China's yuan briefly plunged as much as 1.4% against the US dollar on Wednesday when early results showed Trump in a competitive race with former Vice President Joe Biden, who had been favored to ...

Spot yuan opened at 6.5801 per dollar and was changing hands at 6.5851 around 4:30 pm (0830 GMT), 0.05 percent softer than the previous close.

The U.S.-China agreement to reduce reciprocal tariffs has lifted sentiment around the yuan, which is up 0.6% so far this month. In contrast, the Indian rupee has underperformed, declining 1.1%.

Prior to the market's opening, the People's Bank of China set the midpoint rate CNY=PBOC, around which the yuan is allowed to trade in a 2% band, at 7.1064 per U.S. dollar, 46 pips weaker than the ...

The onshore yuan fell to a 2024 low of 7.2304 in that move; there may have been a contested trade at 7.2400 that was subsequently cancelled.

Chinese Stocks, Yuan Fall on Trump Plans, Stimulus Letdown Trump’s potential cabinet picks hurt investor sentiment HSCEI gauge falls more than 3% in its worst day in a month ...

The onshore benchmark CSI 300 Index slid 1.1%. The offshore yuan fell as much as 0.4% to 7.2534 per dollar, the weakest in more than three months.

The People's Bank of China (PBOC) again surprised markets by setting the official midpoint rate on the yuan, also known as the renminbi (RMB), at 6.5646 per dollar, the lowest since March 2011.

China's yuan will continue to fall against the dollar as Beijing eyes rate cuts to revive the economy, Goldman Sachs says By Filip De Mott Future Publishing/Getty Images May 22, 2023, 10:55 AM PT ...

The Chinese currency (the yuan) will no longer be pegged to the U.S. dollar, but now will be linked to a “basket” of foreign currencies. Which currencies are in the basket was not ...