China, yuan and Beijing
Dollar hits 14-month low against euro, yuan dips
The dollar hit a 14-month low against the euro on Wednesday as traders bet that the Federal Reserve will make another large rate cut at its November meeting on weakening labor optimism, while the yuan eased on growing doubts about the impact of a new round of Chinese stimulus.
Chinese yuan hits strongest level against the dollar in over a year
China’s yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
Yuan Surges to 16-Month High Amid New Stimulus in China
China's yuan reached a 16-month high against the USD following new stimulus measures by its central bank, which included a cut in reserve requirement ratios for banks and eased mortgage repayments. This move contributed to a decline in the dollar index,
China's yuan surges to 16-month peak on new stimulus measures
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines against other major currencies after soft data on the consumer.
China’s yuan hit a 16-month high against US Dollar
China's yuan (CNY) hit a 16-month high against the US Dollar (USD) on Tuesday, after the central bank of the world's second-largest economy
Chinese yuan hits strongest level against the US dollar in 16 months
China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy yesterday. The Chinese offshore yuan strengthened briefly to 6.
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar level since May 2023.
China’s yuan continues upward climb after Beijing’s stimulus roll-out
The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s central bank.
Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023
The yuan rallied past the 7 per dollar milestone for the first time in 16 months as investors digested a raft of measures to ...
Euro firms against dollar, yuan jumps on China's stimulus boost
The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two ...
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Dollar Slump as Traders Eye Fed Rate Cuts Amid Labor Market Concerns
The dollar hit a 14-month low against the euro as traders anticipate another large rate cut by the Federal Reserve at its ...
The Globe and Mail47s
Dollar Recovers Early Losses on Better-Than-Expected US New Home Sales Report
The dollar today initially moved lower due to the strength in the Chinese yuan, which rallied to a 16-month high today on the heels of government actions this week to boost stimulus measures. Also ...
Business Recorder9h
China’s yuan briefly crosses key 7 per dollar as market cheers stimulus
SHANGHAI: China’s yuan rose to a fresh 16-month high on Wednesday and briefly crossed the key 7-per-dollar level offshore, ...
Interest Rate Divergence Weakens Dollar To 17-Month Low Against Yuan: XPeng, Li Auto Among 4 Stock Movers
The U.S. dollar fell to a 17-month low against the Chinese yuan as the Fed cut rates and the PBoC held theirs, highlighting ...
Asian Stocks, Yuan Rise on Optimism About China: Markets Wrap
Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh ...
Rupee ends higher; uptick in Asia FX, state-run banks' dollar sales help
The Indian rupee rose on Wednesday tracking most of its regional peers which were boosted by a rally in the Chinese yuan, ...