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Yuan’s share in global trade finance quadruples to 8% as de-dollarisation continues
By Ben Aris in Berlin The Chinese yuan has increased its role as the currency of choice to settle global trade deals, ...
HONG KONG, Feb 6 (Reuters) - China's yuan held a soft tone on Friday, but remained on track for its longest winning streak against the dollar in nearly 13 years buoyed by strong exports. By 0355 GMT, ...
(Yicai) Jan. 29 -- The Chinese yuan has continued to show strong performance against the US dollar since the start of the ...
Booming exports are pushing up China's currency and while analysts think authorities will resist further gains, risks are to the upside and could test the country's fragile economy.
HONG KONG, Jan 28 (Reuters) - China's yuan touched a new 32-month high against the U.S. dollar on Wednesday after Beijing ...
The Chinese yuan, riding its longest weekly rally in more than a decade, is expected to strengthen further as exporters boost demand for the currency ahead of the Lunar New Year.
BofA Global Research sees the onshore yuan likely ending the third quarter at 6.7 per dollar rather than 6.8 as previously expected.
China has long pushed back against digital currencies, but that might be changing. For years, Beijing’s position on digital assets seemed resolute: cryptocurrencies were a threat to financial ...
Analysts think a major devaluation of China’s currency is unlikely, but Tuesday brought a tiny step in that direction. The People’s Bank of China, the central bank, set its reference rate at 7.2038 ...
A weaker yuan could mean a lot of Chinese capital flow into Bitcoin, according to Bybit’s Ben Zhou. With US President Donald Trump imposing 104% tariffs on Chinese imports, Beijing is responding by ...
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