BEIJING, Nov. 24 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 28 pips to 7.0847 against the U.S. dollar Monday, according to the China Foreign ...
USD/CNY inched higher on Wednesday as the yuan softened ahead of key U.S. jobs data that may influence the Feds December ...
Any geopolitical shocks following the interim U.S.-China truce are likely to make the yuan more vulnerable, said Mizuho Securities.
(Bloomberg) -- Never miss an episode. Follow The Big Take Asia podcast today. Talk of de-dollarization has been gaining momentum among China, India, Brazil, Russia and South Africa in the wake of ...
RBC said Chinese authorities appear “biased for a stronger CNY,” with officials guiding the daily fix lower since April to ...
The International Monetary Fund (IMF) just issued a warning to countries converting their dollar loans from China into yuan.
China's stimulus package has boosted market sentiment and pushed the Chinese yuan to a 16-month high. The People's Bank of China cut interest rates and reduced bank reserve requirements. But a strong ...
(Bloomberg) -- China strengthened its yuan fixing by the most since January after the dollar slumped in the wake of Federal Reserve Chair Jerome Powell’s commentary at Jackson Hole. The People’s Bank ...
Some investment houses expect the Chinese yuan to strengthen beyond the psychologically critical 7-yuan-per-dollar mark for ...
With minimal depreciation and more frequent use overseas, the yuan has shown greater resilience in this round of the US trade conflict.