The RMB exchange rate is perennially caught in the international spotlight. Some say it's too low, others that it should be lower. The PBOC (People's Bank of China), which sets a daily reference rate ...

The Chinese yuan crashed this week, erasing some of the gains made in the past few weeks. The USD/CNY exchange rate rose to 6 ...

: the previous day’s closing price and the ‘theoretical renminbi exchange rate against the US dollar that will keep the index of a currency basket unchanged over the past 24 hours’. So what is this ...

China’s central bank has moved to slow the renminbi’s advance as its rapid appreciation tests Beijing’s tolerance for a stronger currency that could threaten its export-oriented economy.

The Chinese yuan is soaring and beating the US dollar as the debasement trade gains steam. The USD/CNY exchange rate was trading at 6.8365, its lowest level since April 2023. It has dropped in the ...

The recent strengthening of the renminbi against the US dollar reflects the resilience of China's economic fundamentals and the improving stability of its financial system, while a weaker dollar has ...

China’s currency is surging in value against the dollar against strong depreciation expectations. This comes on the heels of an announcement last Friday by the central bank that it would introduce a ...

Ever since the People’s Bank of China announced on August 11 that it was going to depreciate the renminbi (RMB) in a “one-off” move, the global financial community has been scrambling to figure out ...