Tag: Yuan

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

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

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

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

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

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

(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