Chinese stocks and the yuan slumped as fears of worsening Sino-American tensions further undermined investor confidence after ...
(Bloomberg) -- Use of the yuan in global payments slumped by the most on record last month, according to transaction data compiled by global financial messaging service Swift. The portion of ...
The rate, which didn’t carry a clear strengthening bias, signals authorities are bracing for further yuan weakness in case US President-elect Trump follows through with his pledge of imposing ...
The US move came on Monday, after the currency fell below 7 yuan to the US dollar for the first time since 2008. Beijing has previously sought to prevent the currency from slipping below the ...