RBC said Chinese authorities appear “biased for a stronger CNY,” with officials guiding the daily fix lower since April to ...
Tim Geithner’s decision to delay the US Treasury Department’s biannual report on international economic and exchange rate policy, originally scheduled for release on April 15, probably helped avert a ...
BEIJING, Nov. 12 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 33 pips to 7.0833 against the U.S. dollar Wednesday, according to the China Foreign ...
Wang Qing, chief macroeconomic analyst with Golden Credit Rating, said that the renminbi's exchange rate has fallen below the ...
BEIJING, Nov. 10 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 20 pips to 7.0856 against the U.S. dollar Monday, according to the China Foreign Exchange ...
PBOC Said to Conduct Survey on Weak USD, RMB Exchange Rate, Other Issues with Financial Institutions
The People's Bank of China (PBOC) last week inquired several financial institutions about their views on the recent weak USD and USD depreciation, as well as their outlook on t... The People's Bank of ...
The US-China trade war centers on the dollar/renminbi exchange rate, with China’s massive USD debt creating systemic risks. A strong dollar exacerbates China’s vulnerabilities, pressuring USD debt ...
: the previous day’s closing price and the ‘theoretical renminbi exchange rate against the US dollar that will keep the index of a currency basket unchanged over the past 24 hours’. So what is this ...
During the last three trading days, the daily benchmark, or the central parity rate of renminbi (RMB) against US dollar, dropped 387 basis points. The daily benchmark hit the highest of 7.6398 yuan on ...
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