China's Central Bank Halts Bond Purchases to Support Yuan
On Friday, China's central bank took steps to support the yuan, which has been losing ground, with its depreciation being viewed as a potential tailwind for bitcoin (BTC). The People's Bank of China announced that it will stop purchasing government bonds this month as their demand now overshadows the supply.
China stepped up its support for the yuan as the managed currency weakened toward a policy no-go area — the edge of its ...
China's yuan fell to a 16-month low on Wednesday, pressured by a strong dollar and tariff threats from U.S. President-elect ...
China’s yuan initially firmed on Friday after the central bank said it would suspend treasury bond purchases, triggering a jump in bond yields, but later fell back to fresh 16-month lows. The People’s ...
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The PBOC’s daily yuan fixing influences global FX markets, impacts trade balances, and shapes currency trends across Asia and ...
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Yuan funding costs in Hong Kong surged to levels unseen in years, signaling concern that Beijing’s efforts to stabilize the ...
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