points, coincident index up 2.5 points.

The Yuan is set to appreciate against the Dollar

FXstreet.com (Barcelona) - The governor of China's central bank, Zhou Xiaochuan, hinted in a press... For more information, read our latest forex news.

USD/JPY - 89.28.. Breaking news came out in Australia on BOJ\'s rate easing disposition n comments fm chairman of China Banking Regulatory Commission central bank may hike rates if economy overheats n earlier remarks by PBOC\'s deputy head\'s comments of China will raise rates at appropriate times. Dlr...

Breaking news fm Reuters quoted fm a top state banker that \'talk of China stopping to support dollar is non-sense\'. Market reaction to this news was somehow muted. Usd/jpy last traded at 90.36, eur/usd at 1.3681 n gbp/usd at 1.5176.

More breaking news fm Reuters that China chief bank regulator says \'will not impose special curbs on bank credit to property sector, flow of credit to stocks and property not major problem\'.