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China’s yuan closed at its weakest level in over 17 years on Wednesday, following a record-low drop in its offshore counterpart overnight, as tensions from the escalating U.S.-China trade war ...
[NEW YORK] A dramatic escalation in the trade war has brought China to a crossroads, with policymakers set to decide if they should retain a tight grip on the yuan or let it weaken to counter some ...
Investing.com -- Chinese equities are coming under renewed pressure as BCA Research warns that authorities are likely to let the yuan depreciate significantly in response to escalating trade ...
Investing.com-- Most Asian currencies advanced slightly on Wednesday, while the Chinese yuan reached its weakest level in more than 17 years after U.S. President Donald Trump hiked his tariffs against ...
Speculation about a devaluation of China's yuan has moved center stage along with a snapback in U.S. Treasury yields. Today's Market Minute * China refused to bow to what it called "blackmail ...
[CHITTAGONG] Pakistan has roped in Zhao Changpeng ( CZ), the co-founder of the world’s largest crypto exchange Binance, to set up a globally competitive platform for digital finance in the South Asian ...
The escalating trade conflict between the U.S. and China has reignited fears that Beijing could use financial markets to hit back at Washington. China is one of the largest overseas owners of U.S ...
China's yuan fell to a 19-month low, reflecting a six-day decline set by the PBOC. Despite the weakening, the official rate remains stronger than market predictions, signaling a focus on currency ...
Bass pointed out that China needs a strong yuan as it purchases a significant amount of goods in USD. He expressed that China’s economy is currently in a different place than the US. He also expects ...