In the spot market, the onshore yuan opened at 6.6180 per dollar and was changing hands at 6.6140 at midday, just 5 pips firmer than the previous late session close and 0.08 per cent stronger than the midpoint.
According to the People's bank of China, the Asian giant's foreign exchange reserves increased by $10bn in November to reach $3.119trn, which was roughly in-line with economists' forecasts. This was the tenth consecutive rise in reserves.
It was the first time that China's reserves have climbed for 10 months in a row since June 2014, and brought its stockpile - the world's largest - to the highest since October past year.
China's foreign exchange reserves were little changed last month, extending a spell of stability which some economists believe might encourage Beijing to take further "baby steps" towards full-blown FX liberalisation such as widening the trading band for the yuan.
The yuan rose slightly against the dollar in November, making it a almost 5% increase so far this year.
Bitcoin price punches through $12000 reaching new high Remember, Bitcoin was valued at around $1,000 at the beginning of the year, but really began its big run over the last two months. According to CoinMarketCap , bitcoin has risen 9.63 percent in 24 hours, and 18.74 percent over the last 7 days.
Better sentiment around China's currency and the capital controls that have been in place all year have helped rebuild the holding, which fell below $3 trillion in January for the first time since 2011. But reserves have since climbed by $121 billion.
The State Administration of Foreign Exchange (SAFE) attributed the continued increase to stronger non-dollar currencies and fluctuations in asset prices, as cross-border capital flows and transactions remained steady.
Still, some economists believe it is premature for the Chinese authorities to loosen capital controls as money flight could pick up due to expected US rate rises and tax cuts.
China's central bank and commercial lenders recorded net purchases of foreign exchange in September and October, reversing a trend of net sales stretching back almost two years. The reserves for November came in line with expectations.
That's also contributing to a surge in prices, together with rising global oil costs and higher wages for government employees. The S&P BSE Sensex dropped 0.63 percent at 32,597 while the broader NSE Nifty declined 0.73 percent to 10,044.
The Grammy Award victor spoke about his grandfather Bill Sheeran after the ceremony, saying he would be proud of his medal. Speaking about the prospect of his fourth number one the musician said: "Do you know what, it's mad".
The Big Ten can't change what happened now, but a strong bowl season would go a long way in making sure it doesn't happen again. Isn't that we play the game in the first place? That's moving dangerously close to an National Football League schedule.
About 775,807 shares traded or 0.54% up from the average. (NYSE:VAR) has risen 29.46% since December 7, 2016 and is uptrending. BidaskClub downgraded shares of Amarin from a "hold" rating to a "sell" rating in a research note on Friday, August 11th.
KeyCorp reissued a "buy" rating and set a $50.00 price target on shares of Fluor in a research report on Friday, September 22nd. The construction company reported $0.57 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.67 by $0.10.
Vonn adds that should she be invited to the White House with the squad or after earning a medal, she will not attend. Moritz, Switzerland, where she spoke passionately about what it means to compete for the U.S. ski team.
The driver was approaching an intersection in Auckland when his dashcam recorded a body bag on a gurney rolling down the street. Shocking footage has emerged appearing to show a dead body fall out of a hearse and roll across a busy intersection.
The institutional investor owned 1,276,913 shares of the company's stock after selling 160,874 shares during the quarter. Park West Asset Management Llc bought 223,936 shares as the company's stock declined 9.84% while stock markets rallied.
The actress has upped her fitness game to such an extent that she can give even the actors in the industry a run for their money. But the best part about the video is when you see Salman and his onscreen lady love Katrina goofing around.
He was reportedly on his way to Abuja in preparation for the party's convention, slated for Saturday, when the kidnappers struck. The Publicity Secretary of PDP in Plateau State, John Akans , has confirmed the incident.
CR described the latest iPhone model an "innovative device with a fantastic camera and handsome display", but average durability. The OLED phone will reportedly come with a 5.8-inch display and will come as a sequel to the iPhone X .
The difference between the expected and actual EPS was $0.17/share, which represents an Earnings surprise of 70.8%. The stock of The Allstate Corporation (NYSE:ALL) has "Neutral" rating given on Tuesday, August 4 by Goldman Sachs.
Barclays Boosts Las Vegas Sands (LVS) Price Target to $75.00
Turning to Vipshop Holdings Limited (NYSE:VIPS), its shares were trading at $8.27 a retreat of $-0.23, on the trading floor. More interesting news about Las Vegas Sands Corp . (NYSE: LVS ) has risen 28.09% since December 6, 2016 and is uptrending.
Apple Reveals Top Apps, Music, Movies, TV Shows Of 2017
On Apple's annual list of the most downloaded free iTunes apps of the year, the Bitmoji app, owned by Snap, bagged the top spot. On Apple Music , Drake nabs album of the year with More Life , while Ed Sheeran's Shape of You gets the honors for top song.
Teacher Accused Of Having Sex With Student at Ripon High School
When the victim was in Fitzpatrick's class, he would sit next to her at her desk and she would talk with him instead of the class. The teacher was employed at Ripon High School in Wisconsin (shown) during the time the alleged sexual relationship happened.
Georgia's Kirby Smart named SEC coach of the year
Auburn drove to Georgia's 38-yard line in the waning moments of the half, but Smith broke free up the middle to sack Stidham. This would be the Bulldogs first chance at playing in a national title game since 1982.
Young woman killed, body dumped on Juhu beach
The description of the deceased has been circulated to all the police stations for ascertaining her identity, police said. He said that the woman looked like she had been strangulated to death, but they would wait for the postmortem reports.
Direct Is A New Standalone Messaging App From Instagram
Instagram has not announced how long the tests will last and when it expects Direct to be rolled out to the rest of the world. Direct would be available from today in Italy, China, Turkey, Israel, Portugal and Uruguay for both the Android and iOS.