China’s central bank on Wednesday set the yuan midpoint at 7.1693 per dollar, the strongest level since Nov. 8, 2024, which ...

To President Trump, one economic number represents everything that is wrong with the global economy: America’s trade deficit.

Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make ...

The US Senate’s confirmation hearing for Mr Bessent last week as Treasury Secretary was remarkable, as much of the discussion ...

Meanwhile, a detailed Chinese stimulus plan remains elusive. HSBC’s head of Asia research, Joey Chew, said domestic issues and external risks mean the outlook for the currency is “very tricky.” ...

The visit laid bare Xi’s desire to keep China’s currency strong.Now, as a new trade fight with Washington approaches, Beijing is divided on whether it will be necessary to let the currency weaken in ...

“they are sending a sign that even with the tariff situation they are trying their best to protect the currency”, said Ju Wang, head of China rates and foreign exchange strategy at BNP Pariba ...

China’s currency has weakened to a 16-month low following ... funding costs for the offshore renminbi have risen in recent days in a sign the PBoC is trying to defend the exchange rate against ...

Trump launched a tariff war with three of America’s biggest trading partners. Tariffs are a tax paid by importers that almost always get passed on to consumers. Trump is setting them at 25% for Mexico ...

"Increasing China's foreign reserves will give more ammunition to defend the currency if the market situation ... which analysts say is a sign of unease over the yuan's decline.

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He also said the US must ensure that the dollar remains “the world’s reserve currency”, while ... billion worth of imported Chinese goods and pushed Beijing to sign an agreement, known ...