Dollar boosted by rate expectations, safe-haven flows as Trump, Xi meetThe US dollar strengthened on Thursday. Higher Treasury yields and safe-haven demand boosted the currency. Investors anticipate Federal Res...
Yuan trades near 10-month high on firm PBOC guidance, Fed outlookThe Chinese yuan is near a ten-month high against the dollar. The People's Bank of China is managing the yuan's appreciation. Analysts sugg...
China's yuan eases to 7-month low on PBOC's weak guidanceChina's yuan eases to a seven-month low against the dollar, set for a sixth straight monthly decline in June. The central bank guides offic...
China's yuan slips to fresh 7-month lows as outflows mountChina's yuan dips to a fresh seven-month low against the dollar due to portfolio outflows and speculation about the central bank's actions.
China's yuan hits 5-month low, strong official fix limits lossesEarlier in the day, the central bank kept a key policy interest rate steady as widely expected when rolling over maturing medium-term loans...
Yuan ends domestic session at weakest since 2007 as outflow pressure buildsOn Friday, the central bank again looked to be shoring up the currency by setting guidance through its daily fixing that was stronger than ...
Yuan weakens past key 7.3/dollar levelThe yuan is also under pressure to fall as aggressive Fed hike bets threaten to widen the US-China yield gap and drive outflows. Moreover, ...
China prepares to tweak yuan fixing process to slow its fall: SourceThe source, who is familiar with the yuan rate-setting process, said monetary authorities were prodding banks to include the so-called coun...
China's offshore yuan falls to two-year low of 7 per dollarThe dollar reached as high as 7.0188 yuan in offshore trade, its highest since July 2020, and was last up 0.35% at 6.9995.
China sets Yuan fixing stronger than expected, soothes nervesChina’s fixing is published every trading day at 9:15 a.m., after a group of 14 lenders submit their rates.
Market watchers see China holding firm on Yuan for rest of JunePBOC has set its daily fixing for the yuan stronger than 6.9 per dollar for four weeks.
Here are the theories why China may be supercharging the yuanAfter meandering in a stable range against the dollar for most of the year, the yuan jumped to 2017 highs.
China considers changing yuan fixing formula to curb swingsPolicy makers may add a “counter-cyclical factor“ to the yuan's daily fixing.
Yuan set to fall slightly this week, underperforms midpointThe yuan slipped for a second day in a row and has mostly underperformed the official midpoint fixing during the week.
China's yuan falls, seen remaining weak in the near termChina's yuan slipped against the dollar after the PBOC, which over the weekend widened the currency's trading band, set a weaker midpoint f...
- Yuan little changed versus dollar after stronger midpoint
The yuan was little changed on Friday after the People's Bank of China set a stronger midpoint to reflect a drop in the US dollar index .
- China’s loan appetite just got bigger
China’s outstanding bank loans surged 15.97% year-on-year in the first five months of the year, further stoking concerns about overheating ...