USD/CNY Slides Below 7.00 As Weak Retail Sales, Industrial Output Come Into Focus
The Chinese yuan ended the trading week below the 7.00 mark against its US counterpart. The yuan has been front and center of global financial…
Posts Tagged: COVID Zero
USD/CNY Tests 7.21 As Yuan Hammered by Chinese Protests
The Chinese yuan weakened against its US counterpart on Monday, though it had pared some of its losses. The broader global financial markets tanked in…
Chinese Yuan Finds Gains on Easing Inflation Data, Robust Credit Conditions
The Chinese yuan strengthened to close out the trading week as easing inflation data and rising US financial markets lifted the Asian currency. The has…
USD/CNY Eyes 6.9800 on Weaker Trade Data, Abysmal Growth Prospects
The Chinese yuan further weakened against the greenback as abysmal economic data weighed on the currency. It has been nothing but bad news for the…
Chinese Yuan Strengthens on Better-Than-Expected PMI Readings, Stimulus Plan
The Chinese yuan is recording a modest gain against its US counterpart to start the trading week, driven by better-than-expected economic data. The yuan has…
USD/CNY Flat As China Reopens Economy; Sectors Post Another Month of Contraction
The Chinese yuan is trading relatively flat after new data show that the government’s COVID Zero strategy weighed considerably on the world’s second-largest economy. But…