Chinese, Filipino Banks Team Up for Easier Currency Exchange
China’s central bank today fixed the yuan’s trading midpoint 197 basis points lower at 6.9574 versus the US dollar, the weakest level since May 2008.
China's central bank has voiced a veiled warning for those who wish to short sell the Chinese yuan as the currency keeps on facing depreciation pressures.
China and Japan have ended a long hiatus in currency exchange between the two countries on Japanese Prime Minister Shinzo Abe’s visit to Beijing.
China does not manipulate the exchange rate of its currency the yuan to gain unfair trade advantages, the US…
Governments around the world will increase their holdings of Chinese yuan as official foreign exchange reserves, and its short-term depreciation…
The central parity rate of the Chinese yuan against the US dollar has continued to fall for a seventh consecutive days hitting a 19-month low.
The central parity rate of the Chinese yuan against the US dollar has continued its descent, hitting a 17-month trough, though some analysts do not expect further significant falls in the future.
The Chinese yuan fell to its lowest rate against the dollar in almost two months following comments from US Federal…
Chinese Yuan Weakens to Over One-Month Low After US Fed Pushes Up Rates