HONG KONG (Reuters) -The yuan came under renewed pressure against the dollar on Thursday, giving up some initial gains as markets reflected on a Reuters report that China may weaken the yuan to ...

China's yuan rose to its strongest level in nearly 16 months on Friday on bets that Beijing will unveil fresh economic stimulus following a jumbo U.S. rate cut. The onshore yuan strengthened to as ...

China’s yuan has tightened its grip on global currency markets, rising to 8.5% of all foreign exchange trades this year and keeping its fifth-place ranking worldwide, according to the Bank for ...

China is slowing down a long rally in the yuan and is likely to keep further currency gains to a minimum this year, market participants say, as authorities step in to support exporters.

China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy. Unlike the Fed's focus on a main interest rate, the ...

After the U.S. and its allies sanctioned Russia in 2022 for its invasion of Ukraine, Moscow turned away from the dollar and euro in international transactions and relied more on China's yuan. That ...

Chinese assets have had a terrible year—but China’s currency is gaining ground as an international payments option. The yuan’s status as a global currency still faces a huge obstacle in the form of ...

The Chinese yuan's takeover of Russia's foreign-exchange market is nearly complete after US sanctions forced the country's main exchange to cut ties with the dollar and euro, Bloomberg reported. In ...

The markets appear to have stabilized after melting down on Monday, but there's a new worry on the horizon in the form of the Chinese yuan. Monday's massive market selloff — the worst on the Nikkei ...

Analysts think a major devaluation of China’s currency is unlikely, but Tuesday brought a tiny step in that direction. The People’s Bank of China, the central bank, set its reference rate at 7.2038 ...

SHANGHAI, Dec 21 (Reuters) - The yuan eased on Thursday, as offshore yuan funding costs fell and China's blue-chip stock index hovered near 5-year lows. With offshore liquidity easing, the cost of ...