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   
BING NEWS:
  • Inside the fall of the CDC
    How the world’s greatest public health organization was brought to its knees by a virus, the president and the capitulation of its own leaders, causing damage that could last much longer than the ...
    10/16/2020 - 11:50 am | View Link
  • FOREX-Yuan set for biggest daily fall since March; dollar index edges up
    Dollar index close to three-week lows * China’s yuan drops after central bank lowers reserve requirement * Riskier currencies stabilise * Graphic: World FX rates in 2020 tmsnr ...
    10/12/2020 - 6:17 am | View Link
  • FOREX-Yuan drops on PBOC policy change, set for biggest daily fall since March
    But on Monday the offshore yuan was on track for its biggest daily decline against the dollar since March, changing hands at 6.7446 at 0921 GMT CNH=EBS. “It’s probably people covering long China ...
    10/12/2020 - 3:54 am | View Link
  • China Taps the Brakes on a Yuan Rally
    Banks no longer need to deposit 20% of their sales when buying and selling what are called currency forwards denominated in U.S. dollars for clients.
    10/12/2020 - 3:03 am | View Link
  • FOREX-Yuan set for biggest daily fall since March; dollar index edges up
    China's yuan fell on Monday after the People's Bank ... by expectations for even bigger stimulus after the election," MUFG currency analyst Lee Hardman wrote in a note to clients.
    10/12/2020 - 1:34 am | View Link
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