Geopolitical tensions and tariffs will likely push China to devalue its currency, making USD:CNY a profitable trade. Read ...

A pilot scheme enabling insurers to purchase equities will be launched in the first half of 2025, with an initial scale of at least 100 billion Yuan ... Chinese Economy impact the Australian Dollar?

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

The renminbi remained under pressure last week after the US imposed new tariffs on Chinese goods, risking a prolonged trade ...

What is your sentiment on CNY/USD?

Currency traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting ...

At midday on Tuesday, the offshore yuan was trading at around 7.269 per US dollar. On Tuesday, the People’s Bank of China set the midpoint rate – also known as the fixing rate – at 7.1703 ...

China’s central bank set a stronger-than-expected fixing rate for the yuan against the US dollar on Wednesday, signalling that China does not plan to offset the impact of US tariffs by allowing ...

The dollar is already elevated at current levels around 7.3 yuan, and "to break this level significantly higher is not realistic," said Ju Wang, head of Greater China FX and rates strategy at BNP ...

That means market watchers are bracing for a weaker yuan, even lower yields and slim pickings in a beaten-down stock market. China’s currency has dropped over 5% against the dollar since a late ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.