XE CURRENCY CONVERTER
| 1.00 USD | = | 6.13637 CNY |
| US Dollar | ↔ | Chinese Yuan Renminbi |
| 1 USD = 6.13637 CNY | 1 CNY = 0.162963 USD |
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Mid-market rates: 2013-05-23 17:29 UTC
EUR/USD2013-05-23 10:09 UTC
EUR-USD firmed up on better than expected eurozone manufacturing PMI data. The composite reading improved in May amid better readings from France and Germany in the early releases. EUR found support ahead of 1.2820 after the London open and filled sell orders from 1.2860 to 1.2880. EUR-JPY's recovery from 130.20 over 131.00 also provided positive guidance, along with EUR-GBP's move back over 0.8550. EUR-AUD is still looking strong above ... Read More ►
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XE Market Analysis
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North American Edition2013-05-23 10:09 UTC
Markets were frayed in Europe. Very heavy action followed yesterday's comments from Bernanke, the FOMC minutes, overnight data weakness in China and a stock market collapse in Japan. The dollar, which had started the Asian session on the front foot, weakened into the European open amid a sharp liquidation via yen-funded carry trades after the Nikkei 225 closed 7.32% lower. By the time liquidity rose after the London open USD-JPY had dropped from over ... Read More ►
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European Edition2013-05-23 07:14 UTC
Markets are still reeling from yesterday's Bernanke testimony and Q&A session, which covered both sides of the QE debate, though his admission that tapering could come in the next few meetings, depending on data, saw a big fallout in risk-trades. This was backed up by the FOMC minutes, which also echoed this view, while in Asia, there were heavy losses related to a big drop in China manufacturing PMI, while JGB market volatility also unnerved ... Read More ►
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Asian Edition2013-05-22 19:19 UTC
It was a choppy day in FX Land, with most of the gyrations the result of comments from Bernanke in his JEC testimony and Q&A. The greenback faded initially, as the Fed chief indicated QE would not be tapered any time soon (which naturally took equities racing higher). Later in Q&A, Bernanke contradicted himself to a degree, saying tapering could commence in as soon as a few FOMC meetings. This resulted in stocks paring gains, and the dollar ... Read More ►
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