China's yuan surges to 16-month peak on new stimulus measures
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines against other major currencies after soft data on the consumer.
The yuan rallied past the 7 per dollar milestone for the first time in 16 months as investors digested a raft of measures to ...
Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant to do business with the ...
Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. dollar, ...
Gains in the dollar are limited by strength in the Chinese yuan, which climbed to a 16-month high against the dollar after the government boosted stimulus measures. Also, today’s sharp rally in ...
The dollar rebounded from a 14-month low against the euro, with traders anticipating another major Federal Reserve interest ...
SHANGHAI: China’s yuan rose to a fresh 16-month high on Wednesday and briefly crossed the key 7-per-dollar level offshore, ...
Rupee rose boosted by a rally in yuan, while dollar sales from state-run banks also helped. # The ADB retained India's growth forecast for the current fiscal at 7 percent. # Interest rate futures are ...
The Australian dollar reached its highest level of the year as the Reserve Bank of Australia reaffirmed its determination to ...
However, rather than focusing solely on the short-term fluctuations of the exchange rate, investors are advised to pay more ...
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