CNY USD: Yuan Rallies Past 7 Per Dollar After China Stimulus …
WEBSep 25, 2024 — 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 ...
Chinese yuan hits strongest level against dollar in over 16 months …
WEBSep 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
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...
PBOC to set up US$71 billion swap facility to prop up stock market
WEBTue, Sep 24, 2024, 5:30 AM 4 min read. The People's Bank of China (PBOC) plans to set up a swap facility that would give non-bank financial institutions access to at least 500 billion yuan (US$71 ...
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...
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.
How China talked markets out of a run on the yuan | Reuters
WEBSINGAPORE, Dec 30 (Reuters) - In recent months, China has sought to stabilise the yuan by orchestrating buying by state banks and giving market guidance to bankers. The strategy of moral suasion...
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.
Chinese yuan: Currency hits record lows against US dollar - BBC
WEBSep 28, 2022 — China's yuan has hit fresh record lows against the surging US dollar. The internationally-traded yuan fell to its lowest level since data first became available in 2011. China's domestic...
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