basket of currencies

Mr. Guo said the IMF should 'immediately' include the yuan as a component of its Special Drawing Rights basket of currencies.

China may have been 'referencing' a basket of currencies, but it didn't seem to be acting on it.

Barclays Capital said in a report this week that it expects the yuan to appreciate 5% against a basket of currencies over the next year.

The greenback has fallen to its lowest level in almost a year against a basket of currencies.

A first step towards flexibility might be for China to peg the yuan to a basket of currencies rather than to the dollar.

One idea, Zhou said, was to replace the dollar with a basket of currencies supervised by the International Monetary Fund.

The PBOC hinted then that it was moving to a new currency regime that would focus more on guiding the yuan against a basket of currencies.

Similarly, the SDR can merely provide a convenient way of holding a basket of currencies, and will not be an alternative reserve currency.

China talked at the time of using a basket of currencies, rather than the dollar, and letting its currency appreciate against the basket.

Within days, Russia called for the yuan to be included in the basket of currencies that the IMF uses to determine the value of SDRs.

The US dollar fell to its lowest since mid-December yesterday against a basket of currencies and against the euro.

Beijing: China finally reveals the composition of the basket of currencies used by its central bank to determine the renminbi exchange rate.

from now on , the yuan will be linked to a basket of currencies , the central parities of which will be set at the end of each day.

Amid the chaos, it tried pegging the local currency, the krona, to a basket of currencies but abandoned that tack after barely a day.

Singapore's surprise decision to widen its trading band against a basket of currencies contributed to a wider US dollar sell-off .

It has fallen by about the same amount against the euro and has barely appreciated against a basket of currencies.

China unpaged the yuan from the U. S. dollar in July 2005 and allowed it to fluctuate against a basket of currencies.

By linking the yuan to a basket of currencies rather than just the dollar, China can better respond to euro swings.

Singapore is taken by the reference to a basket of currencies exchanging rate regime.

The US currency fell to its lowest against a basket of currencies since October.

Another argument for diversification is that China says it now pegs the yuan to a basket of currencies, rather than the U. S. dollar.

Basket of currencies. It said that, over time, market forces would be allowed to play a.

China's best bet is to allow still faster appreciation of the renminbi, against a basket of currencies, and not just the dollar.

Against a broad basket of currencies, the dollar is down 9. 1% from a year ago.

Even then, the yuan will not be freely floating relative to the basket of currencies.

Furthering the reform of the RMB exchange rate regime is based on market demand and supply with reference to a basket of currencies.

During the 1980s, the government set the rate with reference to a basket of currencies, and later moved to a market-average system.

China establishes a managed floating exchange rate regime based on market demand and supply with reference to a basket of currencies.

China's main defence, for now, is that the renminbi is still appreciating against a trade-weighted basket of currencies.

Officially, China's stance since 2005 has been that it manages the yuan with reference to a basket of currencies.

Indeed, in trade-weighted terms, against a basket of currencies, it has risen by 12% over the past six months.

China has put in place a managed floating exchange rate regime, based on market supply and demand with reference to a basket of currencies.

Earlier this year, it proposed a new type of global currency tied to a basket of currencies.

We have adopted a managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies.

The PBOC said it will be guided by a "basket" of currencies, not the dollar alone.

Then there is the struggle to maintain the facade that China has moved to a system of referencing the yuan against a basket of currencies.

The greenback has been sliding since Tuesday morning, following reports of plans to use a new basket of currencies for oil trading.

China said it would reference a basket of currencies when it first unshackled the yuan from the dollar in July 2005.

Basket unit of account A unit of account linked to a basket of currencies.

Its value against a basket of currencies is also up so far this year.

The ICE Dollar Index, which tracks the dollar against a trade-weighted basket of currencies, is down about 5% over the past month.

In trade-weighted terms against a basket of currencies, sterling is only 3 per cent higher than in 1998.

The value of the SDR is based on a basket of currencies (the dollar, euro, yen and pound) that might expand one day to include the yuan.

The dollar index, which tracks a basket of currencies, reached its lowest level this year.

The Chinese government back then allowed the yuan to float in a narrow range against an undefined basket of currencies.

The dollar moved higher against a basket of currencies and Treasury bond prices rose.

In setting the exchange rate, it would pay heed to a basket of currencies, it said, as well as "market supply and demand" .

Measured against a trade weighted basket of currencies, the dollar recently broke above its 200-day moving average.

The dollar . DXY, meanwhile, fell near one-year lows against a basket of currencies.

This week it reached its lowest point against a basket of currencies since December.

The dollar fell nearly 1% against a broad basket of currencies this week, following a drop of similar size last week.

Zhou Xiaochuan also said SDRs should be based on a basket of currencies, including China's renminbi.

The dollar remained on the defensive against a basket of currencies.

Since peaking in 2002, it has fallen by 24% against a trade-weighted basket of currencies.

One big fact is that foreign governments can now credibly peg their currencies against a basket of currencies or even just the euro alone.

Since mid-August, the dollar has slumped 8 percent against a basket of currencies.

But the dollar continues to languish near 15-month lows against a basket of currencies.

Prices for government debt fell after a poor auction, while the dollar was weak against a basket of currencies.

But it has only risen half as fast against a basket of currencies because the dollar has slipped in value during that time.

The Fed's index of the value of the dollar against a broad basket of currencies is down 7. 9% since Aug.

The dollar fell 0. 3 percent against a broad basket of currencies.

The safest strategy is to buy a basket of currencies.

The dollar rose 1. 7 percent against a basket of currencies, while gold fell 2 percent.

The G20 is to study whether to include the Chinese yuan within the basket of currencies that make up the IMF's Special Drawing Right.

Some suggest Hong Kong could manage its exchange rate using a trade-weighted basket of currencies, much like Singapore does.

That leaves the possibility of pegging the Hong Kong dollar to a basket of currencies, as proposed by Mr Gulliver.

The RMB Exchange Rate Regime with Reference to A Basket of Currencies: Empirical Evidence

The dollar sank to a new three-year-low against a basket of currencies. See article

On RMB Exchange Rate Regime in Reference to a Basket of Currencies

An Analysis of China's Sticking to a Basket of Currencies and Suggestion

pegging the yuan to a basket of currencies

basket of currencies; currency basket

Basket of currencies (6 or more) base of world financial system