China Lets Yuan Weaken After Defending 7.3 Per Dollar for Weeks
The onshore yuan weakened past a level that China had been defending since late last year, opening up room for the managed ...
Rupee logs 9th straight week of losses, analysts expect more weakness
The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth ...
Is China deliberately letting the yuan tank against the US dollar? What is Beijing's strategy?
The value of the yuan has tanked despite the central bank’s seemingly continued efforts to support the currency. With a ...
Chinese Assets Aren’t Off to a Good Start. What That Says About Economic Stimulus.
This week, Chinese 10-year government bond yields hit a new low, suggesting investor pessimism about the country’s long-term ...
Exchange Rates2d
Chinese Yuan In 2025: Potential Trigger For Currency Wars
MUFG expects USD/CNY to strengthen to 7.50 in mid 2025 before a retreat to 7.40. Goldman Sachs and UBS both forecast 7.50 at the end of 2025.
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China’s central bank prepares a full-on economic policy change
The People’s Bank of China (PBoC) is rewriting its playbook, breaking away from decades of rigid, state-controlled monetary ...
MercoPress2d
China's Renmimbi has become world's second most used currency in trade finance
China has entered into more than 30 bilateral currency swap agreements since December 2008. As of May 15, 2015, the total value of effective currency swap agreements was RMB 2.9 trillion (US$ 468 ...
Rupee expected to weaken more in coming months
In 2024, the local currency weakened 2.9% but less than 3% depreciation in the Chinese yuan against the dollar.