Chinese Yuan Struggles for Direction As Investors Monitor GDP Target, Stimulus Proposals
The Chinese yuan struggled for direction against the US dollar to start the trading week. Global financial markets are monitoring the economic situation in the…
Posts Tagged: CAIXIN
Chinese Yuan Weakens After Mixed Factory Activity To Finish 2023
The Chinese yuan weakened against its US counterpart on Tuesday as the world’s second-largest economy faced mixed manufacturing data. The yuan has been one of…
Chinese Yuan Shrugs Off Abysmal Manufacturing, Services Data As Economy Slows
The Chinese yuan recorded modest gains against its US counterpart in the Asian trading session as investors moved on from the latest economic data. After…
Chinese Yuan Records Tepid Gains After Better-Than-Expected Manufacturing Data
The Chinese yuan recorded tepid gains against some of its major currency rivals to kick off the trading week, driven by better-than-expected economioc data last…
USD/CNY Flat As Factory, Services Activity Contracts in August
The Chinese yuan is trading relatively flat against the US dollar in the middle of the trading week as weak economic data weighed on the…
USD/CNY Falls Amid Mixed PMI Readings — Has China’s Economy Peaked in 2021?
The Chinese yuan erased its losses against the US dollar in overnight trading and strengthened below 6.47. The yuan is trying to gain momentum heading…