Chinese yuan surged to a 16-month high
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 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.
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.
Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus
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 continues upward climb after Beijing's stimulus roll-out
The Chinese yuan jumped to its highest level in over a year on Wednesday, following a series of heavyweight policy moves from its central bank a day earlier and an interest-rate cut from the US Federal Reserve last week,
Dollar Weakens as the Yuan Rallies on Chinese Stimulus Measures
The dollar is under pressure today after China boosted stimulus measures, which fueled a rally in the yuan to a 16-month high against the dollar. The dollar extended its losses today after the Conference Board’s US Sep consumer confidence index unexpectedly declined.
Yuan Hits 16-Month High Amid New Stimulus Measures
China's yuan reached a 16-month high against the U.S. dollar following new stimulus measures from China's central bank, including a 50 basis point cut in banks' reserve requirement ratios. The U.S. dollar declined due to soft consumer data,
Shanghai unveils 500-million-yuan voucher plan to boost consumption after stimulus package
E-coupons will offer anyone in Shanghai discounts on a wide range of purchases, from hotels and movies to restaurants and ...
US sanctions on Russia double yuan and rouble trading in Kazakhstan
Russian banks and companies are increasingly choosing Kazakhstan for currency operations required to make payments to China ...
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The central bank is advising lenders ...
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China conducts 300-billion-yuan MLF at lower interest rate
BEIJING - China's central bank on Wednesday conducted a 300-billion-yuan ($42.73 billion) medium-term lending facility (MLF) ...
Euro firms against dollar, yuan jumps on China's stimulus boost
The euro rose slightly against the dollar on Wednesday while the yuan hit its strongest level in over a year, as China's ...
China's big-bang stimulus boosts yuan; Aussie firms after RBA
The Australian dollar hovered close to its highest level this year on Tuesday, with the central bank set to hold policy ...
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 ...
Rupee to resume rise on yuan-led Asia rally, Fed outlook
The Indian rupee is expected to open higher on Wednesday, boosted by the broad uptick in Asian peers in the wake of China's ...