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China Lets Yuan Weaken
China Lets Yuan Weaken After Defending 7.3 Per Dollar for Weeks
The onshore yuan weakened past a level that China had been defending throughout December, opening up room for the managed currency to drop further amid a sluggish economy.
The Impossible Trinity: Why China’s Yuan May Never Replace the US Dollar
Have you ever heard of the Impossible Trinity? Don’t worry if you haven’t - it’s one of those hidden rules in economics that rarely gets talked about. But don’t let that dissuade you, because it shapes the global economy in a big way,
China Lets Yuan Weaken, Falling Below 7.3 Per Dollar
The onshore yuan breached the psychological milestone of 7.3 per dollar for the first time since late 2023, weakening past a level that China had been defending throughout December. Bloomberg MLIV's Nour Al Ali has more.
China’s Offshore Yuan Falls to Lowest Since 2022 in Thin Trading
The offshore yuan tumbled sharply on Tuesday, briefly falling to the lowest level against the US dollar in more than two years, before paring the decline.
7h
Is China deliberately letting the yuan tank against the US dollar? What is Beijing's strategy?
The value of the yuan has tanked despite the central bank’s seemingly continued efforts to support the currency. With a ...
1d
on MSN
China will only make yuan adjustments once U.S. tariffs are announced: Strategist
Sim Moh Siong, Currency from Bank of Singapore discusses the implications from Trump's incoming tariffs on Asian currencies.
15h
Yuan’s Rally Versus Peers Suggests China’s Defense Can Backfire
China’s ironclad grip on the onshore yuan is leading to an unintended side effect that would hinder its push to reinvigorate ...
1d
on MSN
How does PBOC’s yuan fixing impact global FX markets?
The PBOC’s daily yuan fixing influences global FX markets, impacts trade balances, and shapes currency trends across Asia and ...
4d
Rupee slips to record closing low on weaker yuan, broad-based dollar bids
The Indian rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese ...
4d
on MSN
China’s Record Dividend Payout Intensifies Pressure on the Yuan
China’s ambitious campaign to revive its flagging stock market has made the yuan an unintended casualty, with record dividend ...
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8h
CPC allocates 384m yuan to assist Party members in difficulty
BEIJING -- The Organization Department of the Communist Party of China Central Committee has allocated 384 million yuan ...
3d
on MSN
China to lower dollar, euro and yen weightings in CFETS yuan basket in 2025
China will adjust the weightings of its yuan CFETS basket in 2025, the country's foreign exchange trade platform said on ...
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