-
China’s yuan inches higher, Sino-US trade talks in focus
09 Jun 2025 05:56 GMT
… of 0403 GMT, the onshore yuan was 0.1% higher at … of 7.2010.
The spot yuan is allowed to trade 2% … China at ING.
China’s yuan slips against dollar
“However, the … .
Hong Kong will maintain its currency peg to the US dollar, the …
-
Dollar Supremacy Under Threat Despite A Slowing China? 'Absolutely,' Says This Economist — Beijing Is The Largest Trading Partner For Half The World And They've 'Arrived'
03 Jul 2025 06:21 GMT
… s efforts extend far beyond currency peg adjustments, which he says China … away, China wants transactions in yuan and control over how they … in order to establish the yuan as more of a … despite that, he insists the yuan can continue gaining ground regionally …
-
Gulf banks debating currency peg to US dollar
11 Feb 2025 11:08 GMT
Banks have reignited the debate over whether Arabian Gulf states should peg their currencies at a fixed rate to the United States dollar, after remarks from Qatar's central bank suggesting some should examine alternatives.
Last week its director of …
-
Hong Kong intervenes to defend the local currency’s parity against the dollar
02 Jul 2025 09:16 GMT
… over the sustainability of the currency peg, although there are no immediate … Kong dollar (HKD) to the yuan or even allowing it to …
-
Hong Kong newspaper seller preparing for yuan drop
25 Jan 2025 17:25 GMT
… is betting that the Chinese yuan will weaken to parity against … changing hands.
Photo: AFP
The yuan has been dragged lower by … the sinking value of the yuan against the Hong Kong dollar … Kong’s 41 year-old currency peg against the greenback.
Speculation about …
-
This Hong Kong Newspaper Seller Is Preparing for a Yuan Crash
24 Jan 2025 23:48 GMT
… is betting that the Chinese yuan will weaken to parity against … any goods changing hands. The yuan has been dragged lower by … the sinking value of the yuan against the Hong Kong dollar … Kong’s 41 year-old currency peg against the greenback. Speculation about …
-
As Hong Kong’s currency peg marks 40th birthday with little fuss, some traders dither over its future
16 Oct 2023 01:21 GMT
“Back then, I was a money and currency trader at Citibank, and I clearly remembered the Saturday morning when the Reuters machine suddenly flashed the breaking news that the Hong Kong dollar was to be fixed at 7.8 per US dollar” with effect from October 17 …
-
Outflows Pressure Sees Chinese Yuan Slip to Seven Month Lows
21 Jun 2024 10:25 GMT
… cash floods into Hong Kong, yuan deposits in the financial hub … .
Since early May, the CNH – yuan traded in the offshore market … ’s liquidity because of the currency peg, so once the Fed starts … US dollar bought 7.261 yuan (renminbi) on Friday.
Reuters with …
-
Analysis-Cash is leaving China again, pressuring yuan
21 Jun 2024 08:38 GMT
… 47;SINGAPORE (Reuters) – A sliding yuan and extensive outflows of cash … better-yielding assets.
The yuan has dropped to seven-month … s liquidity because of the currency peg, so once the Fed … .
($1=7.2610 Chinese yuan renminbi)
(Additional reporting by Jason …
-
Continuing to Defend Currency Peg to US Dollar May Be ‘Dangerous’ for Hong Kong: Expert
06 Oct 2022 03:18 GMT
… economy. To defend the currency peg, the HKMA will have … most dangerous position.”
Yuan Depreciates Despite Official Optimism … currency.
Although the Chinese yuan has depreciated sharply against … Chinese economists believe the yuan depreciation will benefit …