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…
Posts Tagged: Industrial Profits
USD/CNY Rises As China Faces Worst Lockdown Restrictions Since Start of Pandemic
The Chinese yuan is weakening against its US and European counterparts to kick off the trading week. The yuan is struggling as the country faces…
USD/CNY Rises As PBoC Confirms No ‘Premature’ Exit From Monetary Stimulus
The Chinese yuan is weakening against its US peer in the middle of the trading week as the nation’s central bank revealed that it would…
Chinese Yuan Rises to 30-Month High After PBoC Publishes Latest Guidance
The Chinese yuan is trading at its best level against the US dollar in more than two years, buoyed by the central bank published its…
USD/CNY Rises Back Above 7 on Talks PBoC Is Pausing Easing
The Chinese yuan weakened against the US dollar this week, rising back above the key seven threshold. The yuan is slumping on reports that the…
Chinese Yuan Gains on Strong PMI Readings, PBoC Easing
The Chinese yuan is strengthening against many of its major currency counterparts on Tuesday. The yuan’s gains are being driven by better-than-expected data and the…