China’s central bank has extended the operating hours of its cross-border interbank payment system to 24 hours every working day after the success of a trial run in March.
The Chinese yuan’s central parity rate against the dollar fell by 277 basis points to 6.367 today, hitting its lowest point since Jan. 25.
The US Treasury has re-confirmed its findings that China has not manipulated its exchange rate, though it will continue to…
The yuan-dollar central parity fell to 6.3114, the lowest level in two weeks, signaling the market’s growing concern over the ongoing China-US trade spat.
Moscow Exchange Plans to Expand Yuan Trading Business to Challenge Dollar
The official closing quote valued a dollar the same as 6.4325 onshore yuan yesterday, making the Chinese currency the strongest it has been against its US counterpart since December 2015.
The Chinese yuan rose today following reports that Deutsche Bundesbank, Germany’s central bank, will start to include it in its…
The continuing frailty of the US dollar Index lifted the yuan-dollar exchange rate to a two-year high today.
Yuan’s Internationalization Doesn’t Target Other Major Currencies, Says Top China Central Bank Official
The internationalization of the yuan is a long-term strategy. It should not aim at a higher global ranking among major…
The onshore and offshore Chinese yuan hit four-month highs against the US dollar, surpassing CNY6.48 and CNY6.47, respectively, on the morning of Jan. 8, driven by a strengthening dollar.
The Chinese economy’s improving fundamentals are providing support for the rise of the yuan, analysts said.