Page 2 - Yuan

Xi's dream of 'powerful currency' likely to be challenged by Trump's return

The yuan risks years of downward pressure during the second Trump presidency, and the threat of another trade war is already fueling bets against the currency

Dollar roars with bitcoin as Trump trades shine; euro, yuan slump

The euro languished at a seven-month trough and the yuan slumped to its lowest in more than three months, with Europe and China both targets of potential Trump tariffs

Rupee weakens to new intra-day low as investors exited from carry trades

Market participants said that the RBI asked some banks to refrain from speculative trading against the rupee

Rupee worst Asian currency in U-turn as yuan carry trades unwind

The contrasting fortunes have carried over into August. The offshore Chinese yuan climbed to nearly 7.11 on Monday, its best level since the first week of this year

Rupee falls to new record low tracking the decline in Chinese Yuan

Market participants said that the Indian currency did not depreciate further as the Reserve Bank of India intervened in the foreign exchange market by selling dollars

Asia stocks rally as US Fed rate cut bets gather momentum; ECB in focus

The shifting Fed expectations lifted oil prices and dragged Treasury yields to their lowest in two months after data this week hinted the US labour market was easing

China's yuan hits 6-month low against strong dollar despite state bank aid

The move comes as US Treasury yields pushed to a near four-week peak lifting the greenback higher

China foreign exchange reserves rise to $3.246 trn in March, shows data

The yuan fell 0.47% against the dollar in March, while the dollar last month rose 0.31% against a basket of other major currencies

China boosts stimulus by cutting reserve requirement ratio for banks

Hours after the announcement, regulators added more measures to bolster the slumping property and stock markets

China holds key interest rate as economy prepares for 'difficult year'

The People's Bank of China maintained the rate on its one-year policy loans on Monday, disappointing investors expecting the first trim since August

China's central bank injects $112 bn of cash to revive economic growth

The People's Bank of China offered commercial lenders 1.45 trillion yuan ($204 billion) via its medium-term lending facility - 800 billion yuan more than the expected maturity this month

India pushes back against Russia's demands to pay for oil imports in yuan

Indian Oil Corp., the biggest state refiner, had made a yuan payment for Russian crude in the past, although the government has since clamped down on that

BS Poll: Rupee expected to weaken more to touch $83.5, may improve in Sept

Weakening Yuan puts pressure; seen largely stable in 2023

China steps up efforts to stabilise stock markets as confidence slumps

The Hang Seng Index is down more than 8 per cent this year, ranking among the biggest global losers

Escalate yuan intervention: Chinese authorities to state-owned banks

China will resolutely prevent excessive adjustment in the yuan, the People's Bank of China said in its monetary policy report

Bolivia is latest South American nation to use China's yuan for trade

Bolivia is now using the yuan to pay for imports and exports, becoming the latest country in South America to regularly use the Chinese currency in a small but growing challenge to the hegemony of the U.S. dollar for international financial transactions in the region. Between May and July of this year, Bolivia conducted financial operations amounting to 278 million Chinese yuan ($38.7 million), which accounts for 10% of its foreign trade during that period, Economy Minister Marcelo Montenegro said on Thursday. We're already using the yuan. It's a reality and a good start, Montenegro said during a news conference. Banana, zinc, and wood manufacturing exporters are conducting transactions in yuan, as well as importers of vehicles and capital goods. These electronic transactions are carried out through the state-owned Banco Unin. The amount being used in yuan is still relatively small, but it will increase over time, Montenegro said. With these transactions, Bolivia joins other countr

Indian refiners used Chinese yuan to pay for some Russian oil imports

The official also said the Reserve Bank of India will release guidance for banks in two to three days to resolve some teething issues on the rupee trade mechanism

Indian refiners start yuan payments for Russian oil imports: Report

China has also shifted to the yuan for most of its energy imports from Russia, which overtook Saudi Arabia to become China's top crude supplier in the first quarter this year

China's PBOC asks foreign banks about dollar deposit rates amid weak yuan

Total FX deposits in China stood at $851.8 billion at end-May, data shows.

Yuan dips after China cuts rates; Swedish crown at weakest since 2009

China lowered its one-year and five-year loan prime rates (LPR) by 10 basis points, the first such easing in 10 months as authorities seek to shore up a slowing economic recovery