Similar Stories to China Hitches Yuan To The Dollar, Buying Rare Calm on Bing News

China’s central bank appears to have effectively pegged the Chinese yuan to the dollar in recent weeks, a policy twist that has helped stabilize the currency in a year of political transition.

Topics:  chinese   china   yuan to the dollar   
BING NEWS:
  • People in China are so spooked about the economy that even the weak yuan isn't stopping them from buying more gold
    China's central bank has been on a buying spree for 17 straight months as it diversifies its holdings away from the US dollar.
    04/21/2024 - 7:33 pm | View Link
  • Even China Is Wary of Fighting the Fed as Yuan Limits Rate Space
    In the trade-war years China has found ways to sidestep all kinds of US-imposed constraints on its economy — from curbs on the latest mobile-phone chips to Iran oil sanctions. But even Beijing can’t ...
    04/16/2024 - 5:00 pm | View Link
  • Dollar hits 5-mth high, puts heat on yen; GDP helps yuan
    The dollar hit a five-month high against major peer currencies on Tuesday following hotter-than-expected U.S. retail sales figures, raising intervention worries as the yen languished at its lowest ...
    04/15/2024 - 4:22 pm | View Link
  • China Loosens Grip on Yuan by Weakening Fix Amid Dollar Strength
    China unexpectedly weakened its yuan defense as pressure from a resurgent dollar and poor sentiment pressured it toward a policy red line.
    04/15/2024 - 2:19 pm | View Link
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