The US president's decision to halt CBDC development may inadvertently hasten the de-dollarisation trend, smoothing path for ...
China's yuan slumped to a record low in offshore trading on Monday, while Mexico's peso and Canada's dollar tumbled to ...
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(Bloomberg) — For investors in China, fighting another trade war with the US will feel like anything but been there and done that. A lot has changed since the last trade war in 2018-19, not ...
Special $2 coloured coins have just been released to mark 120 years of the Australian Open during the first week of the tennis grand slam in Melbourne. A total of four different collectable coins ...
China is walking a tightrope on its currency. Economic fundamentals suggest a weaker yuan, but the specter of capital outflows still haunts Beijing, making it wary of any sharp moves in the currency.
The People’s Bank of China emphasized its goal to keep the yuan stable, as the currency hovers near a record low in offshore trading amid headwinds from a slowing economy. The central bank has ...
Xuan Changneng, People’s Bank of China (PBOC) Deputy Governor, said on Tuesday that the central bank “will continue to take measures to keep the Yuan exchange rate basically stable at ...
The Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the island’s ...
BEIJING: China ramped up its support for the yuan with a warning and tweaks to its capital controls after the currency dropped close to a record low against the US dollar in offshore trading.
China's imports and exports grew by 5 percent year-on-year in 2024 to reach 43.85 trillion yuan ($5.98 trillion), with the total foreign trade volume setting a new record high, according to data ...