Chinese Shares and the Yuan Pump Amid Details of Further Stimulus
Dollar-yuan moved below ¥7 and the Hang Seng reached above 20,000 on 26 September after a very strong improvement in sentiment.
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar level since May 2023.
Chinese yuan hits strongest level against the dollar in over a year
China’s yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
China's yuan surges to 16-month peak on new stimulus measures
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines against other major currencies after soft data on the consumer.
Chinese yuan hits strongest level against the dollar in 16 months
China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
Chinese yuan reaches 16-month high amid PBOC stimulus measures
China’s yuan surged to its strongest level in over 16 months on Wednesday as investors reacted to a series of stimulus measures unveiled by Beijing to combat the country’s economic slowdown. The offshore yuan briefly strengthened to 7.
It could soon get a lot harder for Russia to deal in Chinese yuan
Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant to do business with the ...
China’s march to strong yuan is long and perilous
Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. dollar, ...
China Internet Information Center11h
Chinese yuan strengthens to 7.0101 against USD Friday
BEIJING, Sept. 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 253 pips to 7.0101 against the U.S. dollar Friday, according to the China Foreign ...
Chinese stocks soar, posting best weekly gains since 2008 amid stimulus optimism
Chinese stocks rallied to their best week since 2008, spurred by stimulus measures and investor optimism. The CSI 300 Index ...
The Globe and Mail14h
Dollar Slides as Chinese Stimulus Boosts the Yuan
The dollar index (DXY00) Thursday fell by -0.41%. The dollar was under pressure after the Chinese yuan rose to a 16-month high against the dollar after the government boosted stimulus measures.
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The central bank is advising lenders ...
Australian treasurer welcomes Chinese efforts to stimulate economy during Beijing visit
BEIJING -- Australian Treasurer Jim Chalmers on Friday welcomed Chinese efforts to stimulate its slowing economy, noting that ...
Xinhua16m
China Focus: Chinese micro dramas on the rise domestically, and striking a chord globally
The industry saw explosive growth in 2023 and that year is dubbed "year one" for micro dramas. The market size of China's micro drama industry soared by 268 percent year on year to 37.39 billion yuan ...
Impending expiry of U.S. sanctions licence threatens Russia's yuan liquidity
The impending expiry of a U.S. licence permitting transactions involving the pillars of Russia's financial infrastructure ...