China’s march to strong yuan is long and perilous | Reuters
WEB2 days ago · And China is also working to expand the yuan's role in digital currency and commodity trading. For the first nine months of last year, nearly 1.5 trillion-yuan worth of cross-border bulk commodity ...
Chinese yuan hits strongest level against dollar in over 16 months …
WEB3 days ago · 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 ...
Beijing directs fiscal firepower at itself | Reuters
WEB1 day ago · China plans to issue special sovereign bonds worth about 2 trillion yuan this year as part of a fresh fiscal stimulus, Reuters reported on Sept. 26, citing two sources with knowledge of the matter.
Offshore Yuan Weakens Slightly After China’s Latest Monetary …
WEB1 day ago · 0048 GMT — The offshore yuan weakens slightly against the U.S. dollar in the early morning Asian session after China’s latest monetary-easing measures. China’s central bank cut the 7-day ...
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...
China’s yuan continues upward climb after Beijing’s stimulus roll …
WEB3 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 ...
Impending expiry of U.S. sanctions licence threatens Russia's yuan ...
WEB2 days ago · The yuan, which hit a near-one-year high against the rouble on Wednesday, has become the most traded foreign currency in Moscow since Russia's decision to send troops into Ukraine in February 2022 ...
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.
After battle with yuan bears, China is now keen to avoid sharp …
WEBAug 25, 2024 · Foreign companies operating in China, domestic exporters and investors have swapped yuan for dollars to earn better returns in what is known in market circles as the yuan carry trade.
China Weighs Injecting $142 Billion of Capital Into Top Banks
WEB2 days ago · September 25, 2024 at 9:56 PM EDT. Save. China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the ...