Any geopolitical shocks following the interim U.S.-China truce are likely to make the yuan more vulnerable, said Mizuho Securities.
Increasing yuan-borrowing overseas can be coordinated with the trend of Chinese firms expanding industrial supply chains ...
China pushes yuan globalisation with cheaper borrowing, wider offshore access, and expanded panda bond markets.
Some investment houses expect the Chinese yuan to strengthen beyond the psychologically critical 7-yuan-per-dollar mark for ...
The International Monetary Fund has warned of currency risks arising for nations such as Kenya and Ethiopia that are swapping ...
Markets are stabilizing after Monday's selloff, but concerns are shifting to the Chinese yuan. Some analysts are warning of potential yuan carry trade unwind. Japan's interest-rate hike triggered a ...
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 ...
Russia may not be able to rely on the Chinese currency as initially hoped, as Beijing's banks are forced to comply with U.S. sanctions imposed on Russian President Vladimir Putin's economy in response ...
Analysts think a major devaluation of China’s currency is unlikely, but Tuesday brought a tiny step in that direction. The People’s Bank of China, the central bank, set its reference rate at 7.2038 ...
China’s central bank vowed to further encourage financing in the yuan by overseas entities, betting cheap borrowing costs and increased demand for the currency offshore will be crucial drivers for its ...