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The US dollar has been stuck in a pattern against the Japanese yen for the last several weeks, reaching above the ¥110 level before pulling back to form a shooting star.
The US dollar rallied rather significantly during the course of the week, reaching towards the 50 week EMA shortly after the jobs number was announced. USD/JPY Weekly Price Forecast – US Dollar ...
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 yen and yuan sign (¥) is a currency sign used for the Japanese yen and the Chinese yuan currencies when writing in Latin scripts. This character resembles a capital letter Y with a single or double horizontal stroke. The symbol is usually placed before the value it represents, for example: ¥50, or JP¥50 and CN¥50 when disambiguation is ...
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 ...
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SYDNEY (Reuters) -Chinese stocks raced toward their best week since 2008 and helped lift Asian shares to 2-1/2-year highs after Beijing rolled out a huge stimulus package to revive the economy ...