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PBOC Maintains Support for Yuan
PBOC Reinforces Yuan Support With Fixing Stronger Than Key Level
China reaffirmed its support for the yuan after a sudden drop in the currency late last week fanned speculation that policymakers will greenlight a sharper depreciation.
How does PBOC’s yuan fixing impact global FX markets?
The PBOC’s daily yuan fixing influences global FX markets, impacts trade balances, and shapes currency trends across Asia and beyond.
PBOC maintains support for yuan with fix stronger than key level
CHINA reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last session. Read more at The Business Times.
Yuan Traders Look to PBOC Fixing to Gauge Level of FX Support
The yuan weakening past a level that China had been defending throughout December has returned the spotlight to its daily reference rate for the managed currency to gauge Beijing’s appetite to support it.
Yuan Mixed as Traders Digest PBOC’s USD/CNY Fixing
Yuan was mixed against the U.S. dollar as traders digested the PBOC’s fixing of USD/CNY at 7.1876 this morning, below the psychological 7.2000 level.
9h
on MSN
China hurries to shore up sliding yuan and stock markets
China's stock exchanges and central bank rushed to defend a tumbling yuan and falling stock markets on Monday, trying to ...
5h
on MSN
Metals Fall Even as China Shows Support for Under-Pressure Yuan
Aluminum and zinc held near their lowest levels in more than three months as China signaled support for its currency in the ...
5h
China’s central bank rhetoric on yuan stability takes aim at depreciation risks
An exchange rate of 7.6 to the US dollar by the end of 2025 could be on the cards, analysts say, as Donald Trump’s impending ...
11h
Morning Bid: Pre-Trump trades lift US yields, yuan shaky
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
gulftoday
9h
China’s yuan hits 16-month low despite firmer guidance
China’s yuan hit a fresh 16-month low against the dollar on Monday, weighed by trade concerns and falling yields and defying ...
4h
AGS WEEK AHEAD: Bearish Mood on Chinese Yuan Depreciation, Looming Index Rebalance
The annual commodities index rebalance begins on Wednesday, in which large index funds rebalance their commodity futures holdings for five consecutive trading sessions. Buying is predicted in Chicago ...
6h
Dollar lower but volatile on Trump tariff uncertainty
The U.S. dollar was lower on Monday in volatile trading after conflicting reports about how aggressive President-elect Donald ...
cryptonews
5h
Guangzhou Expands Digital Yuan Pilot with New Action Plan for 2025
China’s Guangzhou Municipal Financial Work Committee outlines steps to create digital yuan demonstration zones and regulate ...
3d
on MSN
China Lets Yuan Weaken After Defending 7.3 Per Dollar for Weeks
The onshore yuan weakened past a level that China had been defending since late last year, opening up room for the managed ...
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