Yuan slips on trade-war anxiety, yen jumps

Yuan slips on trade-war anxiety, yen jumps after wage data
The yuan fell on Wednesday as a new U.S.-China trade war dented Chinese markets returning from an extended Lunar New Year break, while the yen jumped against the dollar as traders raised their bets on Bank of Japan rate hikes this year.
China keeps yuan stable against US dollar: what it means for the trade war
China could allow its currency to weaken to offset the impact of US tariffs on the country’s exports, but has so far declined to do so.
Yuan Extends Loss With China Proxies as US Trade War Reignites
The offshore yuan extended losses with regional peers, as China and the US slapped tariffs on each others’ exports as the trade war came to life.
Yuan Drops Amid Renewed U.S.-China Trade War as Yen Surges on BOJ Rate Hike Bets
The yuan weakened on Wednesday as escalating U.S.-China trade tensions rattled Chinese markets post-Lunar New Year. The dollar surged over 0.5% against the yuan to 7.2856, despite the Peoples Bank of China (PBOC) setting
Dollar slides as trade war risk recedes, yen rallies
The U.S. dollar fell to its lowest in more than a week on Wednesday as investor nerves about a global trade war abated, while the Japanese yen rallied on the back of strong wage data.
China Maintains Yuan Support Via Daily Fixing Amid Trade War
China extended its support for the yuan by setting its daily reference rate for the managed currency at a level stronger than 7.2 per dollar, as escalating trade tensions with the US add to the depreciation pressure on the yuan.
Russia plans to boost yuan sales by 17% to support the rouble
Russia said on Wednesday it would boost its sales of Chinese yuan by 17% from Feb. 7 in a move seen as aimed at supporting ...
Chinese Yuan May Still Face More Downward Pressure
The yuan might still face more downward pressure, Maybank said, adding that China remains the only country that President Trump has allowed tariffs to take effect on, suggesting that China will still ...
China's central bank conducts 697b yuan reverse repos to inject liquidity into the market
In order to offset the impact of concentrated maturities of reverse repos in the open market and to keep liquidity in the banking system at an adequate level, the People's Bank of China (PBC), the ...
Animated movie ‘Nezha 2’ becomes China’s highest-grossing film during Lunar New Year surge with 5.8b yuan haul
Chinese animated film Nezha 2 became the country’s highest-grossing film today, taking more than 5.8 billion yuan (RM3.5 ...
Business Times1d
Huawei chairman says 2024 revenue exceeded 860 billion yuan
HUAWEI’S chairman said on Wednesday (Feb 5) that the tech company’s annual revenue exceeded 860 billion yuan (S$159.6 billion ...
Forbes1d
Convert Chinese Yuan To United States Dollar
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
China c.bank conducts 1.7 trln yuan of outright reverse repos in Jan
China's central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January.
Business Recorder5h
Yuan eases as China challenges Trump tariff at WTO
SHANGHAI: The yuan eased on Thursday after China sought the World Trade Organization’s intervention to rule on ...