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  • Chinese yuan strengthens to 6.4853 against USD Thursday

    The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 62 pips to 6.4853 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

    August19,2021


  • Chinese yuan strengthens to 6.4734 against USD Tuesday

    The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 29 pips to 6.4734 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

    July27,2021


  • Chinese yuan strengthens to 6.4651 against USD Thursday

    The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 184 pips to 6.4651 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

    July22,2021


  • Chinese yuan to remain stable: PBOC deputy governor

    The exchange rate of the Chinese currency renminbi, or the yuan, is expected to remain stable, with two-way fluctuations becoming normal, said Pan Gongsheng, deputy governor of the People's Bank of China (PBOC) Thursday.

    June11,2021


  • Where will the Chinese currency yuan be heading for?

    After China announced to hike the required reserve ratio (RRR) for foreign currency deposits by two percent from June 15, market players broadly interpreted the move as a signal to smash the overheated one-way appreciation expectations on the Chinese currency yuan.

    June03,2021


  • Thai Ministry of Finance, central bank keeping eye on baht gains

    The Thai baht has kept surging and the exchange rate is expected to surpass 30 baht/U.S. dollar this year. Thai Prime Minister and Defense Minister Prayut Chan-o-cha said that the government has been engaged in discussions on the issue with the Bank of Thailand (BOT)

    January03,2020


  • IMF report proves U.S. claim groundless: experts

    The International Monetary Fund's (IMF's) latest report added evidence that the U.S. labeling of China as a "currency manipulator" is groundless, experts said.

    August13,2019


  • Economists expect stable yuan in long run despite recent slip

    Economists said the Chinese yuan's recent slip below the 7 mark against the U.S. dollar was overstated, and they remained optimistic that the currency will stabilize in the long run rather than depreciate sharply.

    August12,2019


  • Stable RMB exchange rate is the cornerstone of economic growth

    The exchange rate of the RMB against dollar as well as against a basket of currencies has gradually shifted from unilateral appreciation to two-way fluctuation with both depreciation and appreciation, which is very important for the stable development of China's economy under the new normal.

    April24,2019


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