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USD/CNY Climbs Back Above 7 As Trump Reveals US-China Trade Deal Not a Priority

The Chinese yuan is holding steady at the end of the trading week, despite President Donald Trump revealing that the second phase of a US-China trade agreement is no longer a top priority. The president told reporters aboard the Air Force One that the relationship between the world’s two largest economies is “severely damaged” after the coronavirus pandemic. The yuan climbed back above the key 7 threshold after his comments, but […]

Chinese Yuan Strengthens As Investors Pour Into Stocks, Bank Lending Up

The Chinese yuan is strengthening against many of its currency competitors to start the trading week. But while some economic data are boosting the currency on Monday, reports that investors are pouring into the stock market at the state media’s direction is generating all the buzz.

Chinese Yuan Weakens Despite Strong PMI Readings, PBoC Stimulus

The Chinese yuan is weakening against the US dollar and other major currency rivals in the middle of the trading week. Global financial markets were pleased to learn that manufacturing and non-manufacturing activity has rebounded at a faster-than-expected clip over the last month, leading to optimism that China’s economic recovery is beginning to accelerate. With additional central bank stimulus can Beijing achieve growth in 2020?

Chinese Yuan Weakens As Investors Bet Beijing Will Rein In Financial Risks

The Chinese yuan is weakening at the end of the trading week, driven primarily by reports that government officials will rein in financial risks and push cheap funding into the real economy. The yuan has had a relatively flat week against the US dollar amid chaos in global financial markets. Where is the currency headed in the second half of 2020? And will the world’s second-largest economy succeed in its reset over the next six months?

Chinese Yuan Tries to Recover After Drop in Exports, PBoC Stimulus

The Chinese yuan is falling against a myriad of currency competitors on Tuesday as it attempts to recover after a decline in exports. The yuan has stabilized in recent weeks due to the world’s second-largest economy hitting the reset button, but the currency is still above the seven-threshold against the US dollar and other major rivals.

Chinese Yuan Weakens As Government Abandons 2020 GDP Target

The Chinese yuan is weakening against its major currency competitors to end the trading week, driven by officials announcing that they are abandoning their gross domestic product (GDP) target for 2020. The yuan is also coming under pressure on US-China tensions regarding trade and Hong Kong. While the world’s second-largest economy has hit the reboot button, outside factors may pause its reopening.

Chinese Yuan Weakens on PBoC Expansion, Poor Data

The Chinese yuan is weakening against its primary currency competitors to start the trading week. Trading patterns appear to reveal that investors are uncertain regarding the yuan’s near-term performance due to weak economic data and expansionary monetary policy. With 100 million people under a renewed lockdown over a potential second wave of the coronavirus pandemic, is the economic restart in jeopardy?

Chinese Yuan Flat As PBoC Slashes Benchmark Loan Rate

The Chinese yuan is barely budging against its G10 currency competitors on Monday, despite the central bank showing its willingness to get serious about monetary easing. Investors may be trying to see if China can successfully hit the reboot button after last week’s worse-than-expected gross domestic product (GDP) reading for the first quarter. It is evident that Beijing will employ every fiscal and monetary […]

Chinese Yuan Mixed As Economy Contracts 6.8% in Q1, Retail Sales Crash

The Chinese yuan is mixed against its currency competitors to finish the trading week as investors weigh China’s near-term economic recovery. With the latest bearish numbers suggesting Beijing’s COVID-19 devastation, analysts are hoping that the worst is over and that the nation’s reboot will lead to better results.

Chinese Yuan Flat As Imports, Exports Beat Bearish Estimates

The Chinese yuan is flat on Tuesday after new trade data came in better than what the experts had projected. A couple of economic reports from China are highlighting that the situation is not as grim as what many investors first thought. Is the economic fallout from the coronavirus pandemic proving to be a case of hope for the best and expect the worst?

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