Yuan Drops Amid Renewed U.S.-China Trade War
Yuan Drops Amid Renewed U.S.-China Trade War as Yen Surges on BOJ Rate Hike Bets
The yuan weakened on Wednesday as escalating U.S.-China trade tensions rattled Chinese markets post-Lunar New Year. The dollar surged over 0.5% against the yuan to 7.2856, despite the Peoples Bank of China (PBOC) setting
Russia said on Wednesday it would boost its sales of Chinese yuan by 17% from Feb. 7 in a move seen as aimed at supporting ...
The HKMA said the facility would provide yuan funding to banks for trade finance using the onshore interest rate – the ...
The yuan eased on Thursday after China sought the World Trade Organization's intervention to rule on new tariffs imposed by U ...
The yuan might still face more downward pressure, Maybank said, adding that China remains the only country that President Trump has allowed tariffs to take effect on, suggesting that China will still ...
China extended its support for the yuan by setting its daily reference rate for the managed currency at a level stronger than 7.2 per dollar, as escalating trade tensions with the US add to the ...
China's central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January.
Asharq Alawsat (English) on MSN3d
Dollar holds ground as tariffs on China kick in but Euro, Yuan, AUD slide"A European Central Bank (terminal rate) repricing down to 1.50%, with the Fed (policy path) unchanged, would take the ...
Shanghai's technology insurance premiums reached 5.06 billion yuan ($690 million) in 2024, providing risk coverage of over 25 ...
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