Chinese Yuan Rebounds After Sliding to 16-Year Low Against Dollar on Improving Data
The offshore Chinese yuan (CNH) has slumped to its lowest level in 16 years against the US dollar amid increasing pessimism surrounding the world’s second-largest…
Posts Tagged: EUR/CNY
Chinese Yuan Extends Weakness After Evergrande Files for Bankruptcy Protection
The Chinese yuan extended its weakness against many major currencies as the country’s economy continues to show signs of sliding following the latest news surrounding…
Chinese Yuan Extends Weakness After PBoC Slashes Interest Rates Amid Disappointing Data
The Chinese yuan extended its losses against its US counterpart in the middle of the trading week following more disappointing data emanating from the world’s…
USD/CNY Falls After China’s Inflation Comes in Lower Than Consensus Estimates
The Chinese yuan strengthened against its US counterpart in the Asian trading session in the middle of the week, driven by smaller-than-expected inflation data. For…
Chinese Yuan Flat Following Fourth Straight Monthly Contraction in Manufacturing
The Chinese yuan is flat against its major currency rivals to kick off the trading week. After another month of contraction in factory activity, the…
USD/CNY Rises After Chinese Economy Sees Lower-Than-Expected Second-Quarter GDP
The Chinese yuan weakened against its currency rivals heading into the fresh trading week following weaker-than-expected economic data. While the Chinese economy expanded in the…
Chinese Yuan Strengthens As Beijing Enters New Deflation Period
The Chinese yuan strengthened against its major currency rivals on Tuesday, with deflation trends beginning to travel throughout the world’s second-largest economy. This is in…
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…