Bets Rise That China's Yuan Will Fall

Bets are rising that China’s currency is headed lower with its stock market, a signal of waning investor confidence in the country’s ability to manage its economic slowdown and market turmoil.

Sections:  world   business   
BING NEWS:
  • China's yuan hits 5-month low on renewed Middle East tensions
    The persistently firmer-than-expected yuan midpoint fixing has sent the yuan's basket value to a new 18-month high ...
    04/18/2024 - 7:20 pm | View Link
  • EMERGING MARKETS-Currencies rise as dollar retreats, South Korea's won advances
    Currencies in emerging markets gained on Thursday as the dollar rally took a breather, while the South Korean won jumped after the finance chiefs of U.S., Japan and South Korea agreed to cooperate on ...
    04/17/2024 - 9:46 pm | View Link
  • Yuan Funding Costs Climb in Hong Kong, Pressuring Bearish Bets
    Signs of a cash squeeze are starting to emerge in the yuan’s largest offshore trading center, a move that dents the appeal of bearish wagers on China’s managed currency.
    04/16/2024 - 4:34 pm | View Link
  • Dollar rises to 5-month high, puts heat on yen; GDP data boosts yuan
    The dollar rose to a five-month high against major peer currencies on Tuesday following hotter-than-expected U.S. retail sales figures, raising worries of an intervention from Tokyo as the yen ...
    04/16/2024 - 11:57 am | View Link
  • China's Loosening Grip on Yuan Allows Currency to Test a Key Milestone
    China’s second attempt in a month to loosen its grip on the yuan is opening up the door for the currency to test a psychological milestone that hasn’t been seen since November.
    04/15/2024 - 11:08 pm | View Link
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