RBC said Chinese authorities appear “biased for a stronger CNY,” with officials guiding the daily fix lower since April to anchor expectations and deter speculation of competitive devaluation.
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 ...
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. 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 ...
The Chinese yuan is trading around 7.1251 against the dollar, edging 0.04% higher on the day, as renewed US–China trade frictions, domestic deflation, and monetary policy divergence continue to shape ...
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 ...
Inflation Rate YoY for Oct in Russia is 7.7%, lower than the previous value of 8%. The forecast was not available.
: 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 ...
The recent strengthening of the Chinese renminbi against the US dollar reflects strong market confidence in the potential of China's economic recovery and the improving outlook of the external ...
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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