Similar Stories to Yuan Fall: Why Is China's Currency Getting Weaker? on Bing News

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:
  • Chinese Yuan Declines To Five-Month Low, Keeping The Dollar Strong
    Against the dollar, the Chinese yuan fell to five-month lows on Monday, supported by safe-haven flows and the possibility that the Fed may not be in a hurry to reduce interest rates. As of 0357 GMT, ...
    04/22/2024 - 12:45 pm | View Link
  • China's yuan weakens to five-month low as dollar stays strong
    China's yuan weakened to five-month lows on Monday against the dollar ... despite the central bank's daily benchmark fixings and support from state-owned banks. The currency is down 2% this year, ...
    04/21/2024 - 7:41 pm | View Link
  • 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
  • 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
  • PBOC's Easier Grip on Yuan May Stem From Trade-Weighted Strength
    The PBOC first set the yuan’s reference rate, or fixing, against the dollar at a weaker-than-expected level on March 22, causing the currency to drop the most in more than two months onshore. It ...
    04/18/2024 - 1:03 pm | View Link
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