yuan

Chinese yuan hits 3½-year high as dollar slides

The Chinese yuan strengthened to approximately 6.74 per dollar on Monday, extending a rally that has brought the currency to its highest level in roughly three and a half years as the U.S. dollar continues to weaken amid fading expectations…

PBOC sets strongest yuan fix in over 3 years while braking appreciation

China's yuan is trading near its strongest level in more than three years against the dollar, with the People's Bank of China setting its daily reference rate at the firmest level since February 2023 while simultaneously acting to prevent the…

African banks deepen yuan ties as CIPS network grows

Africa is emerging as a central arena for China's push to internationalize the yuan, as financial institutions across the continent deepen their integration with Beijing's payment infrastructure amid record bilateral trade flows.

Yuan hits 3.5-year high as US inflation data weighs on dollar

China's yuan strengthened to its highest level against the US dollar in more than three years on Thursday, as softer-than-expected US inflation figures weighed on the greenback and tempered expectations for further Federal Reserve tightening.

Yuan hits three-and-a-half-year high as dollar weakens

The onshore yuan strengthened past 6.75 per U.S. dollar on Thursday, reaching its highest level in three and a half years as a weakening greenback and strong Chinese export growth bolstered the currency. According to Caixin Global, the yuan opened…

Chinese gov’t bond futures begin trading in Hong Kong

Chinese government bond futures began trading in Hong Kong on Monday, giving international investors their first offshore tool to hedge exposure to the world's second-largest sovereign debt market and marking Beijing's third attempt to establish the product outside the mainland.

Offshore yuan hits 3-year high on Politburo stimulus pledge

China's offshore yuan rose to a fresh three-year high on Friday after the People's Bank of China held its daily fixing rate stronger than 6.79 per US dollar for a third consecutive session, while a high-level Communist Party meeting reinforced…

Chinese yuan hits 3.5-year high as dollar weakens after Fed holds rates

The Chinese yuan strengthened to 6.76 per US dollar on Thursday, its firmest level since early 2023, after the Federal Reserve held interest rates steady and offered no forward guidance on its next move.

PBOC pushes back on calls for sharp yuan appreciation

China's central bank on Wednesday signaled it sees little need to engineer a rapid yuan appreciation, pushing back against growing pressure from trading partners who argue the currency remains artificially cheap.

Beijing expands yuan liquidity, bond access in Hong Kong

Beijing and Hong Kong authorities on Tuesday announced a broad package of measures to strengthen Hong Kong's position as the leading offshore renminbi hub, expanding cross-border financial connectivity and enhancing the city's role in global currency, bond, and gold trading…

China emerges as volatility hedge as investors buy in

Global investors are reassessing Chinese assets as a buffer against volatility, as the country's bond market, currency, and equities break step with turbulent global trends driven by the Middle East conflict and AI-fuelled rallies elsewhere.

Survey: 87% of global institutions now access yuan markets

Institutional investors across Asia Pacific are moving beyond early-stage access to Chinese yuan markets and are now focused on operating at scale, according to a new HSBC-commissioned survey released on Sunday. The findings arrive as multiple countries intensify efforts to…

Yuan hits two-year high as won languishes near crisis-era lows

China's yuan edged higher on Friday, on track for its first weekly gain in three weeks, while South Korea's won remained under pressure near multi-year lows — underscoring a widening divergence across Asian foreign exchange markets that has prompted emergency…

ECB’s Lagarde calls for talks on yuan undervaluation

European Trade Commissioner Maros Sefcovic will host Chinese Commerce Minister Wang Wentao in Brussels on June 29-30 for what officials have described as "crunch talks" on the bloc's widening trade deficit with China, as pressure mounts from EU leaders and…