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Chinese yuan surged to a 16-month high
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.
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.
China’s yuan continues upward climb after Beijing’s stimulus roll-out
The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s central bank.
21h
on MSN
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 ...
2d
on MSN
Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023
The yuan rallied past the 7 per dollar milestone for the first time in 16 months as investors digested a raft of measures to ...
7h
on MSN
Wagers on stronger Indian rupee grow on dovish Fed outlook, yuan rally
Betting on a near-term rise in the Indian rupee has become costlier than wagering on its fall in the options market for the ...
Xinhua
1h
Rising Sino-African trade drives demand for Chinese yuan: experts
African governments and traders are increasingly turning to the Chinese yuan, or renminbi, to settle financial transactions ...
1d
Country Garden Bondholders Approve Delays on Yuan Bond Payments
Country Garden Holdings Co. has won bondholders’ approval to push back payments on its nine yuan bonds by six months, ...
1d
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 Center
35m
China's forex market reports transactions totaling 26.94 trillion yuan in August
BEIJING, Sept. 27 (Xinhua) -- China's foreign exchange market recorded transactions totaling 26.94 trillion yuan (3.78 trillion U.S. dollars) in August, official data showed on Friday.
15h
Offshore Yuan Weakens Slightly After China’s Latest Monetary-Easing Measures
The offshore yuan weakened slightly against the U.S. dollar in the early morning Asian session after China’s latest monetary-easing measures.
6h
Rupee ends weaker; Fed policy path, yuan price action in focus
The Indian rupee ended lower on Friday pressured by month-end dollar demand from importers, with traders expecting the future ...
Benzinga.com
1d
Zoom CEO Eric Yuan Predicts 4-Day Work Weeks Enabled By AI Within 20 Years, Echoing Views Of Bill Gates And Steve Cohen
Zoom Video Communications Inc. CEO Eric
Yuan
announced at the Concordia Summit in New York on Wednesday that AI will soon ...
Observer
1d
Zoom CEO Eric Yuan Says A.I. Will Make 4-Day Work Weeks a Norm
Other business leaders have made similar predictions. Billionaires Ray Dalio and Richard Branson have both suggested that A.I ...
1d
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 ...
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