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What is the outlook of the USD/CNY exchange rate as the China and US trade war escalates? We explore the potential scenarios ...
The PBOC may not be in a hurry to weaken the Chinese yuan, given that CNY fixings over the past few days have shown more two-way volatility with a depreciation bias, Mizuho Securities said.
Among the 11 analysts polled by CNBC, the majority do not see the currency weakening significantly, but rather a gradual depreciation engineered by the PBoC.
USD/CNY steadied on Monday as the Chinese yuan weakened, impacted by escalating trade tensions between the worlds two largest ...
China's yuan on Thursday fell to its lowest value against the US dollar since the global financial crisis, with the central ...
The Yuan dipped to a 17-year low against the U.S. dollar early on Thursday after President Donald Trump excluded Beijing from his 90-day pause on reciprocal tariffs and cranked up his tariff on ...
SHANGHAI: China’s yuan held steady against the US dollar on Tuesday even as markets grappled with the Trump administration’s ...
Declines come as trade war between world’s two largest economies escalates. Read more at straitstimes.com. Read more at ...
China's central bank will not allow a significant decline of the yuan and has urged major state-owned banks to scale back U.S. dollar purchases. The order from Chinese officials comes as the yuan ...