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The markets are calm in early Wednesday trade. The Chinese, Australian and New Zealand currencies are all showing limited movement in the Asian session. With the U.S. releasing retail sales ...
In the Asian session, the Australian, New Zealand and Chinese currencies all showed slight movement. With a lack of fundamental events, any further activity on Tuesday would be due to technical moves.
The U.S. dollar is slightly higher against its Australian and New Zealand counterparts in Friday trade. The Chinese yuan is flat as Chinese banks remain closed for a holiday. The U.S. releases ...
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The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency , and has an official exchange rate , the CNY plays an important role in the world economy and international trade .
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The methodology and data used for the index set it apart from several existing metrics, such as the ICE U.S. Dollar Index, Dow Jones FXCM Dollar Index and FTSE Curex USD/G8 Index. The WSJ Dollar Index is a trade weighted index but unlike some of the other metrics, the WSJ Dollar Index captures the impact of capital flows on currency volumes, a ...
Example of GNP-weighted nominal exchange rate history of a basket of 6 important currencies (US Dollar, Euro, Japanese Yen, Chinese Renminbi, Swiss Franks, Pound Sterling Bilateral exchange rate involves a currency pair, while an effective exchange rate is a weighted average of a basket of foreign currencies, and it can be viewed as an overall ...