As the U.S. dollar weakens, Chinese authorities are pushing back against yuan strength and trying to keep it in a weaker range.
— Read on www.cnbc.com/2021/06/03/china-sets-yuan-rmb-weaker-vs-us-dollar-for-first-time-in-a-week.html
Tag: Yuan
Dollar loses out, yuan soars amid doubts about U.S. economy
Dollar loses out, yuan soars amid doubts about U.S. economy
— Read on www.msn.com/en-ca/money/topstories/dollar-loses-out-yuan-soars-amid-doubts-about-u-s-economy/ar-BB18cZPY
China cryptocurrency may trigger globalization of yuan
China’s plans for a digital currency could serve as a “foundation” for the yuan’s internationalization, allowing it to be distributed across the globe, says Circle’s Jeremy Allaire.
— Read on www.cnbc.com/2019/09/13/chinas-new-cryptocurrency-and-yuan-rmb-internationalization.html
China’s yuan on course for worst month since 1994: Morning Brief
Top news and what to watch in the markets on Friday, August 30, 2019.
— Read on ca.finance.yahoo.com/news/chinas-yuan-on-course-for-worst-month-since-1994-morning-brief-100518847.html
China economy: How PBOC controls the yuan (RMB) amid trade war
Unlike other major currencies such as the U.S. dollar or the Japanese yen, which are allowed to free float in the market, China maintains a strict control of the yuan’s exchange rate on the mainland.
— Read on www.cnbc.com/2019/08/28/china-economy-how-pboc-controls-the-yuan-rmb-amid-trade-war.html
People’s Bank of China sets yuan midpoint at 7.0211 on Monday
The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than the previous session.
— Read on www.cnbc.com/2019/08/12/peoples-bank-of-china-sets-yuan-midpoint-at-7point0211.html
The big reason China won’t let the yuan go into free fall against the dollar has to do with Japan and Europe – MarketWatch
China doesn’t want a new front in its trade war with the U.S.
— Read on www.marketwatch.com/story/the-big-reason-china-wont-let-the-yuan-go-into-free-fall-against-the-dollar-has-to-do-with-japan-and-europe-2019-08-08
Explainer: How does China manage the yuan, and what is its real value? – Reuters
The U.S. government’s decision to label China a currency manipulator after Beijing allowed the yuan to weaken past the symbolic 7-per-dollar level has raised questions about how tightly managed the currency is, and its true value.
— Read on www.reuters.com/article/us-usa-trade-china-yuan-explainer/explainer-how-does-china-manage-the-yuan-and-what-is-its-real-value-idUSKCN1UZ0JN
China PBOC sets yuan midpoint at 6.9996 per dollar on 7 August 2019
China’s central bank set the official midpoint reference for the yuan at 6.9996 — stronger than 7 per dollar on Wednesday — two days after Washington labeled Beijing a currency manipulator.
— Read on www.cnbc.com/2019/08/07/china-pboc-yuan-midpoint-on-7-august-2019.html
China Capital-Flight Fears Hang Over Yuan After Slide Past 7
(Bloomberg) — The retreat in China’s yuan to levels unseen since 2008 threatens to revive concerns about the capital flight back then that helped spur the country to spend $1 trillion of its reserves.For all its perceived success in tightening regulations and strengthening scrutiny of funds moving abroad
— Read on ca.finance.yahoo.com/news/fears-china-capital-flight-hang-160935169.html