Global investment banks rush to trim yuan forecasts under …
1 day 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 …
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 …
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 …
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 …
CNY/USD: China Sets Yuan Fix at Weakest Since 2023 - Bloomberg
6 days ago · China slashed the daily reference rate for its currency to a level unseen since late 2023, a sign the central bank is allowing depreciation under the threat of trade tensions with …
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.
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 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 …
China makes major push in its ambitious digital yuan project
Apr 24, 2023 · Public sector workers in an eastern Chinese city are set to be paid fully in digital yuan, as the country makes a significant push to popularize the currency.
China's yuan loans expand amid policy support - 新华网
1 day ago · BEIJING, Nov. 11 (Xinhua) -- China's yuan-denominated loans rose by 16.52 trillion yuan (about 2.3 trillion U.S. dollars) in the first 10 months of 2024, central bank data showed …
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