The question of how far and quickly the yuan will fall depends on Beijing's resolve in countering Donald Trump's tariffs with stimulus measures.
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump's administration.
As China's economy struggles, officials in Beijing have the arduous task of formulating a policy response that can ensure sustainable growth in what promises to be a challenging year ahead.
China has ramped up its support for the yuan with tweaks to its capital controls and a vow to crack down on market disruption, after the currency dropped close to a record low against the dollar in offshore trading.
Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.
Asian markets were mixed Friday as data showing China's economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector.
Most Asian markets extended a global rally Wednesday as investors gave a cautious welcome to Donald Trump's first full day in office amid hopes he will take a more cautious approach on trade than initially feared.
Hang Seng jumps 2% on China’s stimulus and upbeat US-China talks. Tech stocks soar as optimism drives investor sentiment.
Treasuries gained, while China stocks saw a small decline when markets opened in Asia. Read more at straitstimes.com.
The central bank's pledge to increase reserve holdings of the Hong Kong dollar shows a commitment to the city's financial hub status China's central bank chief Pan Gongsheng promised to park more of the country's US$3.
Trump will call for a study of tariff policies, rather than immediately impose them on China, Canada and Mexico. Follow updates here.
As the world braces for Donald Trump’s return, uncertainty looms over the future of the international geopolitical landscape. While Africa has historically been a peripheral focus for the United States (US), South Africa has increasingly drawn Washington’s ire for its perceived antagonistic foreign policy positions.