Geopolitical tensions and tariffs will likely push China to devalue its currency, making USD:CNY a profitable trade. Read ...
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 13 pips to 7.1706 against the U.S.
Chinese banks extended 5.13 trillion yuan ($706.40 billion) in new yuan loans in January, up sharply from December, outpacing ...
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 9 pips to 7.1719 against the U.S. dollar ...
The Hong Kong Monetary Authority (HKMA) said it would launch a 100 billion yuan (US$13.7 billion) funding facility at the end ...
China's yuan reached a three-week low against the dollar amid escalating global trade tensions. U.S. President Trump's increased tariffs on steel and aluminum imports have pressured the yuan and other ...
Outstanding renminbi loans in the Hong Kong market reached 724 billion yuan ($99.32 billion) by the end of 2024, marking a 64 ...
The renminbi remained under pressure last week after the US imposed new tariffs on Chinese goods, risking a prolonged trade ...
China’s offshore yuan has solidified its position as a widely tapped currency in institutional and corporate financing on the ...
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USD/CNY declined on Thursday as Chinas yuan rebounded from a three-week low, boosted by peace hopes in Ukraine and a stronger ...
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