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Trending News: I Won’t Force My Deputy To Join APC — DiriPolice Recover Stolen Kano Deputy Governor’s Hilux, Arrest Government DriverBarcelona President Speaks On Lionel Messi Return, Tribute MatchWhy We Have Not Shut Down, Threatened Any Media Houses – FGSuper Eagles Settle Dispute, Resume Training Ahead Of World Cup Playoff Against GabonHe’s My Son You Know – Wizkid Beams With Pride As Boluwatife Tops Charts With Debut EPThank You For Giving Us Hope As A Nation – Yvonne Jegede Hails Soldier For Confronting WikeTop 20 Most Valuable National Teams Globally In 2025Full Text: President Tinubu’s Address At NGE ConferenceWhenever I Need Motivation, I Listen To Late Dagrin’s Songs – OlamideGuinness World Records Recognizes Tacha For Two Makeup Records‘National Embarrassment’ – Peter Obi Reacts To Clash Between Wike And Naval Officer In AbujaFIFA U17 World Cup 2025: Round Of 32 Fixtures Revealed In QatarTrump’s Issue With Nigeria Not Affecting Our Capital Market – OyedelePeggy Ovire, Taye Arimoro In Heated Clash Over Film Shoot, Blows ExchangedThief Invades Kano Government House, Steals Hilux VanPDP Dares Court Orders, Vow To Hold National Convention In IbadanNnamdi Kanu Files Motion To Halt November 20 JudgmentEx-Chelsea Star, Oscar Hospitalized After Heart Irregularity Found During Sao Paulo MedicalNYSC Announces Batch C Orientation Date, Limits Camp SlotsTwo National Assembly Staff Jailed For ₦4.8 Million Job ScamUN Agencies Warn Of Looming Global Famine As Funding Shortfall DeepensSenate Leader Denies Alleged Move To Impeach AkpabioJust In: Senate Approves Tinubu’s ₦1.15 Trillion Domestic Borrowing Request‘That Fellow Ought To Be Court Marshalled’ – Asari Dokubo Speaks On Wike’s Clash With Naval OfficerWike Remains In The PDP – Lere OlayinkaUAE Pledges Closer Ties With NDLEA In Drug WarKaduna Lawmaker, Daniel Amos Dumps PDP For APCBeckham Clause Could Bring Lionel Messi Back To FC BarcelonaJohn Mikel Obi Sends Message To Super Eagles Ahead Of Clash With GabonWike Vs Navy: ‘We Will Always Protect Our Officers’ – Minister Of Defence‘You Should Be Concerned That Military Officers Are Converted To Mai Guard’ – Wike’s Aide Slams Buratai‘I Am Not Your Mate’ – Joe Igbokwe, Deji Adeyanju Fight Over Wike’s Clash With Navy OfficerNDLEA Speaks On Plan To Probe Regina Daniels’ Brother Over Drug AllegationsBodies Of Terrorists Float In River As Boko Haram, ISWAP Fighters Clash (Video)Trump Didn’t Threaten To Invade Nigeria – CANNigerian Military, Chad Officials Meet Amidst ‘Closure’ Of Border Over Trump’s Threat‘He Is A Political Orphan Disowned In Rivers’ – APC Hits Amaechi Over Remark Against TinubuJapa: NIS Stops 294 Nigerians From Leaving The CountryGalatasaray Working To Reunite Ademola Lookman With Victor Osimhen In TurkeyBreaking: Wike Bans Mobile Phones For AGIS, Land Staff After Clash With Naval Officer‘Ex-Naval Chief Resorted To Military Might Instead Of Seeking Help’ – Wike’s Aide Gives Details Of Military ClashPresidency Reveals Situations Responsible For Killings In North CentralReece James Calls On FIFA To Adjust World Cup Kick-Offs As Heat Concerns GrowNigeria’s Medal Haul Hits 14 As Sarah Matthew Strikes Gold At Islamic GamesNaval Officer Breached The Law In Clash With Wike — Professor HonSheikh Gumi Reacts As U.S. Moves To ‘Punish’ Northern Governors, Clerics, JudgesDefence Headquarters Makes Striking Statement Hours After Wike’s Clash With SoldiersSuper Eagles Captain, Troost-Ekong Confirms Team’s Protest Over Unpaid Allowances‘Super Eagles Threaten To Boycott Gabon Clash Over Unpaid Allowances’Troost-Ekong Sure Of Stopping Aubameyang As Super Eagles Battle Gabon In World Cup PlayoffPeter Obi Reacts As Super Eagles Boycott Training Over Unpaid BonusTragedy As 20 Die In Turkish C-130 Cargo Plane Crash‘Wike Deserves Urgent Therapy In Rehab’ – Dele Momodu Reacts To Minister’s Clash With Military Officer‘You’re A Fool, I Am Not A Fool’ – Navy Keeps Mum As Wike Clash With Naval Officer In AbujaThose Opposing PDP Convention Want One-Party State — OlafesoAnother Lawmaker, Sagir Koki Dumps NNPP In KanoAM Yarima Vs Wike: Sowore Berates FCT Minister’s Clash With Military Officer On Abuja LandMoses Itauma Wins Breakthrough Athlete Of The Year At British Sports Awards‘Surprise Attack’ – US Lawmaker Speaks On Military Invasion After Trump’s Threat On NigeriaNigeria’s Falconets Win WAFU B U-20 Title After Outclassing GhanaWhy I Missed My Paris Show – Kizz Daniel Reacts To BacklashIdentities of Six Federal Directors Kidnapped While Traveling From Lagos To Abuja RevealedCurrent Punishments Against Electoral Malpractices Are Too Weak – Ezekwesili FumesIt’ll Be Used Against Your Kids – Basketmouth Tells Ned Nwoko, Regina Daniels To Stop Taking Marital Issues PublicNot All Of Them Are Babies – Regina Daniels Hints At Marrying Another Old Man‘Wike Has Disgraced Public Office’ – CSO Knocks FCT Minister Over Clash With SoldiersNyesom Wike’s Appetite For Relevance A National Risk – Edo PDPReasons Senators Wanted To Impeach Akpabio EmergeDollar To Naira Exchange Rate Today, November 12th, 2025Taraba, Plateau Governors Will Soon Leave PDP – Fayose‘It Is All Frustration’ – APC Blasts Babachir For Blaming Muslim-Muslim Ticket Over Attacks On Christians‘If You Are Not Supporting Govt, They Will Catch You For Stealing Dollars’ – Amaechi‘How Can A Public Office Holder Call An Officer A Fool’ – Military Veterans Slam WikeDetails Of Tinubu’s Meeting With COAS Emerge‘Wike Must Tender Apology To Tinubu And Officer Whose Honour Was Violated’ – BurataiPDP Wins All Taraba LG Seats After Opponents WithdrawThis Is Unacceptable, His Uniform Should Be Removed ASAP – Igbokwe Reacts To Soldier’s Confrontation With WikeOnly The Electorate Can Make Such A Statement – APC Fires Back At Adebayo Over Call For Tinubu’s ResignationMilitary Coup: DSS Files Fresh Charges Against NigerianTop Nigerian Newspaper Headlines For Today, Wednesday, 12th November, 2025Nigerian Breweries Falls Below N2trn after Huge Block TradesDangote Cement Falls by 10% in Post-Earnings Sell ActionFirst Holdco Dips Below N1.3trn Amidst Huge Trading VolumeOando Lost Additional 10% as Selling Rallies PersistMoney Market Rates Steady, Banks Boost Deposit at SDF to N3.5trnCadbury Nigeria Loses 10% as Investors Exit PositionsNigeria’s Digital Payment System Reaches a Defining MilestoneStandard Chartered’s Minimum Balance Policy: A Shift with Far-Reaching ImplicationsMTN Nigeria Plunges by 10% to N9.01trn as Sentiment FadesSoftBank Sells Interest in Nvidia for $5.83bn, Dives into AI‘PDP Is Dead Now’ – Fayose DeclaresPensioners Threaten Nationwide Naked Protest Over Unpaid ArrearsFubara Slams Contractor For Slow Progress On Key Rivers Road ProjectYou Have Diminished The Authority Of The Republic – Osita Chidoka Slams Wike Over Clash With SoldiersPlateau Governor Caleb Mutfwang Set To Defect To APCJust In: Super Eagles Boycott Training Over Unresolved Bonus PaymentsToday Your Mum Is Greatly Missed – Phyna Marks Late Sister Son’s First BirthdayHow My Pastor Friend Introduced Me To Yahoo-Yahoo – Comedian DestalkerObaseki Accuses Okpebholo Of Misleading Claims About Benin Museum Project, Demands Apology

Yuan Soars Most In A Month Ahead Of National People’s Congress

Naira
March 4, 2016

With all western eyes firmly focused on US payrolls tomorrow, China is preparing for the biggest leadership gathering of the year this weekend. Offshore Yuan (USDCNH) is soaring (up over 5 handles in the last 24 hours) ahead of The National People’s Congress as PBOC Deputy Governor hinted at support for the currency saying that it isn’t “strictly” pegged to the new basket.

This is the biggest surge in Yuan in a month…

Chart: Bloomberg

Pushing Yuan back to 3-week highs…

Chart: Bloomberg

This is the richest Offshore Yuan has been to Onshore Yuan since 29th Sept…

Chart: Bloomberg

“The currency move is likely a psychological reaction to the National People’s Congress because the market is expecting to hear more comments from top officials stressing the importance of financial stability, curbing outflows and encouraging inflows,” said Tommy Ong, managing director for treasury and markets at DBS Hong Kong Ltd. “It’s unlikely to be any intervention.”

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