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The decline in Yuan comes as a trade war between the world's two largest economies escalates. US President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, ...
China is guiding the yuan weaker at a carefully orchestrated pace, as the central bank seeks to blunt some of the economic impact of the trade war without destabilizing financial markets.
sign cooperation contracts totaling nearly 4.8 billion yuan (about 665.82 million U.S. dollars). Deals for a total of 18 projects were inked, focusing on key areas such as new energy, new ...
SINGAPORE/HONG KONG – China’s yuan dipped to a fresh 19-month low against the US dollar on April 8 after its offshore counterpart fell to a record low overnight, as investors fretted about an ...
China's yuan ended at its weakest level in more than 17 years on Wednesday after its offshore counterpart fell to a record low overnight, as an escalating Sino-U.S. trade war rattled currency markets.
China’s yuan dipped to a fresh 19-month low against the US dollar today after its offshore counterpart fell to a record low overnight, as investors fretted about an intensifying Sino-US trade war.
Some talk of finding ways to exacerbate the situation, perhaps by strengthening the yuan. This would be quite a gamble. By the time inflation had picked up in America, Chinese industry and supply ...
The rupee weakened to a two-week low of 86.27 against the dollar, influenced by a weaker yuan and a stronger dollar index. Corporate dollar demand increased amid equity market recovery ...
China’s central bank on Wednesday weakened the yuan’s daily reference rate for a fifth straight session. The move came after the offshore yuan on Tuesday slumped to the weakest level since the ...