China Lets Yuan Weaken After Defending 7.3 Per Dollar for Weeks
16 hours ago · The yuan fell to breach the psychological milestone of 7.3 per dollar for the first time since late 2023, amid concerns over China’s economic struggles and the nation’s widening yield discount ...
Yuan’s Rally Versus Peers Suggests China’s Defense Can Backfire
17 hours ago · China’s ironclad grip on the onshore yuan is leading to an unintended side effect. In a potential pitfall for exporters, the yuan has surged to the strongest level since October 2022 versus a ...
China Faces First FX Test of 2025 With Yuan’s Red Line in Focus
1 day ago · China is keeping its hand firmly on the yuan, supporting the currency via the official daily reference rate after it slid to the weakest level since 2022 at year-end in offshore trading.
Exclusive: Chinese authorities are considering a weaker yuan as …
Dec 11, 2024 · The yuan, or renminbi (RMB) as it is sometimes known, has struggled since 2022, weighed down by an anaemic economy and a drop in foreign capital inflows into China's markets.
China currency: Yuan - South China Morning Post
Nov 18, 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
Jun 21, 2024 · 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 recovery in their home markets and...
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's yuan falls against dollar, raising ... - Associated Press News
Aug 17, 2023 · China’s yuan has dipped briefly to a 16-year low against the dollar, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a deepening economic slump.
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 yuan hits 2-year low, Asian currency pressure rises, as US ...
1 day ago · The onshore yuan has remained relatively steady, testing the 7.3 level multiple times last month without breaking it, according to Wind. On Thursday morning, the People’s Bank of China set the ...