Yuan Drops Amid Renewed U.S.-China Trade War

China keeps yuan stable against US dollar: what it means for the trade war
China could allow its currency to weaken to offset the impact of US tariffs on the country’s exports, but has so far declined to do so.
Yuan Drops Amid Renewed U.S.-China Trade War as Yen Surges on BOJ Rate Hike Bets
The yuan weakened on Wednesday as escalating U.S.-China trade tensions rattled Chinese markets post-Lunar New Year. The dollar surged over 0.5% against the yuan to 7.2856, despite the Peoples Bank of China (PBOC) setting
China Maintains Yuan Support Via Daily Fixing Amid Trade War
China extended its support for the yuan by setting its daily reference rate for the managed currency at a level stronger than 7.2 per dollar, as escalating trade tensions with the US add to the depreciation pressure on the yuan.
China May Loosen Grip on Yuan If Trump Reignites Trade War
Currency traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting authorities to relax their tight grip, if Donald Trump’s tariffs go into effect.M
Yuan slips on trade-war anxiety; yen jumps
The yuan sank on Wednesday as a new Sino-U.S. trade war shook Chinese markets returning from an extended Lunar New Year break, while the yen jumped on rising bets of more Bank of Japan (BOJ) rate hikes this year.
Yuan Extends Loss With China Proxies as US Trade War Reignites
The offshore yuan extended losses with regional peers, as China and the US slapped tariffs on each others’ exports as the trade war came to life.
US dollar ratchets higher as China tariffs kick in; Aussie slides with yuan
The dollar strengthened broadly on Tuesday after U.S. tariffs on Chinese goods came into effect, triggering swift retaliation ...
EconoTimes17h
FxWirePro: USDCNY uptrend resumes rise as yuan falls on concerns over tariff threats
USD/CNY strengthened on Wednesday as Chinas yuan weakened amid a new trade dispute between the U.S. and China. Beijing ...
Chinese Yuan May Still Face More Downward Pressure
The yuan might still face more downward pressure, Maybank said, adding that China remains the only country that President Trump has allowed tariffs to take effect on, suggesting that China will still ...
Russia plans to boost yuan sales by 17% to support the rouble
Russia said on Wednesday it would boost its sales of Chinese yuan by 17% from Feb. 7 in a move seen as aimed at supporting ...
Exchange Rates1d
Chinese Yuan to US Dollar Spot Exchange Rates for 2023
covering the Chinese Yuan (CNY) to US Dollar (USD) conversion. Converting Chinese Yuan (CNY) to US Dollar (USD) in 2023 with the best, worst and average exchange rates of the year ...