Issuance could approach US$140 billion as a firmer renminbi, low funding costs and policy support boost demand for offshore ...
China's central bank sets the yuan's midpoint rate at its strongest level since mid-2023, as jitters over the US dollar buoy ...
Chinese leader Xi Jinping has called for the Chinese yuan to become a global reserve currency, perhaps capitalizing on the dollar’s decline over the past year. Over the weekend, the ruling Communist ...
India's retail inflation is on an upward trajectory, while China has seen bouts of consumer-price deflation, keeping its real effective exchange rate competitive despite the yuan's advance.
HONG KONG, Jan 28 (Reuters) - China's yuan touched a new 32-month high against the U.S. dollar on Wednesday after Beijing guided its currency higher as global greenback selling intensified while ...
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, ...
China banned unauthorized yuan-pegged stablecoins and related tokenized assets to protect monetary sovereignty.
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.