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Beijing Lets Yuan Weaken by Most in 18 Months

China guided the yuan to its largest one-day drop against the U.S. dollar in a year and a half, with an intensifying trade conflict between the world’s two largest economies putting fresh pressure on the Chinese currency......»»

Category: topSource: wsjJul 12th, 2018

US Launching Five Digital Dollar Pilot Programs

US Launching Five Digital Dollar Pilot Programs By now it's common knowledge that China is leaps and bounds ahead of all other central banks in launching a CBDC, or Central Bank Digital Currency (which Beijing vows is not a challeng.....»»

Category: blogSource: zerohedgeMay 3rd, 2021

Dollar up, but yuan sluggish as traders skeptical of China PMI bounce

The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating......»»

Category: topSource: reutersMar 31st, 2020

Rout eases as China keeps yuan on a leash

A rout in global markets eased on Tuesday as China kept the yuan on a tight leash after its landmark drop past 7 to the dollar led the United States to label Beijing a currency manipulator......»»

Category: topSource: reutersAug 6th, 2019

Rout relents as China keeps yuan on leash

A rout in global markets moderated on Tuesday as China kept the yuan on a tight leash after its landmark drop past 7-per-dollar led the United States to label Beijing a currency manipulator......»»

Category: topSource: reutersAug 6th, 2019

Stock losses steepen as U.S. puts yuan in crosshairs

Global stocks extended already substantial losses on Tuesday as China's yuan currency dropped to an 11-year low after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war......»»

Category: topSource: reutersAug 5th, 2019

Internet stocks aren’t immune to global equity selloff

Shares of industry stalwarts Facebook, Alphabet’s Google, Snap, Pinterest and others tumbled after China allowed its yuan currency to fall to a more-than-10-year low versus the dollar in an escalating trade war with the U.S......»»

Category: topSource: marketwatchAug 5th, 2019

Market Snapshot: Dow tumbles over 500 points as yuan slide deepens U.S.-China trade fight

Stocks trade sharply lower, with Wall Street joining a global equity selloff after China allowed its currency to fall to a more-than-10-year low versus the dollar......»»

Category: topSource: marketwatchAug 5th, 2019

Global markets plunge after China slaps back at U.S., escalating trade war with no end in sight

Stocks sputtered after China essentially weaponized its currency by allowing the yuan to fall to an 11-year low against the dollar......»»

Category: topSource: washpostAug 5th, 2019

Yuan Weakness Revives Old Question: What Is China Doing With Its Currency?

The Chinese yuan is near its weakest level against the U.S. dollar in two months as the Trump administration’s top economic officials visit Beijing following weeks of rising trade tensions......»»

Category: asiaSource: wsjMay 5th, 2018

China tells France an Airbus deal is still alive

BEIJING (Reuters) - Chinese Premier Li Keqiang said on Monday Beijing was willing to continue talks over the purchase of Airbus jets after French President Emmanuel Macron failed to clinch a deal earlier this year......»»

Category: topSource: reutersJun 25th, 2018

China"s "Big Mama" Steps In as Yuan Tumbles Further

China’s central bank appeared to intervene to stem the yuan’s decline, after it had earlier set the currency at a six-month low against the U.S. dollar......»»

Category: asiaSource: wsjJun 28th, 2018

Global Stocks Suffer Worst Year Since 2010 As Emerging Markets, Yield Curves Collapse

The Second Half can't be any worse that the first, right?   H1 2018 was ugly for most... WORST Bitcoin Worst Start To A Year Ever German Banks At Lowest Since 1988 Onshore Yuan Worst Quarter Since 1994 Argen.....»»

Category: blogSource: zerohedgeJun 29th, 2018

Global Stocks Lost Over $10 Trillion In H1, Just Wait For The Second Half

The Second Half can't be any worse that the first, right?   H1 2018 was ugly for most... WORST Bitcoin Worst Start To A Year Ever German Banks At Lowest Since 1988 Onshore Yuan Worst Quarter Since 1994 Argen.....»»

Category: blogSource: zerohedgeJun 29th, 2018

China's Currency Just Hit Its Weakest Point Against the Dollar in Almost a Year - Wall Street Journal

Wall Street JournalChina's Currency Just Hit Its Weakest Point Against the Dollar in Almost a YearWall Street JournalThe yuan on Tuesday slumped to its weakest value against th.....»»

Category: topSource: googlenewsJul 2nd, 2018

"China doesn"t need to punish itself for others" foolish trade policies": Wall Street warns Beijing against weakening its currency

AP/Emily Wang The Chinese yuan has been sinking to fresh lows versus the dollar. Though the People's Bank of China has tolerated the depreciation beyond its stated exchange-rate policy, analysts say yuan depreciation.....»»

Category: topSource: businessinsiderJul 3rd, 2018

China"s stock, yuan rebound drives Asian markets higher

Asian shares pushed higher on Friday, clawing back earlier losses in volatile trade as China's stocks recovered sharply and the yuan bounced from a one-year low with market participants suspecting state support for the currency......»»

Category: topSource: reutersJul 20th, 2018

Why China"s Yuan Fall Hasn"t Stopped Stocks---Yet

In 2015, a drop of less than 3% in the yuan against the dollar was enough to create panic among investors world-wide. Yet this year, a far bigger drop in the Chinese currency has been all but ignored by U.S. stocks. What gives?.....»»

Category: asiaSource: wsjAug 17th, 2018

China Central Bank Reintroduces Measure to Bolster the Yuan

China is stepping up efforts to stem the yuan’s rapid depreciation, in a policy shift intended to fend off capital flight and blunt U.S. criticism that Beijing is weakening its currency as part of the countries’ trade fight......»»

Category: asiaSource: wsjAug 25th, 2018

China Puts Yuan Skeptics on Notice as Currency Nears Decade Low

After a nearly 7% selloff this year, the yuan is at the brink of hitting 7 per dollar, a threshold that could trigger further selling if Chinese businesses and individuals decide they need to expatriate capital before any further decline......»»

Category: smallbizSource: wsjOct 27th, 2018