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YUAN EXCHANGE RATE
Global Market: Yuan strengthens as dollar retreats; China pushes back against undervaluation claimsThe Chinese yuan strengthened against the US dollar as the greenback retreated from an 18-month high. Beijing defended its currency policy ...- China has no need or intention to weaken yuan for trade edge, central bank saysChina's central bank stated it does not intend to depreciate the yuan for competitive trade advantages. It emphasized that the market plays...
- Global Market: China gold reserves rise for 23rd straight month, forex reserves fallChina’s central bank raised its gold holdings for the 23rd consecutive month in September, underscoring its efforts to diversify reserves a...
- Global Market: Chinese stocks struggle near one-year lows as policy support disappointsChinese blue-chip stocks stayed near one-year lows despite Beijing’s latest credit, mortgage and investment support measures. The CSI 300 w...
- Global Market: Yuan heads for seventh straight quarterly gains as exporters boost dollar salesChina’s yuan strengthened against the dollar, heading for its seventh straight quarterly gain, supported by exporter dollar selling, strong...
- Dollar set for September rise, mainly at euro's expenseThe dollar is close to a yearly high against the euro, driven by strong US economic growth. Concerns around energy supplies and debt in Eur...
- Dollar hold near two-month peak as yields rise, Fed data loomsThe dollar remained stable near a two-month peak while traders closely monitored upcoming US economic reports. Oil prices experienced a sli...
- China's DeepSeek annualised revenue run rate hits $1 billion: ReportThe figure underscores the rapid growth of the AI company that shook the tech industry last year after its models challenged US assumptions...
- Global Market: Chinese yuan dips as dollar gains on Fed hike bets; Trump-Xi talks eyedChina’s yuan weakened against the US dollar as expectations of a near-term Federal Reserve rate hike lifted the greenback, while investors ...
- Global Market: Yuan slips as PBOC signals caution on currency appreciationChina’s yuan weakened Wednesday after the PBOC set a weaker midpoint, ending a 10-session streak of stronger guidance. Rising trade tension...
- Global Market: Yuan climbs to strongest level since 2023 as Xi-Trump talks loomChina’s yuan climbed to a 3-1/2-year high against the dollar after the central bank set a stronger daily fixing for the 10th straight sessi...
- Global funds, same tech bet? The diversification trap Indian investors may missMany Indian investors mistakenly believe they diversify their portfolios by adding foreign countries. However, numerous global indices ofte...
- Charting the global economy: Fed officials raise interest ratesThat marks the shortest interval between such moves since 1990, when the central bank’s rapid policy tightening played a key role in bursti...
- Global Market: Yuan hits 4-year high as traders bet on further gainsChina’s yuan strengthened to four-year highs against the dollar, supported by strong exports, exporter dollar conversions and expectations ...
- Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...
- China may have found a way to tackle glut in car marketTwo state-owned cos, which make Toyota models, plan to combine ops in a sign that car sector is headed for consolidation.
- Dollar girded by bets on a US hiking cycleOn Wednesday, the dollar maintained its recent strength against leading currencies as traders eagerly awaited the Federal Reserve's anticip...
- Global Market: Hong Kong launches offshore Chinese government bond futures to boost Yuan internationalisationHong Kong has launched the world's first offshore Chinese government bond futures, providing global investors with a new tool to hedge inte...
- China hits back at US pressure on yuanChina's Foreign Ministry on Monday hit back at fresh calls by the United States for Beijing to let the yuan currency rise in value, saying ...
- Obama presses Hu on yuan exchange rateUS President Barack Obama on Monday called on China's President Hu Jintao to adopt a more "market-oriented" exchange rate for the yuan, a s...
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