Chinese yuan hits strongest level against the dollar in over 16 …
WEB5 days ago — China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
China's yuan continues upward climb after Beijing's stimulus roll-out
WEB5 days ago — On Wednesday morning, the offshore yuan rallied to break the 7 per US dollar threshold for the first time since May 2023. The People's Bank of China set the fixing rate at 7.0202 per US dollar on ...
Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023
WEB5 days ago — ANZGY. (Bloomberg) -- The yuan rallied past the 7 per dollar milestone for the first time in 16 months as investors digested a raft of measures to support the Chinese economy and the recent ...
Cash is leaving China again, pressuring yuan | Reuters
WEBSHANGHAI/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 steps in to stem yuan slide, shore up confidence
WEBSHANGHAI/BEIJING, June 27 (Reuters) - China's monetary authorities took forceful action against a sliding currency for the first time in nearly eight months on Tuesday, with the country's state...
Yuan Rises to Highest Since May as Short Carry Trades Abandoned
WEBAug 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.
The Chinese yuan surged to a 16-month high, but Beijing may not …
WEBChina'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 ...
Yuan Seen Extending Rally to Approach Key 7 Level by Year-End
WEBNov 21, 2023 — The yuan may rally to approach the 7-per-dollar level over the next few weeks as bets that the dollar has peaked and a potential turnaround in the Chinese economy add support, analysts said.
China Allows Yuan to Drop as Outflows, Dollar Test PBOC’s Grip
WEBMay 23, 2024 — China signaled its permission for the yuan to weaken against the dollar, as a jump in capital outflows and a resilient greenback pressured the central bank into loosening its grip.
China currency: Yuan - South China Morning Post
WEBSep 11, 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.