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China’s yuan strengthens after progress in Sino-US trade talks, but caution remains
China’s best choice under the current environment is to keep the yuan stable against the dollar, while allowing it to depreciate against a basket of other currencies, said Wang Jinbin, economics professor at the Renmin University of China. Such a strategy would steady capital flows, while aiding Chinese exports, he said.
The Indian rupee is expected to appreciate past the 85 mark against the U.S. dollar at the open on Tuesday, supported by the ...
SHANGHAI, - China's yuan jumped to a six-month high against the dollar on Tuesday, breaching a key threshold, after Beijing and Washington agreed to pause their trade war while the central bank also ...
With both China and the US reporting ‘progress’ in their first trade talks, the offshore yuan had strengthened to 7.22 per US ...
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The People’s Bank of China on Tuesday elevated its reference rate for the Chinese yuan to surpass the key threshold of 7.2 per dollar for the first time since early April.
Goldman Sachs predicts a weaker U.S. dollar against Asian currencies, driven by policy shifts and yuan strength.
Banks and brokers are seeing rising demand for currency derivatives that bypass the dollar, as trade tensions add a sense of ...
CFR’s Brad Setser sees the Taiwan dollar and Korean won to strengthen, but warns of ‘no possibility of a US-Korea deal soon’.
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