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It won’t de-throne the dollar, but as cross-border yuan payments surged to a record in March, analysts say there is renewed appetite for a global yuan as aggressive tariffs shake faith in the US ...
SHANGHAI, May 6 (Reuters) - China's yuan finished the domestic trading session at a six-month high against the dollar on Tuesday, underpinned by an unwinding of carry trades and a broader rush out ...
Enterprises are growing more keen on using the yuan in the settlement of international payments – a trend emerging as the safety and credibility of US assets are questioned, according to survey ...
HONG KONG: China’s yuan slipped against the US dollar on Wednesday after the central bank flagged interest rate cuts and a liquidity injection into the banking system, slowing the currency’s ...
SHANGHAI: China’s yuan slipped against the dollar on Friday, as investors headed into the weekend fretting about US President Donald Trump’s capricious tariff policy that has dramatically ...
HONG KONG, - China's yuan strengthened to a one-month high against the U.S. dollar on Tuesday, recouping all the losses inflicted by the Trump administration's latest round of tariffs as Beijing ...
The offshore yuan strengthened and broke past the 7.2 level against the US dollar for the first time since November, signalling an optimistic shift in market sentiment as hopes of a trade war thaw ...
With the U.S. imposing aggressive tariffs on Chinese goods, conventional wisdom suggests that Beijing will retaliate with a sharp devaluation of the yuan to counter the economic shock. But this ...
It could help lenders meet a significantly increased appetite for gold while slowing the pace of yuan appreciation, one of the sources said. The new quotas come at a time when gold has rallied ...
TOKYO -- The yuan has depreciated to the lowest level in a decade against the euro, setting the stage for low-cost Chinese goods to flood the European market and create trade frictions between the ...
The cost to borrow the offshore yuan in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the Chinese currency even as the dollar weakens. The one-month Hong ...
China’s yuan has slumped to the lowest in more than a decade against the euro just as President Donald Trump’s tariff deluge threatens to re-route trade flows from the world’s second-largest ...