China Supports Yuan as Dollar Surges

China's New Currency Playbook - Council on Foreign Relations

“Chinese authorities told state-owned banks to step up intervention in the currency market this week, in a push to prevent a surge in yuan ...

Prospects for the yuan unseating the dollar - GIS Reports

China has made significant progress in strengthening the yuan's status, but it will not soon become the dominant global reserve currency, ...

Chinese yuan: Currency hits record lows against US dollar - BBC

China's yuan has hit fresh record lows against the surging US dollar. The internationally-traded yuan fell to its lowest level since data first became ...

China's Yuan Is Quietly Gaining Ground - WSJ

Surge in the global use of the Chinese currency could complicate the impact of any future Western sanctions · What to Read Next.

The Future of the Chinese Yuan | GJIA

In 2008, China maintained an undervalued peg to the US dollar; the Chinese government artificially devalued the yuan to induce higher exports.

Chinese Yuan Surges After Beijing's Vow of Support - Asia Financial

China's yuan jumped 0.5% on the back of strong promises of support for the economy The yuan traded offshore at 7.1444 per dollar and was at ...

A Managed Floating Exchange Rate Regime is an Established Policy

In 1994, when the dual exchange rates were unified, the RMB to dollar exchange rate adopted the swap market exchange rate of 8.7 yuan to one dollar. This ...

Chinese yuan rises against US dollar - China Daily

The Chinese currency renminbi, or the yuan, strengthened 49 basis points to 6.2926 against the US dollar on Tuesday, according to the China Foreign Exchange ...

China currency: Yuan | South China Morning Post

The Chinese yuan, also known as the renminbi, is already convertible under the current account - the broadest measure of trade in goods and services.

China's Currency Policy: An Analysis of the Economic Issues

The two exchange rates differed significantly. The official exchange rate with the dollar in 1993 was 5.77 yuan versus 8.70 yuan in the swap markets. China's ...

China's yuan falls against strong dollar, stocks surge after holiday

SINGAPORE: China's yuan fell to its lowest level in nearly three weeks as mainland markets opened on Tuesday after a week-long break, ...

China's Economy Surges, and So Does Its Currency

The currency, known variously as the yuan or the renminbi, has surged in strength in recent months against the American dollar and other major ...

The Risks of Russia's Growing Dependence on the Yuan

The Chinese authorities need the U.S. currency to support the yuan's stability on offshore markets, primarily in Hong Kong. Accordingly, the ...

Why China's Currency Tangos With The USD - Investopedia

On August 5th, 2019, China lowered the value of the Yuan below its 7 to 1 peg against the dollar in response to a new series of U.S. tariffs on $300 billion ...

Euro firms against dollar, yuan jumps on China's stimulus boost

Markets globally were basking in the afterglow of China's latest slew of support measures announced on Tuesday ranging from outsized rate cuts ...

The Yen, the Yuan, and the Dollar: How China and Japan Could ...

China's central bank leaked guidance a few weeks ago that it was unleashing state-owned banks to sell dollars to defend the yuan. That ...

Yuan hits strongest in more than a year as flows offset fundamentals

The offshore yuan gained 0.3 per cent to 7.0752 per US dollar, its strongest since June 2023. In August, the currency has surged around 2 per ...

China: Yuan surges past 7 per dollar for the first time since August

The Chinese yuan soared past 7 per U.S. dollar on Tuesday, climbing to a fresh three-month high amid trade optimism.

Column: A yuan-dollar currency war would do some serious damage

It didn't take long for President Trump's tweet. That you can get more than seven Chinese yuan to the dollar for the first time since 2008 ...

China's Currency Policy: An Analysis of the Economic Issues

constant (at 6.83 yuan per dollar), the real trade-weighted exchange rate index of China's ... China support U.S. jobs, U.S. imports from China “displace ...