China Boosts Daily Yuan Support as Dollar Rally Threatens FX
2 days ago · China stepped up its support for the yuan as the managed currency weakened toward a policy no-go area — the edge of its allowed trading range against the dollar.
China’s Central Bank Beefs Up Support As Yuan Nears 16-Month …
Photo: Raul Ariano/Bloomberg News China’s currency has had a rough start to 2025. Since the beginning of December, the yuan has fallen 1.3% against the dollar and is nearing a 16-month low.
CNY/USD: PBOC Taps Record Bill Issuance in Hong Kong to Support Yuan ...
1 day ago · The People’s Bank of China will auction 60 billion yuan ($8.2 billion) of six-month bills in the city on Jan. 15, the Hong Kong Monetary Authority said in a statement. The issuance will ...
CNY/USD: China Maintains Grip on Yuan With Fix Stronger Than …
4 days ago · China Pushes Back Against Yuan Weakness After Last Week’s Slide PBOC-backed newspaper says China determined to stabilize yuan Onshore yuan weakened past 7.3 per dollar level on Friday
Chinese yuan hits strongest level against dollar in over 16 months …
Sep 25, 2024 · China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan...
China's yuan falls against dollar, raising questions about weaker ...
Aug 17, 2023 · China’s yuan has dipped briefly to a 16-year low against the dollar, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a deepening economic slump.
US Dollar Chinese Yuan (USD CNY) News - Investing.com
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China steps in to stem yuan slide, shore up confidence
Jun 27, 2023 · China's monetary authorities took forceful action against a sliding currency for the first time in nearly eight months on Tuesday, with the country's state banks acting to put a floor under the...
China’s battered offshore yuan hits 2-year low against US dollar
Jan 2, 2025 · On the last trading day in 2024, the yuan touched 7.3698 per US dollar and reached its weakest level since October 2022, when the rate surpassed 7.37, according to Chinese financial data provider ...
Asia's central banks face a formidable challenge: An ascendant U.S. dollar
1 day ago · A surge in the dollar has sent Asian currencies reeling, stoking worries over imported inflation and prompting some central banks to intervene in the currency market.