The yuan has shrugged off a trade war, slow growth, rock-bottom interest rates and a slump in foreign investment, to head for ...
China’s currency is outperforming the euro and yen despite economic headwinds, with analysts pointing to Beijing’s ...
Some investors are overestimating the stockpile of Chinese money that could be converted back into yuan, as firms may not yet be ready to abandon dollar holdings, according to Goldman Sachs Group Inc.
The yuan overtook the dollar as the most used currency for Chinese cross-border transactions. Its use in cross-border payments and receipts increased to 48% versus 47% for the dollar. China is ...
SINGAPORE, Nov 21 (Reuters) - The dollar slipped to fresh milestone lows on the euro, yen and other major currencies on Tuesday, as China guided the yuan higher and its strength spurred broader ...
LONDON, Dec 2 (Reuters) - The dollar was pinned near a five-month low against a basket of major currencies on Friday ahead of key U.S. labour market data, while the yuan was set for its biggest weekly ...
(Bloomberg) -- China’s yuan has replaced the US dollar as the most traded currency in Russia, a year after the invasion of Ukraine led to a slew of Western sanctions against Moscow. The yuan surpassed ...
Goldman Sachs expects China's yuan to continue falling against the US dollar. Analysts also slashed their forecasts on yuan for the next 12 months. As China's economy stumbles, Goldman sees the ...
The dollar was drifting toward its largest weekly drop in four months on Thursday as trade thinned ahead of the U.S.
China’s yuan hovered near record lows against the US dollar on the offshore market on Thursday, as major currencies around the world continue to tumble after the Federal Reserve’s aggressive hikes.