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Chinese Yuan Slides Breaches 7 As PBoC Injects More Stimulus

The Chinese yuan has tumbled past the crucial 7 mark against the US dollar again as the central bank injected additional stimulus to contain the economic fallout from the coronavirus. This is the second time in less than a year that the yuan has fallen to this level, and many experts anticipate further weakening of the currency until Covid-19 has been subsided.

Canadian Dollar Rallies on Chinese Stimulus, Higher Crude Prices

The Canadian dollar is rallying midweek on China’s latest announcements of fiscal and monetary stimulus to combat the negative economic effects of the Wuhan coronavirus, also officially known as Covid-19. The loonie also benefited from soaring crude oil prices on Wednesday, but gains were capped on warnings that the rail blockade by protesters will affect the national economy.

Chinese Yuan Mixed As Economic Stimulus Capped by Fiscal Woes

The Chinese yuan is mixed midweek as traders are waiting to see how the federal government reacts to the economic fallout from the Wuhan coronavirus, which was recently named Covid-19 by the World Health Organization (WHO). The central bank has responded and Beijing has unleashed several stimulus measures, but disappointing 2019 fiscal numbers might limit what the federal government can do.

Chinese Yuan Rebounds on Expected Stimulus, Cut in Tariffs

The Chinese yuan is rebounding on Thursday as reports suggest that the central bank will unleash additional stimulus to contain the Wuhan coronavirus’ impact on the world’s second-largest economy. While the death toll and number of confirmed cases have risen in China, global financial markets believe that the outbreak is waning. These reports come as Beijing is set to cut tariffs on US goods and report crucial trade data on Friday.

Japanese Yen Slips As BoJ Dismisses Further Easing Amid Coronavirus

The Japanese yen is falling against several major currency competitors on Tuesday as the central bank dismissed recommendations for further monetary easing amid the Wuhan coronavirus outbreak. After the People’s Bank of China (PBoC) employed 30 stimulus measures, some analysts had expected the Bank of Japan (BoJ) to follow suit since its economy is anticipated to slump from the virus. New manufacturing data also hurt the yen.

Chinese Yuan Crashes As Coronavirus Intensifies, Markets Crater

The Chinese yuan is crashing to kick off the trading week, cratering against all major currency rivals. The yuan is taking a beating after the leading stock indexes plunged due to the Wuhan coronavirus intensifying in China. The death toll reached 361 and the total number of people infected with the virus surged to 17,328. Will the world’s second-largest economy be able to recover? The authorities are responding to the outbreak with monetary and fiscal tools.

Chinese Yuan Strengthens As Q4 GDP Beats Estimates

The Chinese yuan is strengthening against most major currency rivals to close out the trading week, driven by a better-than-expected reading of the world’s second-largest economy in the fourth quarter. But the various economic reports on Friday highlighted across-the-board improvements, which could signal that Beijing may be on track for a rebound in 2020, especially with the US and China declaring a trade truce.

Chinese Yuan Mixed As PBoC Cuts Reserve Requirements to Boost Economy

The Chinese yuan is mixed on Thursday as the central bank announced that it is cutting amounts of deposits that commercial institutions are mandated to hold as reserves. This comes soon after new data found the nation’s manufacturing activity remained in expansionary territory, which is positive news for a nation that is trying to achieve better growth than what it has recorded over the last two years.

Chinese Yuan Dips As Exports Fall Short of Estimates

The Chinese yuan is trading slightly lower against multiple currencies to kick off the trading week. The yuan’s performance on Monday was driven by the latest disappointing trade numbers that suggest Beijing is still reeling from the US-China trade dispute. This might explain why, according to Chinese government officials, the world’s second-largest economy wants to settle phase one of a deal.

Chinese Yuan Slides As PBOC Unexpectedly Cuts Short-Term Funding Rate

The Chinese yuan is sliding against multiple currency pairs to start the trading week. The central bank’s decision to unexpectedly cut its short-term funding interest rate is playing a huge role in global financial markets on Monday. Will this be enough to withstand the economic storm clouds that have been gathering in the world’s second-largest economy over the last 18 months?

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