DXY Weakens After Japanese Election, China Urges Banks to Limit US Bond Buying
The US dollar weakened at the start of the trading week after rallying 1.5% last week. The greenback struggled to maintain momentum amid renewed strength…
Posts Tagged: USD/CNH
USD/CNH Flat as Chinese Consumer Inflation Rises for Third Straight Month
The Chinese yuan was little changed in Asian trading after the world’s second-largest economy reported the fastest pace of inflation in nearly three years in…
USD/CNH Dips As China Flirts With Deflation, Registers Drop in Exports, Imports
The Chinese yuan strengthened slightly on Tuesday against several currency counterparts as investors became ebullient about the country’s easing efforts. The yuan has had a…
USD/CNH Slips After China Slashes Interest Rates To Bolster Economy
The Chinese yuan recorded modest gains against some of its currency counterparts after the world’s second-largest economy cut interest rates again to stimulate growth prospects….
Chinese Yuan Strengthens After Beijing Slashes Reserve Requirements, Interest Rates
The Chinese yuan strengthened on Tuesday after the central bank slashed interest rates to stimulate the world’s second-largest economy. China’s growth prospects have slowed considerably…
Chinese Yuan Weakens After Imports Soar, Exports Ease in July
The offshore Chinese yuan weakened against the US dollar in the middle of the trading week following key trade data. Global financial markets have been…
Chinese Yuan Weakens After Beijing Faces Deflation Threat Following Latest CPI Data
The Chinese yuan weakened against the US dollar on Wednesday after new inflation data suggested that China is grappling with a case of deflation. The…
Chinese Yuan Flat After Stronger-Than-Expected Retail Sales, Industrial Data
The Chinese yuan weakened slightly against its US counterpart despite stronger-than-expected data to kick off the year. China, the world’s second-largest economy, had an abysmal…