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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 Gains on Deregulation to Boost Foreign Investment

The Chinese yuan is strengthening against several major currencies on Thursday as the federal government announced it would be deregulating a whole host of industries to encourage foreign investment. This is part of Beijing’s efforts to open its market to the rest of the world and curb the growing number of companies fleeing the world’s second-largest economy amid the trade war.

Chinese Yuan Gains vs. US Dollar on US-China Truce

The Chinese yuan rallied against the US dollar today. While the greenback firmed on the reports about a truce in the US-China trade war, the Chinese currency benefited from the news even more. The good news allowed the yuan to ignore negative domestic data.

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?

Chinese Yuan Strengthens on Solid Housing Prices, Retail Sales

The Chinese yuan is strengthening against several major currencies on Tuesday, supported by solid housing prices and retail sales in May. Although industrial output and fixed asset investment figures came in lower than expected, they were still commendable at a time when the world’s second-largest economy is engaged in a bitter trade war with the US.

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.

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