Dollar rally pauses; yuan slides to 16-month low By Reuters
By Rae Wee SINGAPORE (Reuters) -The dollar eased on Monday but held close to a two-year peak, as traders awaited a raft of U.S. economic...
Tag : Yuan
China to lower dollar, euro and yen weightings in CFETS yuan basket in 2025 By Reuters
SHANGHAI (Reuters) – China will adjust the weightings of its yuan CFETS basket in 2025, the country’s foreign exchange trade platform said on Tuesday. From...
Asia FX slips against strong dollar, Chinese yuan hits 17-yr low despite PBoC aid By Investing.com
Investing.com– Most Asian currencies weakened on Monday as the dollar hovered near a two-year high, while the Chinese yuan dropped to a 17-year low, slipping...
The Chinese yuan is a key spot to watch as the new year looks to get up and running
A stronger fix today here isn’t really too encouraging, with USD/CNY continuing to push higher on the day. The pair is now trading just under...
China financial media says PBoC statement sends stronger signal on stable yuan FX rate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and...
PBOC is set to issue a record volume of offshore yuan bills in Hong Kong this month
A bit more on that earlier report from Financial News in China: The People’s Bank of China (PBOC) is set to issue a record volume...
All eyes on the PBoC yuan reference rate today – will it be above 7.20?
Bloomberg (gated) ask the question: The yuan weakening past a level that China had been defending throughout December has returned the spotlight to its daily...
China’s services PMI data due: What to expect & how its likely to impact equities and yuan
The Caixin/S&P Global China General Services PMI is scheduled for release today, January 6, 2025, at 01:45 UTC, which is January 5 2045 US Eastern...
RBC forecasts a much weaker yuan in 2025, project USD/CNY to 7.55 by year end
RBC projects the USD/CNY exchange rate to rise to 7.55 by year-end. Analysts at the bank cite: weak economic prospects for China, the economy remains...
ICYMI: China has adjusted its yuan basket weightings for this year
This builds from Eamonn’s post earlier: The yuan has hit its highest since mid-October 2022 (using its trade-weighted value) According to the CFETS, which is...