Chinese yuan use up 21.1% in cross-border trade as Beijing pushes global role for currency
Use of the Chinese currency for cross-border trade rose by more than a fifth in the first eight months as...
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Analysis-After battle with yuan bears, China is now keen to avoid sharp currency gains
SHANGHAI (Reuters) - Having spent all year trying to put a floor under the tumbling yuan, China's central bank is...
Asian FX at crossroads as yen, yuan diverge
ORLANDO, Florida, July 31 (Reuters) - Japanese and Chinese monetary policy is diverging, meaning other Asian currencies may now also...
Saudi Arabia joins BIS- and China-led central bank digital currency project
LONDON, June 5 (Reuters) - Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could...
Asia braces for unwanted, but unavoidable FX battle: McGeever
ORLANDO, Florida, April 17 (Reuters) - Asian countries probably don't want it and they certainly didn't cause it, but a...
US Dollar gets costlier to borrow in China in new sign of Yuan woes
The premium to borrow dollars in China’s local markets has jumped over the past month, another example of the resurgent US currency’s global reach and persistent headwinds facing the yuan.China’s overnight interbank dollar lending rate hit a record 5.47% on March 29 after a steady climb, before easing to 5.42% Thursday, Bloomberg-compiled data show. That has pushed its gap with the US secured overnight financing rate, a global benchmark, to the widest since July twice in the past two weeks.The tightening supply of the US currency in China has coincided...
China Maintains Yuan Defense After Currency Nears Red Line
(Bloomberg) -- China stuck to a holding pattern of supporting the yuan as pressure from a resilient dollar and poor...
China Jolts FX Markets as Yuan Suffers Worst Day in Two Months
(Bloomberg) -- China’s tentative loosening of its vise-like grip on the yuan unleashed a slide in the currency and pulled...
Countries closing in on digital currencies but US lagging, study shows
LONDON, March 14 (Reuters) - A total of 134 countries representing 98% of the global economy are now exploring digital...
Chinese stocks erased $6.3 trillion since 2021 peak
Residential houses in Nanjing, East China's Jiangsu Province, last month. Costfoto/NurPhoto via Getty Images Chinese stocks just capped another dismal...
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