Tag: Chinese

Chinese cities brace for wave of Foxconn workers from COVID-hit Zhengzhou

Cities in central China hastily drew up plans to isolate migrant workers fleeing to their hometowns from a vast assembly facility of iPhone maker Foxconn in COVID-hit Zhengzhou city, fearing the returnees may...

Chinese Yuan Weighed Down by COVID Jitters, Yen Mixed on Dovish BoJ By Investing.com

© Reuters. By Ambar Warrick Investing.com-- China’s yuan lagged gains in its Asian peers on Friday as the country introduced new COVID lockdown measures, while the yen saw volatile trade amid dovish signals...

Chinese Yuan Sees Record One-Day Move on US Dollar Selling as Industrial Profits Near

Chinese Yuan, USD/CNH, PBOC, Industrial Profits, Market Sentiment – Talking PointsAsia-Pacific markets eye a mixed open after US stocks fall alongside US DollarChinese industrial profits are on tap as the Yuan gains amid...

PBOC intervention – Chinese state banks sold dollars to support yuan late on Tuesday

> PBOC intervention - Chinese state banks sold dollars to support yuan late on Tuesday ...

Chinese state banks sold dollars to support yuan late on Tuesday

© Reuters. FILE PHOTO: Woman holds Chinese Yuan banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration SHANGHAI/BEIJING (Reuters) - Major Chinese state-owned banks sold U.S. dollars in both onshore and offshore markets...

Chinese Yuan Slips, Asia FX Muted as Dollar Steadies By Investing.com

By Ambar Warrick  Investing.com-- China’s yuan led losses across Asian currencies on Tuesday amid growing concerns over Beijing’s political climate, while broader Asian currencies moved little as the dollar steadied from recent losses. The slipped...
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