China’s central bank stepped in to stabilize the yuan with its daily reference rate, after the currency dropped to a ...

China’s currency could benefit from GDP growth, an upturn in equities and easing depreciation pressure following a temporary trade truce with the U.S.

USD/CNY slipped lower on Monday as Chinas yuan rebounded from an over two-month low following a weak U.S. jobs report and ...

USD/ CNY slipped lower on Thursday as yuan firmed as a stronger PBOC fix supported the yuan amid fresh U.S. tariff threats.

USD/CNY technical analysis The daily chart shows that the USD to CNY exchange rate bottomed at 7.2375 in January and then bounced back to 7.2877, its highest level since January 2021.

The yuan's growing use is chipping away at second-tier currencies, such as the pound, ING said. China's share of global payment transactions on the SWIFT system grew to 3% in July. But that hasn't ...