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Chinese Yuan Rises Despite Weak Data, Interim Trade Deal Denial

The Chinese yuan is strengthening against major currency rivals on Thursday, which may surprise investors because of what has been transpiring toward the end of the trading week. In addition to disappointing economic data, there were reports that the White House was considering an interim US-China trade agreement, something that was quickly disputed within hours.

Chinese Yuan Weakens As PBOC Introduces New Benchmark

The Chinese yuan is weakening on Tuesday after the central bank introduced a new lending benchmark as part of the nation’s market-oriented reforms and attempts to weather the economic trade winds. Beijing joins a long list of other major markets that have recently imposed lower interest rates to boost lending and spur growth.

Positive Market Sentiment Hurts Appeal of Yen

The Japanese yen found a limited demand from investors today as they were in a relatively positive mood, reducing the appeal of safe currencies. Japan’s trade deficit widened but, as it often happens, domestic macroeconomic data had a small impact on the currency.

Chinese Yuan Strengthens on Strong Trade Data

The Chinese yuan is strengthening against most major currency rivals on Thursday after the federal government reported better-than-expected trade numbers. Despite the positive numbers, they could contribute to the escalation in the US-China dispute, mainly because exports surged and Beijing’s trade surplus came in better than what the market had anticipated.

Chinese Yuan Stabilizes As Tensions With US Remain High

The Chinese yuan is stabilizing Tuesday after it cratered 2% against the US dollar to kick off the trading week. But the pause in yuan’s collapse might be temporary because the White House continues to apply pressure to the world’s second-largest economy, particularly as officials discuss labeling Beijing a currency manipulator. Investors will now look to China’s trade numbers on Wednesday.

Chinese Yuan Crashes Below Crucial USD Level Amid Trump Tariffs

The Chinese yuan fell below a key level against the US dollar to kick off the trading week after President Donald Trump announced new tariffs on billions in Chinese goods. While some experts posit that it might not have any economic significance, the trend could escalate tensions between the world’s two largest economies over trade and the exchange rate — two topics important to Washington.

Chinese Yuan Weakens As Trade Talk Hopes Fade

The Chinese yuan is weakening against several major currency rivals to kick off the trading week, driven by investors not expecting much to come out of the renewed US-China trade negotiations this week. Traders’ hopes were dashed after one prominent White House official conceded he “wouldn’t expect any grand deal” as the world’s two largest economies hold talks.

Chinese Yuan Edges Higher As Beijing Slaps Anti-Dumping Duties on Steel Imports

The Chinese yuan is edging higher midweek after the federal government announced that it would be slapping anti-dumping duties on steel imports from major regional trading partners. This might be part of the nation’s strategy of “arduous efforts” to match this year’s industrial output growth target, particularly as protectionism and trade wars apply pressure on exports and affect the world’s second-largest economy.

Chinese Yuan Rises As New Loans Seen at Five-Month High, Forex Reserves Jump

The Chinese yuan is strengthening to start the trading week as new economic data lifted the currency against several major rivals on Monday. As Beijing begins a trade truce with Washington, foreign exchange reserves were better than expected, which also coincides with new loans expected to surge to their best levels in five months.

Chinese Yuan Slips Despite Higher Small Business Lending, Upbeat Bankers

The Chinese yuan is falling against several major currency rivals to start the trading week, despite positive economic data that should lift the yuan. The central bank confirmed that small business lending surged in May, leading bankers to be optimistic on the world’s second-largest economy as the second quarter comes to an end. With the US-China trade war still lingering in the background, can Beijing finally turn a corner?

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