China is walking a tightrope on its currency. Economic fundamentals suggest a weaker yuan, but the specter of capital outflows still haunts Beijing, making it wary of any sharp moves in the currency.
Yuan funding costs in Hong Kong surged to levels unseen in years, signaling concern that Beijing’s efforts to stabilize the currency may lead to tighter liquidity in the offshore market.
The yuan hovered near 16-month lows against the dollar on Monday, despite more support measures for the currency and as the greenback remained buoyant following strong U.S. jobs data. The yuan is ...
SHANGHAI/HONG KONG, Jan 13 (Reuters) - China announced more tools to support its weak currency on Monday, unveiling plans to park more dollars in Hong Kong to bolster the yuan and to improve ...
Currency traders are waiting to see if the People’s Bank of China will set the so-called fixing at a level weaker than 7.2 per dollar, a closely watched line, around which the yuan is allowed ...
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Sun Yuan and Peng Yu are a duo of contemporary Chinese artists whose collaborative works intend to elicit strong emotional and physical reactions in the viewer. Employing robotic apparatuses, live ...
Q: What is the Dollar worth against the Yuan? A: One Dollar is worth 7.3311 Yuan today Q: Is the Dollar going up or down against the Yuan? A: Today's exchange rate (7.3311) is higher compared to ...
Q: What is the Yuan worth against the Dollar? A: One Yuan is worth 0.1364 Dollars today Q: Is the Yuan going up or down against the Dollar? A: Today's exchange rate (0.1364) is the same value ...
That sent the offshore yuan 0.2% higher. The move is a sign authorities are ramping up support for the yuan in the face of the dollar’s resilience and growing expectations that China will ...
GEORGE TOWN: This time of year, 71-year-old Lee Swee Hun leads her family – including children and grandchildren – in rolling tang yuan (glutinous ... and Johnas Ong Sin Keong, five.