China's yuan pared some earlier gains against the dollar on Tuesday after fresh U.S. tariffs on Chinese goods kicked in, ...
This is part of a broader strategy to manage the yuan’s value carefully within a permissible trading range of 2%. The contrast in the two giant economies’ currencies is evident not only in ...
In recent months, the market for the 10 yuan Olympic commemorative banknote has witnessed a stunning resurgence, captivating collectors and financial enthusiasts alike. This article delves into the ...
Chinese authorities are rolling out fresh measures to limit capital flight, including increased scrutiny of overseas investments, as the yuan currency comes under mounting pressure.
While the central bank is unlikely to say it will no longer uphold the currency, it will emphasize allowing the markets more power in deciding the yuan’s value, a second source with knowledge of ...
The Rise and Fall of Olympic Commemorative Banknotes One major factor contributing to the current price increase of the Olympic banknote is its past performance. Initially, in 2014, its value soared ...
All of this would enable a more loose monetary policy by the PBoC that would boost growth and decrease the value of the yuan. As I have already mentioned before, tariffs are one of the big ...
China's CFETS basket, which measures the yuan's value against currencies of its major trading partners, is down 1.4% this year but above the 100-mark implying the yuan has been stronger than those ...
Winner: U.S. exporters, of course Since U.S. goods are now cheaper in yuan value in China, U.S. exporters should benefit from being priced more competitively. Loser: Chinese manufacturers The more ...