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.

Yuan pressured by depreciation expectations; long-term yields fall to record lows By Summer Zhen December 11, 20248:47 PM PSTUpdated December 11, 2024 ...

The yuan, or renminbi as it is also known, has been languishing near 16-month lows against the dollar for days and has fallen for three straight years. It was near record highs of 6.3 per dollar ...

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 ...

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 ...

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.

A weaker yuan against the dollar may only give China’s exports a modest boost and Beijing will push to moderate the currency’s decline, according to UBS Group AG.

China's new bank lending likely pulled back sharply in April from strong levels the previous month, but is still expected to be much higher than a year earlier as Beijing urges lenders to help ...