China’s Communist Party sees U.S. dollar stablecoins as a growing global threat. A government report urges expanding digital ...

BEIJING, March 14 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 10 pips to 7.1738 against the U.S. dollar Friday, according to the China Foreign ...

China's yuan pared some earlier gains against the dollar on Tuesday after fresh U.S. tariffs on Chinese goods kicked in, heightening trade tensions and threatening to put more pressure on the uneven ...

BEIJING, March 5 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 25 pips to 7.1714 against the U.S. dollar Wednesday, according to the China Foreign ...

Swapping offshore yuan into US dollars was more cost-effective than directly financing in US dollars, Zhang said, as some large deals last year enjoyed savings of around 30 basis points.

US Dollar (USD) is expected to trade in a range between 7.2230 and 7.2520. In the longer run, while there has been no ...

What’s more, by using Hong Kong as a stepping stone, the yuan could easily become more internationalised and bypass the US dollar to be converted directly into other currencies. Apart from the ...

With the relative stability in the USD/CNY, the changes in EUR/USD transmit directly into the EUR/CNY cross and hence we have seen it move higher with the increase in EUR/USD." "As we still see ...

USD/CNY declined on Tuesday as investors trimmed their dollar long positions amid U.S. recession fears, supporting the yuan.