The Chinese yuan is set to depreciate further against a stronger U.S. dollar — but the question of how far and how fast the yuan will fall largely depend on Beijing's desire to limit volatility ...
China could allow its currency to weaken to offset the impact of US tariffs on the country’s exports, but has so far declined ...
While it has been difficult to interpret the PBOC's plans for the yuan, it has made every effort to contain the currency's weakness, so much so that it stays strong in trade-weighted terms.
(Bloomberg) -- China reaffirmed its support for the yuan after the currency’s slide ... defying speculation it would weaken the so-called fixing. In addition, a PBOC-backed newspaper said ...
The offshore yuan extended losses with regional peers, as China and the US slapped tariffs on each others’ exports as the trade war came to life. The offshore yuan slid as much as 0.3% while ...
There were suggestions the tool was being deployed again as the yuan weakened in mid-2023. One of the latest tools for the PBOC is the so-called foreign exchange reserve requirement ratio that ...
China is walking a tightrope on its currency. Economic fundamentals suggest a weaker yuan, but the specter of capital outflows still haunts Beijing, making it wary of any sharp moves in the currency.
(Bloomberg) -- China has ramped up its support for the yuan with tweaks to its capital controls and a vow to crack down on market disruption, after the currency dropped close to a record low ...
While it has been difficult to interpret the PBOC's plans for the yuan, it has made every effort to contain the currency's weakness, so much so that it stays strong in trade-weighted terms.