Yuan’s sharp drop puts investors on alert for end of strengthening trend

The yuan has recently been something of a safe haven among emerging-market currencies, yet market participants have learned from a bloody lesson over the past week that it is no longer an easy, one-way bet.

A sharp fall of both the onshore and offshore yuan against the greenback made the Chinese currency the worst performing one within emerging Asia over the past two weeks.

http://www.scmp.com/business/

Related Posts

  • 89
    Efforts by China to damp speculation in its currency risks driving away investors just as it’s attempting to open up its capital markets in a once-in-a-generation economic overhaul. After allowing the yuan to steadily rise in each of the past four years, China’s central bank let it tumble about 1…
    Tags: china, yuan, currency, week, currencies, investors, asian
  • 85
    China's banks disbursed the most loans in any month in four years in January, a surge that suggests the world's second-biggest economy may not be cooling as much as some fear. Chinese banks lent 1.32 trillion yuan ($217.6 billion) worth of new yuan loans in January, beating a 1.1 trillion…
    Tags: yuan, china, chinese, asian
  • 83
    The People’s Republic of China’s (PRC) economy has shown signs of overheating despite a sharp slowdown in economic growth, suggesting that, constrained by the supply of labor, its potential growth rate might have fallen significantly from its past level. With the priorities of the PRC’s authorities shifting from raising economic growth…
    Tags: china, sharp, asian
  • 82
    Shanghai's over-the-counter equity market was almost deserted on a weekday morning last week. Two cleaning ladies swept the floor of a trading hall devoid of brokers or computers, while a woman at an information desk ate breakfast and talked on her mobile phone. During four visits this year to the…
    Tags: market, investors, week, china, asian
  • 78
    The singling out of three debt types most at risk by the People’s Bank of China has prompted Nomura Holdings Inc. to warn that rising borrowing costs will make it even harder to avoid a default by these issuers. The PBOC will enhance monitoring of local government financing vehicles, industries with overcapacity…
    Tags: china, asian