The intensifying U.S.-China trade war and China's economic situation present a strong case for shorting the yuan by going long USD:CNY. China's low inflation and unemployment rates support a loose ...

Shanghai - In China's commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying out a political mandate to provide consumers with a ...

The post-COVID economic recovery in China weakened in Q2, which has forced the Chinese government to deploy a fresh stimulus package to assist the economy. The U.S. dollar has been gaining against the ...

Chinese traders are pulling back from the dollar, helping ease a shortage that has rattled the banking system and setting the yuan up for further gains. The dollar’s premium over the yuan, as ...

The renminbi is performing well as the Chinese economy continues to thrive. The USD/CNY exchange rate plunged to a low of 7.1300, its lowest level since November last year and 3% below its highest ...

China’s central bank stepped in to stabilize the yuan with its daily reference rate, after the currency dropped to a two-month low in response to the dollar’s surge. The People’s Bank of China set the ...

The Chinese renminbi (CNY) has gained around 0.3% against the US Dollar (USD) since Jerome Powell's speech, Commerzbank's FX analyst Volkmar Baur notes. Way is clear for a slightly lower USD/CNY ...

For the last few years, China’s central bank has been trying to ramp up the adoption of digital yuan, or e-CNY, which forms part of the country’s monetary base, M0. The bank has a designated app for e ...

When visiting China, tourists are greeted with a vibrant culture and a myriad of payment options. However, one must note that direct payment with US dollars is not feasible. To navigate this, ...