China Lets Yuan Weaken After Defending 7.3 Per Dollar for Weeks
14 hours ago · The yuan breached the psychological milestone of 7.3 per dollar for the first time since late 2023, amid concerns over China’s economic struggles and a widening bond yield discount to the US.
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 ...
Yuan’s Rally Versus Peers Suggests China’s Defense Can Backfire
15 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 Yuan Weakening Not a Surprise, Says Macquarie’s Wizman
8 hours ago · Thierry Wizman, global FX and interest rates strategist at Macquarie, examines the onshore yuan breaching the 7.3 per dollar for the first time since late 2023. (Source: Bloomberg)
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...
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’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...
Chinese yuan to hit record lows as U.S. tariff threat mounts ...
Nov 28, 2024 · Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of 2025, according to CNBC's calculation of forecasts from 13 institutions....
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.