A stronger currency may be coming but policymakers in Beijing face two dilemmas that will limit their appetite for exchange ...
Over the past year, the People’s Bank of China, which manages the renminbi’s exchange rate, has allowed a gradual ...
Tim Geithner’s decision to delay the US Treasury Department’s biannual report on international economic and exchange rate policy, originally scheduled for release on April 15, probably helped avert a ...
China wants a slow, managed move in its currency. The market—and China’s trading partners—may not be as patient.
On Thursday, the offshore renminbi strengthened past the 7.0 level against the dollar for the first time since September 2024. As of Monday, the offshore renminbi had appreciated by about 4.5 percent ...
The Chosun Ilbo on MSN
Chinese yuan breaks below 7 per dollar psychological support
The Chinese yuan exchange rate has fallen below the psychological support level of 7 yuan per dollar, continuing its strong ...
China has had an inflexible exchange rate regime for many decades. Until 2015, China had a crawling-peg-like arrangement. On 11 August 2015, the People’s Bank of China (PBC) took a decisive step ...
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