Tag: Yuan

Beijing allowed its currency, the yuan, to weaken to more than 7 per U.S. dollar — which led to the Trump administration labeling China a currency manipulator.
— Read on www.cnbc.com/2019/08/06/us-china-trade-war-currency-manipulator-tag-after-yuan-passes-7-level.html

On Tuesday morning, the People’s Bank of China set the yuan fixing at 6.9683.
— Read on www.cnbc.com/2019/08/06/china-pboc-sets-yuan-midpoint-at-stronger-than-7-per-dollar.html

China let its currency breach a key 7-per-dollar level Monday for the first time since the global financial crisis, a move that could spark further trade conflict with the United States. Ryan Brooks reports.}
— Read on www.reuters.com/video/2019/08/05/chinas-yuan-slides-to-weakest-level-in-a

Leadership could be ‘weaponising’ its currency, says one analyst, as Asia markets sink to six-month low
— Read on www.msn.com/en-ca/money/topstories/chinas-yuan-sinks-amid-fears-beijing-may-give-up-on-us-trade-talks/ar-AAFmnoJ

China let the yuan breach the key 7-per-dollar level on Monday for the first time in more than a decade, in a sign Beijing might be willing to tolerate more currency weakness that could further inflame a trade conflict with the United States.
— Read on www.reuters.com/article/us-china-markets/china-lets-yuan-slide-through-key-7-level-for-first-time-in-decade-as-trade-war-worsens-idUSKCN1UV061

The Chinese yuan crossed a closely watched 7 barrier against the dollar on Monday following a recent reescalation in the trade war between Beijing and Washington.
— Read on www.cnbc.com/2019/08/05/chinese-yuan-moves-against-the-dollar-amid-us-china-trade-turmoil.html

Key InsightsThe reading is slightly higher than the median estimate of $3.09 trillion in a Bloomberg survey of economists “There may be some forex outflow pressure – one piece of evidence was that the renminbi fixing rates came in significantly stronger than the forecasts over the past few weeks,” according
— Read on ca.finance.yahoo.com/news/china-apos-foreign-exchange-reserves-002259788.html