Yuan Fall: Why Is China's Currency Getting Weaker?

A drop in the value the yuan poses far-reaching consequences for markets and the US-China trade war.

Topics:  us-china   yuan   
  • Dollar steadies near 16-week low, yuan set for biggest weekly gain since 2005
    The dollar was pinned near 16-week lows against a basket of major currencies on Friday ahead of key U.S. labour market data, while the yuan was set for its biggest weekly gain since China revalued its ...
    12/1/2022 - 7:37 pm | View Link
  • China's yuan set for best weekly gain in two years; bumpy road ahead
    China's yuan edged lower against the dollar on Friday but is on track to post its biggest weekly gain in two years, buoyed by expectations of a slower pace in U.S. rate hikes and China's gradual exit ...
    12/1/2022 - 2:59 pm | View Link
  • Dow closes nearly 200 points lower ahead of Friday’s key jobs report
    The Dow Jones Industrial Average fell on Thursday, relinquishing some of the big gains seen in the prior session as investors awaited jobs data coming Friday that could determine the pace of the ...
    12/1/2022 - 7:22 am | View Link
  • Global wages fall for the first time this century
    In the UK wages remain 4pc below 2008 levels, meaning the average worker is still worse off than nearly 15 years ago, according to the figures from the International Labour Organisation (ILO). Of the ...
    11/30/2022 - 4:52 am | View Link
  • China’s Yuan Extends Advance as Reopening Bets Boost Sentiment
    The yuan extended gains, jumping to its strongest in nearly two weeks, as hopes over a relaxation of China’s Covid curbs stoked optimism about the country’s economy and fueled appetite for riskier ...
    11/29/2022 - 9:21 pm | View Link
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