It was up 0.11% to 102.88. The People's Bank of China will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases, people with direct knowledge of the ...

In this context, China can intensify efforts to promote the internationalization of the renminbi on three fronts, Zhang said, including increasing the proportion of the yuan as a global commodity ...

[NEW YORK] China is guiding the yuan weaker at a carefully orchestrated pace, as the central bank seeks to blunt some of the economic impact of the trade war without destabilising financial markets.

Concerns over a potential U.S. recession intensified as the yuan hit record lows, prompting speculation about Federal Reserve rate cuts. Investors sought safe-haven assets, boosting the yen and Swiss ...

The yuan was last 0.4% higher at 7.3955 in the offshore market, having sank more than 1% in the previous session and hitting its weakest level on record at 7.4288 per dollar in volatile trade.

The offshore yuan languished near record lows struck overnight in early trading on Wednesday, as investors fretted about intensifying Sino-US trade tensions and the impending 104 per cent tariffs ...

SINGAPORE/HONG KONG: China’s yuan dipped further against the U.S. dollar to a fresh 19-month low on Wednesday after the currency slid to a record low in offshore markets overnight, as investors ...

President Donald Trump showed no sign of backing away from the new increase of 50% on China, which goes into effect in just a few hours, accusing Beijing of manipulating the yuan to offset the levies.

China’s tightly controlled currency fell to its weakest level in 19 months on Tuesday, as Beijing allowed the renminbi, also known as the Chinese yuan to slip further amid escalating trade tensions ...

Photo: Xinhua China Development Bank (CDB) has injected 185 billion yuan ($25.22 billion) in new loans to the top 10 economic provinces in the first quarter to accelerate major projects.

China's offshore yuan hit its lowest level since it started trading in 2010, at 7.3815 per dollar. It was last down 1.05% against the greenback to 7.423 per dollar. The dollar weakened 1% to 146. ...

The tariff news put additional pressure on the Chinese currency, with the offshore yuan (CNH) rapidly depreciating against the U.S. dollar during the day to 7.4, its weakest levels in years.