China will fight back if President-elect Donald Trump follows through on his promise to impose a 60% tariff on Chinese ...
China moved to support the under-pressure yuan for a second day, through its daily reference rate for the managed currency.
China’s yuan was steady on Monday as the dollar’s furious rally took a breather, while the Chinese central bank renewed its ...
China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald ...
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never ...
On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1907, as compared to Friday's fix of 7.1992 and 7.2312 Reuters estimates.
China indicated its discomfort with yuan weakness through its daily reference rate for the currency amid the threat of higher ...
The People’s Bank of China appears to have reintroduced the so-called “counter-cyclical factor” in calculations of its daily ...
The PBOC head added the central bank plans to “increase the intensity of counter-cyclical monetary policy," state media said ...
On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1992, as compared to the previous day's fix of 7.1966 and 7.1966 Reuters estimates.
Before Wednesday, the PBOC had largely refrained from sending any strong signals in support of the yuan, allowing it to weaken alongside its global counterparts. More than half of the respondents ...