44 分钟之前 · China's yuan dropped to its lowest level in seven weeks and stock markets slumped on Thursday after U.S. President Donald Trump unveiled a sweeping set of reciprocal tariffs that were particularly ...

2023年8月17日 · The yuan is allowed to fluctuate up or down 2% from its government-set starting price each day in tightly controlled trading. That prevents wide daily swings, but down days can add up to a big change over time. The People’s Bank of China gave no indication whether it might try to stop the latest decline.

If the government decides to devalue the RMB, it could reduce the burden of dollar-denominated debt for Chinese firms, albeit at the cost of increased inflationary pressures.

2025年1月6日 · The yuan breached the key threshold of 7.3 per dollar for the first time since 2023 on Friday, dragged lower by a triple-whammy of a broadly stronger greenback, falling Chinese yields and rising trade tensions with other economies.

2 天之前 · The renminbi has been no exception, and began to show depreciation signs in mid-April. The trend has been more noticeable since Aug 15, with the Chinese currency depreciating against the greenback by more than 5.9 percent in two months' time.

4 天之前 · The offshore yuan dipped 0.35 percent to 7.1095 per dollar during intraday trading on Tuesday, while the onshore renminbi also weakened to 7.0995 during Tuesday trading hours. The stress further piled on as the onshore RMB momentarily slipped below 7.1 on Wednesday, the first time since Nov 30.

5 天之前 · The Chinese renminbi is currently under depreciation pressure and would fall if China’s government stepped away.

2 天之前 · After a sell-off that sent the exchange rate of the onshore yuan against the greenback down to 6.81 on May 13, its weakest level since September 2020, the yuan has shown signs of stabilizing. As of Friday afternoon, the onshore yuan has …

2024年8月6日 · The offshore RMB, meanwhile, spiked 859 basis points to end at 7.1658 per dollar the same day. Data from market tracker Wind Info showed that the onshore USD/CNY pair has risen 0.84 percent from July 25 to Friday, while the offshore RMB has gained 1.7 percent during the same period.

2024年10月1日 · In particular, since the Fed started raising interest rates in March 2022, the RMB has been under depreciation pressure, falling to around 7.3 RMB per dollar. With the opening of the dollar rate cut channel, the dollar-RMB exchange rate quickly approached 7 RMB per dollar, and is expected to continue to rise in the next few years, possibly even ...