Tag: Yuan depreciation
Beijing’s Resolve Tested as Weakening Yuan and Trump’s Return Fuel Tariff Worries
Beijing Navigates Choppy Waters Amid Yuan Woes and Tariff FearsAmidst the swirling economic currents of a weakening yuan and the looming specter of President Trump's return to office, Beijing finds itself at a critical...
PBOC Sets USD/CNY Reference Rate at 7.1364: Analysis and Implications
The People's Bank of China (PBOC) has set the USD/CNY central rate for the upcoming trading session at 7.1364, slightly higher than the previous day's fix of 7.1316. This decision comes amidst ongoing trade...