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SHANGHAI/SINGAPORE (Reuters) -As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against ...
Some Chinese exporters are speeding up conversion of their dollar income into yuan on bets the worst of the tariff-led loss ...
As China's President Xi Jinping strengthens Southeast Asian ties, the People's Bank of China seizes global trade disruptions ...
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The yuan finished the domestic trading session at 7.2653 per dollar, its strongest close since March 31. It has now recovered all its losses since April 2, when U.S. President Donald Trump ordered a ...
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
The country aims to reduce its reliance on the dollar-based global financial system as it confronts Washington’s aggressive ...
The decision comes amid encouraging first quarter growth figures, with GDP recording a 5.4% rise year-on-year.
why WOULDN’T China devalue its currency to try to soften the blow from US tariffs? The answer is that China has, unequivocally, allowed the yuan to depreciate… just not relative to the US dollar.
A gauge of the offshore yuan’s borrowing cost in Hong Kong dropped to the lowest since data became available in 2013, putting ...
As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People ...
The yuan remains the third worst performing currency in Asia this year behind the Indonesia’s rupiah and the Hong Kong dollar ...