Global investment banks rush to trim yuan forecasts under …
23 hours 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 initial round of U.S ...
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 Chinese offshore yuan...
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 any immediate...
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...
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 the US under a ...
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 on Tuesday
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 cuts.
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 on Monday. China has adopted a series of pro-growth policies, which have not only stabilized social expectations, but also boosted market confidence, accelerated ...
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