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Chinese Yuan Weakens on Falling Auto Sales, Sluggish US Investment

The Chinese yuan is weakening against major currency rivals on Thursday after new data painted a grim picture of the world’s second-largest economy. The trade war, which appears to be at a standstill, is seeping to a whole host of areas in Beijing, impacting economic growth and causing officials to hit the panic button. In the backdrop of the chaos is the yuan nearing toward the 7 threshold against the buck.

Chinese Yuan Weakens As Forex Reserves, Exports Unexpectedly Rise

The Chinese yuan is weakening to kick off the trading week as the nation’s foreign exchange reserves and exports unexpectedly rose in May. With the balance of trade numbers being higher than what the market had anticipated, it might play a role in the US-China trade war, which is dragging out and could linger into the holiday season.

Chinese Yuan Mixed on Poor Economic Data

The Chinese yuan is mixed midweek on poor economic data. But the biggest development for the yuan is that it is nearing the 7 mark against the US dollar. The federal government has hinted that it will take action to prevent the yuan from reaching that threshold. The last time the yuan crossed 7 was in December 2016.

US Dollar Mixed on Weak Data, Recession Fears

The US dollar is mixed to kick off the trading week as investors comb through disappointing economic data amid fears of a global recession. As the trade strife escalates after higher US tariffs on Chinese and Mexican goods, markets are worried that this could lead to additional cooling in the sluggish global economy.

Chinese Yuan Weakens As Manufacturing Activity Contracts

The Chinese yuan is weakening against major currency rivals at the end of the trading week, driven mainly by disappointing economic data, as well as the lingering trade war with the Americans. The yuan has had a rough second quarter against the US dollar, but it has mostly gained against the euro so far this year. China has had a mix of highs and lows this year – both on data and trade.

Chinese Yuan Rises on Confidence, CBIRC Warning of ‘Heavy Losses’ for Bears

The Chinese yuan is rising to kick off the trading week, buoyed by stronger confidence in the world’s second-largest economy and a strong warning from the nation’s top banking regulator for the currency bears. But the rally was capped by disappointing economic data and worsening trade relations with the US.

Chinese Yuan Strengthens As Beijing Talks Up Currency

The Chinese yuan is strengthening on Tuesday as the federal government continues to talk up the currency, despite bearish sentiment from foreign investors surrounding the world’s second-largest economy. As the US-China trade war escalates, there are fears that not only will the Chinese economy continue to spiral downwards, but also the global economy will contract. 

Chinese Yuan Slumps As FDI Slips, Housing Prices Lower Than Expected

The Chinese yuan is slumping against many major currencies at the end of the trading week. The yuan, which has plummeted in the wake of the escalation in the US-China trade war, rebounded on bullish economic data midweek but has since retreated on disappointing numbers.

Chinese Yuan Suffers from Poor Data, Sino-US Trade Quarrel

The Chinese yuan declined against the US dollar today after almost all Chinese macroeconomic indicators released today missed expectations. The developments in the US-China trade negotiations were not good for the currency as well.

Chinese Yuan Craters on Tariff Retaliation, Auto Sales

The Chinese yuan is cratering against several major currency rivals to start the trading week. After the US government unexpectedly raised tariffs on $200 billion in Chinese goods, Beijing responded by raising tariffs on $60 billion worth of American products.

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