PBOC Sticks With Yuan Support In Face of Resurgent Dollar
1 day ago · The People’s Bank of China set the so-called yuan fixing at 7.1966 per dollar, about 359 pips stronger than the average estimate in a Bloomberg survey. On Wednesday, the gap between the fixing ...
Global investment banks rush to trim yuan forecasts under …
2 days ago · An average of six investment banks' forecast projects the yuan weakening about 1.5% to 7.3 per dollar through the end of 2025. In comparison, the yuan depreciated by 5% in the initial round of U.S ...
China announces $1.4 trillion package over five years to tackle …
Nov 8, 2024 · China on Friday announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems, while signaling more economic support would come next year. The ...
Chinese yuan hits strongest level against dollar in over 16 months …
Sep 25, 2024 · China’s yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan...
China’s march to strong yuan is long and perilous | Reuters
Sep 25, 2024 · Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. dollar, Beijing is trying to get the renminbi more widely accepted in global...
China currency: Yuan - South China Morning Post
Oct 25, 2024 · Latest news on the Chinese yuan, also known as the renminbi, including the impact of the US-China trade war on the Chinese Communist Party's currency policies.
Cash is leaving China again, pressuring yuan | Reuters
SHANGHAI/SINGAPORE, June 21 (Reuters) - A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate...
Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023
Sep 25, 2024 · Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023. PBOC sets yuan reference rate in line with estimates; Central bank warned against one-way moves in yuan on Tuesday
Yuan Rises to Highest Since May as Short Carry Trades Abandoned
Aug 2, 2024 · China’s yuan climbed to its strongest since May as traders walked away from bearish bets amid a rebound in regional currencies and stronger prospects for US interest-rate cuts.
China sets yuan reference rate to 14-month low as Trump win …
1 day ago · The onshore and offshore yuan regained some ground on Wednesday after dropping below the 7.23 and 7.24 mark, respectively. With the US dollar index rising to its highest level since early July ...