Meanings of onshore yuan in English

More stories about the CNH market Daily onshore yuan reports Daily China money market reports

Z-Ben predicted the hedge fund will use the platform to launch onshore yuan fixed-income strategies.

China has been gradually loosening its capital controls to allow more foreign participation in its onshore yuan market.

The onshore yuan rose to as high as 6.9804 per dollar.

The onshore yuan fell to 6.9604 per dollar, its weakest level since January 2017.

Unlike the CNH market, yuan NDFs lets investors bet on the direction of the onshore yuan without any regulatory intervention.

The offshore and onshore yuan were both trading weaker than the 6.5 level on Monday.

The onshore yuan traded at 6.5936 per dollar and offshore yuan at 6.6900 on Thursday.

The onshore yuan last traded at 6.7408 per dollar.

It is currently 0.5 percent cheaper against the U.S. dollar than the onshore yuan, or CNY.

China's onshore yuan fell 0.6% to new 11-year lows.

The onshore yuan traded at 6.3673 per dollar on Tuesday, compared to the offshore yuan at 6.4140.

Without the prospect of earning higher interest rates, deposit holders then use the offshore forwards market purely as a speculative play on the onshore yuan.

Since then, China's state banks have been active in the onshore yuan forwards market, tightening dollar supply and supporting the Chinese currency, sources told Reuters.

Supported by the stronger fixing, the onshore yuan CNY=CFXS opened at 6.8327 per dollar, its strongest level since Sept. 7.

The offshore yuan CNH= discount to the onshore yuan spot market CNY=CFXS narrowed to 0.47 percent from 1.56 percent on Wednesday.