Tag: yuan

Asia FX Rises on Weakening Dollar, Yuan Dips as Zero COVID Persists By Investing.com

© Reuters. By Ambar Warrick  Investing.com-- Asian currencies rose slightly on Monday, recovering some lost ground from last week as the dollar retreated, although China’s commitment to maintaining its strict zero-COVID policy dented the yuan. The...

China’s digital currency passes 100 billion yuan in spending

© Reuters. FILE PHOTO: A sign indicating digital yuan, also referred to as e-CNY, is pictured at a shopping mall in Shanghai, China May 5, 2021. REUTERS/Aly Song SHANGHAI (Reuters) - Transactions using China's...

China’s digital yuan foray sees transactions surpass ¥100 billion

The number is put out by the PBOC, with the spending covering 360 million transactions in plot areas involving 15 provinces and municipalities. According to the central bank, there are more than 5.6...

Analysis-China digs deep into bag of yuan tricks to resist dollar steamroller By Reuters

© Reuters. FILE PHOTO: Woman holds Chinese Yuan banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo SHANGHAI (Reuters) - Chinese authorities have rolled out an array of tried-and-true manoeuvres in recent...

Russian business lobby calls for c. bank to accelerate yuan reserves By Reuters

© Reuters. Banknotes of Chinese yuan and Russian rouble are seen amid flags of China and Russia in this illustration picture taken September 15, 2022. REUTERS/Florence Lo/Illustration MOSCOW (Reuters) - Russia's top business lobby...

Chinese Yuan Hit by Mixed PMIs, Asia FX Eyes Steep Monthly Losses By Investing.com

© Reuters. By Ambar Warrick Investing.com-- China’s yuan fell on Friday following mixed signals from business activity data, while Asian currencies headed for steep monthly losses as a hawkish Federal Reserve and a robust...
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