Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023
WEB3 days ago · Yuan gains could extend if greenback weakness drives Chinese exporters to repatriate some of their large dollar holdings into the local currency.
Offshore Yuan Weakens Slightly After China’s Latest Monetary …
WEB1 day ago · The offshore yuan weakened slightly against the U.S. dollar in the early morning Asian session after China’s latest monetary-easing measures.
Chinese yuan hits strongest level against the dollar in over 16 …
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...
China's yuan continues upward climb after Beijing's stimulus roll-out
WEB3 days ago · The Chinese yuan jumped to its highest level in over a year on Wednesday, following a series of heavyweight policy moves from its central bank a day earlier and an interest-rate cut from the US...
Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023
WEB3 days ago · (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 Federal Reserve rate cut kept the dollar on the back-foot.
China's FX conundrum mutes stimulus optimism: McGeever
WEB1 day ago · The offshore yuan has scaled the 7.00 per dollar barrier for the first time since January 2023. This latest whoosh makes more sense. Investors are betting that Beijing is finally taking the ...
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...
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.
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...
The Chinese yuan surged to a 16-month high, but Beijing may not …
WEB3 days ago · 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 ...
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