China aims to reduce its dependence on America by 'decoupling' from the dollar, ANZ bank says

2019-11-18 17:42

Analysts at ANZ said that "the pace of diversification into other currencies will likely quicken going forward,” as the trade war rages on.

US labels China a currency manipulator, escalating trade war

2019-08-06 08:14

The Trump administration has formally labelled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new US tariffs.

China’s yuan drops to a decade-low, 7 per dollar now in sight

2018-10-30 07:27

China’s yuan slid to the weakest level since May 2008, moving closer to the key level of 7 per dollar, as the central bank cut its daily fixing and on signs that a trade war with the US may escalate.

China is printing money for countries like Poland and Brazil at 'full steam' as it tries to expand its influence on the global economy

2018-08-14 14:08

Money printing plants across China are running at close to full capacity to meet an unusually high quota set by the government this year.

The dollar-plagued world now has another currency to worry about

2018-05-10 13:40

Winds of change in currency markets have threatened to blow global investment trends further off course - but from the East as much as the West.

Yuan heads for best week since January in snub to Moody's cut

2017-05-26 12:24

The onshore yuan has headed for its strongest weekly gain against the dollar in four months amid speculation that China’s central bank has been intervening to support its currency.

Yuan's gain surprises Trump, incoming China ambassador says

2017-02-01 10:46

Donald Trump probably hasn’t followed through on campaign pledges to label China a currency manipulator because the yuan’s been stronger than he anticipated.

China sets biggest one-day yuan rate increase since 2005

2017-01-06 08:14

China has raised the exchange rate for the yuan against the US dollar by 0.92% from the previous day, the biggest one-day increase in more than 11 years.

China seeking to succeed where Japan failed

2016-09-30 16:45

As China’s yuan takes the first steps toward becoming a global reserve currency, Japan offers a lesson on how hard it is to rival the dollar’s supremacy.

Bitcoin price surges to two-year high

2016-06-13 14:41

Bitcoin surged to a two-year high amid expectations supply of the digital currency will shrink next month.

 

Trump's trade war has led to a historically weak Chinese currency — and a new study shows that impact could spread globally

2019-09-03 17:31

"For the rest of EM, RMB weakening carries contagion risk and adds to an already unsettled environment," wrote a team of economists at the IIF.

Trump is right: IMF finds the US dollar is overvalued, the euro is undervalued for Germany

2019-07-18 16:28

"Whilst Trump has never been the biggest fan of the IMF, he may very well be now!"

Trump doubles down on claims that China and the EU are currency manipulators and warns: 'I'll still win'

2018-08-21 20:31

"What they’re doing is making up for the fact that they’re now paying ... hundreds of millions of dollars and in some cases billions of dollars into the United States Treasury," Trump told Reuters.

China looks to prop up its currency as it heads for a record losing streak

2018-08-03 17:32

The yuan is heading for its longest weekly losing streak since its market exchange rate began in 1994.

Yuan advances to strongest level in 2 years, more gains seen

2018-01-15 10:14

China’s yuan has climbed to its strongest since December 2015, and analysts predict further upside given weakness in the dollar.

Yuan calm at risk of ending as China share drop darkens mood

2017-04-21 09:50

A selloff in Chinese stocks is threatening to end the yuan’s calmest period since its devaluation 20 months ago.

Pound and yuan slide while European stocks mixed

2017-01-09 13:03

The dollar has strengthened and the pound extended its decline from Friday, while the offshore yuan had its biggest two-day drop since June.

Offshore yuan near 7 a dollar

2016-12-29 12:46

The offshore yuan has inched lower toward 7 per dollar, widening its discount to the onshore rate to the most in more than two weeks.

Yuan volatility wanes offshore as Hibor eases

2016-09-22 12:22

A gauge of expected price swings in the offshore yuan dropped to the lowest level in a month as a cash squeeze eased and the Fed scaled back its outlook for higher borrowing costs.

China to give $38bn quota to US in first-ever move

2016-06-07 10:46

China will give a $38bn investment quota to the US, as the Asian nation increases efforts to broaden use of the yuan overseas and lure capital back to the mainland.

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