renminbi dollar exchange rate

A New Way to Bet on China: Open a Renminbi Bank Account

China's economy is booming, and Western nations are increasing their demands that its currency be allowed to rise to its natural value. Who knows if that will happen, but if you want to bet that it will, the Bank of China just made it easier: Now, Americans can open renminbi-denominated accounts.

Currency Wars Are Heating Up Across Latin America

Emerging market countries, especially those in Latin America, are gearing up for a potentially damaging round of currency interventions to help keep their economies competitive. "This is a currency war that is turning into a trade war," says Brazilian Finance Minister Guido Mantega.

As the Dollar Weakens, Commodities Shine

Market watchers lately have loudly proclaimed the end of the dollar, which has left investors looking to stay ahead with a choice of betting on stocks, which have 17% fallen in the last decade, or staying "safe" in very low-yield money market funds. But there is an alternative: Commodities.

Yuan Hits High Vs. the Dollar as China Nudges Exchange Peg

The Chinese yuan hit a post-revaluation high against the dollar Monday after the People's Bank of China set the yuan's reference rate for trading at its highest level since the central bank began publishing the daily fix in 1994. The yuan can rise or fall 0.5% each day from the reference point.