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Chinese businesses and investors are primed for the yuan to stay steady for now and eventually depreciate as U.S. trade ...
China’s central bank on Tuesday devalued its yuan currency by nearly 2% against the U.S. dollar, as authorities seek to push market reforms and bolster the world’s second-largest economy.
One dollar now buys more than 6.6 yuan, the Chinese currency's lowest level since December. ... In another sign of investor jitters, Chinese stocks entered a bear market this week, ...
Monday afternoon, the International Monetary Fund’s (IMF) Executive Board voted in favor of allowing China’s currency — the yuan (or renminbi) — to join the ranks of the world’s most ...
The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to ...
The pound didn't stop being the world reserve currency overnight. The process started around 1870 and was completed in 1945. For the yuan to take over from the dollar, the Chinese would have to do ...
The United States just formally labeled China a “currency manipulator.” The move is largely symbolic, but it does show that the trade spat between the world’s two largest economies is likely ...
The United States just formally labeled China a “currency manipulator.” The move is largely symbolic, but it does show that the trade spat between the world’s two largest economies is likely ...
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