FOREX TradingCharts.com

Financial News: Chinese Yuan Internationalization Slowed, Fitch Says

Chinese Yuan Internationalization Slowed, Fitch Says

05/02/2017 - 07:43:00 (RTTNews)

(RTTNews) - Despite the inclusion of the yuan in the IMF's Special Drawing Rights, progress toward the Chinese currency becoming a more important global currency has lost momentum over the last two years, Fitch Ratings said Tuesday.

The agency said policies to contain capital outflows and ongoing concerns over currency depreciation are likely to hold back internationalization in the short-term.

Nevertheless, a gradual increase in holdings by reserve managers could still support China's rating profile over time.

Countries whose currencies have a significant role in global official foreign-exchange reserve portfolios are less likely to experience external funding stress, reflecting stable demand for assets denominated in their currency, Fitch noted.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Lithuania Retail Sales Growth Eases Further (06 min(s), 07 sec(s) ago)
(RTTNews) - Lithuania's retail sales growth moderated for the third straight month in April, f ...Full Story»

German Exporters' Confidence Highest Since Jan 2014, Ifo Study (23 min(s), 07 sec(s) ago)
(RTTNews) - Confidence among Germany's exporters was the highest in nearly three-and-a-half ye ...Full Story»

Italy Consumer Confidence Falls To 28-Month Low (55 min(s), 07 sec(s) ago)
(RTTNews) - Italy's consumer confidence weakened in May to the lowest level in nearly two-and- ...Full Story»

Romania's Budget Deficit To Exceed Target: IMF (03 hr(s), 07 min(s), 07 sec(s) ago)
(RTTNews) - Romania's budget deficit is set to exceed the target this year without additional ...Full Story»

Slovakia Producer Price Inflation Eases In April (03 hr(s), 12 min(s), 07 sec(s) ago)
(RTTNews) - Slovakia's producer price inflation slowed in April after accelerating sharply in ...Full Story»

Hungary Jobless Rate Rises Unexpectedly (03 hr(s), 55 min(s), 07 sec(s) ago)
(RTTNews) - Hungary's unemployment rate increased in the three months ended April, though marg ...Full Story»

Singapore Industrial Production Growth Slows Less Than Forecast (05 hr(s), 43 min(s), 07 sec(s) ago)
(RTTNews) - Singapore's industrial production growth eased at a slower-than-expected pace in A ...Full Story»

Mexico Trade Balance Swings To Surplus In April (37 min(s), 53 sec(s) ago)
(RTTNews) - Mexico's foreign trade balance turned to a surplus in April from a deficit in the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Lithuania Retail Sales Growth Eases Further

05/26/2017 - 07:14 AM (RTTNews)
(RTTNews) - Lithuania's retail sales growth moderated for the third straight month in April, f ...Full Story>>

German Exporters' Confidence Highest Since Jan 2014, Ifo Study

05/26/2017 - 06:57 AM (RTTNews)
(RTTNews) - Confidence among Germany's exporters was the highest in nearly three-and-a-half ye ...Full Story>>

Italy Consumer Confidence Falls To 28-Month Low

05/26/2017 - 06:25 AM (RTTNews)
(RTTNews) - Italy's consumer confidence weakened in May to the lowest level in nearly two-and- ...Full Story>>

Romania's Budget Deficit To Exceed Target: IMF

05/26/2017 - 04:13 AM (RTTNews)
(RTTNews) - Romania's budget deficit is set to exceed the target this year without additional ...Full Story>>

Slovakia Producer Price Inflation Eases In April

05/26/2017 - 04:08 AM (RTTNews)
(RTTNews) - Slovakia's producer price inflation slowed in April after accelerating sharply in ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.