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PBOC Maintains Support for Yuan
PBOC Reinforces Yuan Support With Fixing Stronger Than Key Level
China reaffirmed its support for the yuan after a sudden drop in the currency late last week fanned speculation that policymakers will greenlight a sharper depreciation.
How does PBOC’s yuan fixing impact global FX markets?
The PBOC’s daily yuan fixing influences global FX markets, impacts trade balances, and shapes currency trends across Asia and beyond.
PBOC maintains support for yuan with fix stronger than key level
CHINA reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last session. Read more at The Business Times.
Yuan Traders Look to PBOC Fixing to Gauge Level of FX Support
The yuan weakening past a level that China had been defending throughout December has returned the spotlight to its daily reference rate for the managed currency to gauge Beijing’s appetite to support it.
Yuan Mixed as Traders Digest PBOC’s USD/CNY Fixing
Yuan was mixed against the U.S. dollar as traders digested the PBOC’s fixing of USD/CNY at 7.1876 this morning, below the psychological 7.2000 level.
11h
on MSN
China hurries to shore up sliding yuan and stock markets
China's stock exchanges and central bank rushed to defend a tumbling yuan and falling stock markets on Monday, trying to ...
Yicai Global
1m
China’s Central Bank, Forex Regulator Signal Commitment to Steady Yuan Exchange Rate
The PBOC is likely to cut the reserve requirement ratio by 50 bps in the first and third quarters this year to support ...
7h
on MSN
Metals Fall Even as China Shows Support for Under-Pressure Yuan
Aluminum and zinc held near their lowest levels in more than three months as China signaled support for its currency in the ...
7h
China’s central bank rhetoric on yuan stability takes aim at depreciation risks
An exchange rate of 7.6 to the US dollar by the end of 2025 could be on the cards, analysts say, as Donald Trump’s impending ...
gulftoday
11h
China’s yuan hits 16-month low despite firmer guidance
China’s yuan hit a fresh 16-month low against the dollar on Monday, weighed by trade concerns and falling yields and defying ...
13h
Morning Bid: Pre-Trump trades lift US yields, yuan shaky
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
6h
AGS WEEK AHEAD: Bearish Mood on Chinese Yuan Depreciation, Looming Index Rebalance
The annual commodities index rebalance begins on Wednesday, in which large index funds rebalance their commodity futures holdings for five consecutive trading sessions. Buying is predicted in Chicago ...
gulftoday
1d
China’s yuan briefly hits weakest against dollar since Nov 2023
China’s yuan hit a 14-month nadir on the first trading day of 2025, but it quickly bounced from lows of 7.31 per dollar, ...
18h
Dollar rally pauses; yuan slides to 16-month low
The dollar eased on Monday but held close to a two-year peak, as traders awaited a raft of U.S. economic data this week ...
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