The Chinese yuan is trading relatively flat against its US peer to close out the trading week. China cheered the news that exports popped in December, but all eyes will be on Monday’s gross domestic product (GDP) data for the fourth quarter. Beijing is expected to be one of the few major economies to report growth in 2020, despite being ground zero for the coronavirus pandemic.
The Chinese yuan is adding to its strong start to 2021 against the US dollar on Tuesday. The yuan, which has been one of the top-performing currencies in foreign exchange markets over the last eight months, is finding support on policy support stabilization, highlighting that officials are confident that the recovery is occurring at a good pace. Although policymakers have indicated they will allow the yuan to appreciate, investors are wondering […]
The Chinese yuan was trading relatively flat against its US peer in the middle of the first trading week of 2021. The yuan, which has been on a tear over the last nine months, broke through the 6.5 resistance level earlier this week as the currency continues its impressive appreciation. But disappointing economic data and foreign exchange intervention may slow down the yuan’s surge.
The Chinese yuan is slumping against the US dollar on the final trading session of 2020. Despite being one of the top-performing currencies in global foreign exchange markets, the yuan is finishing 2020 slightly lower on disappointing manufacturing and non-manufacturing data and the central bank injecting liquidity into the banking system. Can the yuan emulate its 2020 success in 2021?
The Chinese yuan is rebounding against the US dollar on Tuesday, buoyed by impressive data that highlight the strengthening recovery in the world’s second-largest economy. The yuan, which has come under pressure against its US peer this month, is looking to expand its rally in the home stretch of 2020. But will Beijing allow it to happen?
The Chinese yuan retreated from its best level in more than two years to kick off the trading week, driven mostly on escalating Sino-US geopolitical and trade tensions. But the pullback was capped by better-than-expected exports in November, signaling that the world’s second-largest economy is recovering at a healthy pace.
The Chinese yuan is shrugging off a report that President-Elect Joe Biden would not immediately remove the higher tariffs placed on the world’s second-largest economy. The yuan, which has been one of the top-performing currencies in foreign exchange markets, maintained its upward trajectory as it looks to test 6.5 against its US peer.
The Chinese yuan is trading flat against its US peer to kick off the trading week, despite the central government reporting renewed activity in the manufacturing sector this month. The yuan has been one of the top-performing currencies in the fallout of the coronavirus, surging to its best level against the greenback in more than two years.
The Chinese yuan is firming against multiple currency peers during the quiet holiday Thanksgiving trading session. The yuan has been strengthening since peaking at around 7.1 against the US dollar. It is likely to extend its winning streak to the end of the year after the central bank signaled that it would adjust its monetary policy directives. But how much longer will officials allow the yuan to appreciate, […]
The Chinese yuan is now testing its best level in more than two years against the US dollar. As China becomes the lone outlier in the global economy when it comes to the recovery, the yuan is joining the broader rally in the foreign exchange market. With the year 2020 winding down, is the next stop for the yuan 6.4? Better yet, will policymakers allow the yuan to appreciate that much?
