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The renminbi remained under pressure last week after the US imposed new tariffs on Chinese goods, risking a prolonged trade ...
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1716 as compared to the previous day's fix of 7.1707 and 7.3067 Reuters estimates.
China could allow its currency to weaken to offset the impact of US tariffs on the country’s exports, but has so far declined ...
The central parity rate of the yuan, strengthened 6 pips to 7.1885 against the US dollar Monday, according to the China Foreign Exchange Trade System. "The current fluctuations in the yuan ...
China’s central bank has mounted a stronger defence for the yuan and the domestic foreign exchange market ... has depreciated quickly against the US dollar. “This move can go some way in ...
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the U.S. dollar ...
The ultimate goal of China's exchange rate reform is to make the yuan a fully convertible currency, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday. There is no ...
China's central bank set a stronger-than-expected fixing rate for the yuan against the US dollar on Wednesday ... in determining the onshore yuan's exchange rate, as the PBOC only allows trading ...