GeniTech (Shenji), a unit of Chinese electric vehicle manufacturer Nio, has entered into binding agreements for a 2.25bn yuan ...

The yuan extended gains on Thursday, marking its longest winning streak against the greenback since 2010, after China’s daily ...

LONDON, Feb 27 (Reuters) - JPMorgan's analysts said they were closing their long offshore Chinese yuan position after the country's central bank cut the cost of buying dollar forwards on Friday in a ...

The general tone in the forex market is one of consolidation, with the notable exception of the yuan. Yen is the only G10 ...

The offshore currency continues to appreciate, with official fixing also hitting its strongest level since May 2023.

Learn how China's yuan peg stabilizes its currency, enhances export competitiveness, and fuels economic growth by managing exchange rates against a basket of currencies.

The Chinese yuan is soaring and beating the US dollar as the debasement trade gains steam. The USD/CNY exchange rate was trading at 6.8365, its lowest level since April 2023. It has dropped in the ...

The People’s Bank of China raised the yuan’s central parity rate against the dollar by 93 basis points today, standing at ...

The RMB is unlikely to be a major player in Forex reserves anytime soon—and that's by design.

BEIJING/SHANGHAI, Feb 27 (Reuters) - China's central bank moved to rein in the fast-rising yuan on Friday, scrapping risk reserves requirements for forex forward contracts in a move that would ...

Its new report concludes that the yuan is undervalued by about 16%. That is the biggest misalignment since 2011, when a similar calculation suggested an undervaluation of 23%. The root of the problem ...

China’s central bank will cut the foreign exchange risk reserve requirement ratio for forward foreign exchange sales to 0 ...