Yuan eases to 16-month low, pressured by strong dollar
1 day, 13 hours ago

Yuan eases to 16-month low, pressured by strong dollar

Live Mint  

SHANGHAI, Jan 8 - China's yuan fell to a 16-month low on Wednesday, pressured by a strong dollar and tariff threats from U.S. President-elect Donald Trump's incoming administration, despite the central bank setting stronger-than-expected guidance. "The yuan is expected to face depreciation pressure, not only from tariff hikes but also from a significantly stronger dollar," said Wang Tao, chief China economist at UBS. The spot yuan opened at 7.3250 per dollar and was last trading 31 pips lower than the previous late session close at 7.3315 as of 0226 GMT, the lowest level since September 2023. LEVELS AT 0226 GMT INSTRUMENT CURRENT UP/DOWN VS. CHANGE HIGH LOW PREVIOUS YR-TO-D CLOSE % ATE Spot yuan 7.3315 -0.07 -0.44 7.325 7.3319

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History of this topic

Rupee to face pressure as upbeat US data reignites dollar uptrend
1 day, 14 hours ago

Rupee to face pressure as upbeat US data reignites dollar uptrend

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 8 - The Indian rupee is likely to open weaker on Wednesday after upbeat U.S. economic data lifted U.S. bond yields, prompting the dollar to resume its uptrend. The dollar index dipped during Asia trade to 108.5 after rising 0.3% on Tuesday as data showed that job openings in the U.S. grew to 8.098 million, …

Strong dollar keeps metals’ gains in check
6 days, 15 hours ago

Strong dollar keeps metals’ gains in check

Live Mint  

By Violet Li and Mei Mei Chu SHANGHAI, Jan 3 - Most base metals edged up within tight ranges on Friday, influenced by mixed macroeconomic data from China and the United States, but gains were limited by a stronger U.S. dollar. The most-traded January copper contract on the Shanghai Futures Exchange dropped 0.3% to 73,070 yuan a ton. LME aluminium …

Dollar eases in cautious start to 2025; yen lingers at five-month lows
Trending News
1 week ago

Dollar eases in cautious start to 2025; yen lingers at five-month lows

Live Mint  

By Ankur Banerjee SINGAPORE - The U.S. dollar wobbled at the start of 2025 trade on Thursday after a strong year of gain against most currencies, with the yen anchored near its lowest level in more than five months as investors ponder U.S. interest rates staying higher for longer. A wide interest rate difference between the U.S. and other economies …

PBOC Boosts Support for Yuan After Currency’s Year-End Tumble
1 week ago

PBOC Boosts Support for Yuan After Currency’s Year-End Tumble

Live Mint  

-- China is keeping its hand firmly on the yuan, supporting the currency via the official daily reference rate after it slid to the weakest level since 2022 at year-end in offshore trading. China’s currency has come under pressure in recent months amid persistent concern about the country’s growth and escalating trade tensions with the US as President-elect Donald Trump …

The bad and good of rupee weakening against dollar
2 weeks, 2 days ago

The bad and good of rupee weakening against dollar

India Today  

The rupee, on December 19, fell to a record low against the dollar, breaching the 85 mark for the first time. Although the rupee has been seeing much volatility in recent months, it saw a big drop against the dollar ever since Donald Trump won the US presidential election, falling from 84.11 to a dollar on November 5 to 85.07 …

Fed Forces Asia To Choose: Accept Weaker Currencies or Push Back
3 weeks ago

Fed Forces Asia To Choose: Accept Weaker Currencies or Push Back

Live Mint  

-- Central banks across Asia face a difficult decision after the Federal Reserve’s hawkish cut — stage a costly fight back against dollar strength, or stand by and watch their currencies falter. “It is hard to fight the higher dollar move against Asian currencies when it is primarily dollar driven, which means regional central banks would have to play defence …

Tailwinds favoring foreign trade enterprises
Trending News
3 weeks, 3 days ago

Tailwinds favoring foreign trade enterprises

China Daily  

Automated vehicles deliver cargo at Qingdao Port's fully automated terminal in Shandong province on Dec 3. ZHANG JINGANG/FOR CHINA DAILY China will ramp up financial support, cultivate new growth engines, and strengthen services for foreign trade enterprises in order to unlock momentum and foster resilience in the country's foreign trade sector — a critical pillar underpinning overall economic growth, officials …

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy
4 weeks ago

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy

Firstpost  

China is considering allowing its currency yuan to weaken in 2025 as the country braces for higher US trade tariffs as Donald Trump returns to the White House on January 20, 2025 As per analysts, the yuan may fall to 7.37 per dollar by the end of 2025, though a key factor will be how much Donald Trump raises tariffs …

China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies
4 weeks, 1 day ago

China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies

Live Mint  

Emerging-market currencies dropped Wednesday, with an index of developing-nation currencies heading for its steepest one-day loss in a week and a half. The depreciation supports Chinese exporters but raises risks of capital outflows and financial instability, challenges that could ripple through emerging markets tied to Chinese demand, as cheaper Chinese undercut competitors in other developing economies. The correlation between China’s …

China's foreign trade up 4.9% in first 11 months
4 weeks, 2 days ago

China's foreign trade up 4.9% in first 11 months

China Daily  

By Zhong Nan | chinadaily.com.cn | Updated: 2024-12-10 11:12 China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during …

China's foreign trade up 4.9% in first 11 months
4 weeks, 2 days ago

China's foreign trade up 4.9% in first 11 months

China Daily  

China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during this period, customs data showed. The import and export …

3 factors that pulled China's yuan to 4-month low against dollar despite impressive PMI numbers
Trending News
1 month, 1 week ago

3 factors that pulled China's yuan to 4-month low against dollar despite impressive PMI numbers

Firstpost  

China’s yuan fell to a low 7.2675 per dollar, its weakest since July 24 on Monday despite private manufacturing survey showing that the country’s factory activity expanded at the fastest pace in five months in November Aiming to takeover US dollar and becoming world’s principal reserve currency, China’s yuan slipped to a four-month low raising concerns that the second largest …

China's yuan slides to 4-month low on tariff threats and mixed PMI data
1 month, 1 week ago

China's yuan slides to 4-month low on tariff threats and mixed PMI data

Hindustan Times  

SHANGHAI, - The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index data raised concern China's economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China's factory activity expanded at the fastest …

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says
1 month, 2 weeks ago

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Higher tariffs on Chinese exports …

Asia shares wobble on China angst; long-end US bond yields rise with dollar
Trending News
1 month, 3 weeks ago

Asia shares wobble on China angst; long-end US bond yields rise with dollar

Live Mint  

By Rae Wee SINGORE - Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy. In the broader market, traders responded to a U.S. inflation print that was in line with expectations by ramping up bets of …

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs
1 month, 4 weeks ago

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs

Hindustan Times  

SHANGHAI, - China's yuan skidded to a 3-1/2-month low against the dollar on Tuesday, hurt by broad strength in the U.S. currency and persistent market worries over higher tariffs on Chinese goods during Donald Trump's second presidency. During Trump's first presidency, the yuan weakened about 5% against the dollar in the initial round of U.S. tariffs on Chinese goods in …

Dollar winds down after volatile week, China NPC in focus
2 months ago

Dollar winds down after volatile week, China NPC in focus

Live Mint  

By Rae Wee SINGORE, - The dollar took a breather on Friday, on track to cap off a wild week with a slight gain as markets weighed the impact of Donald Trump's impending return to the White House and what that would mean for the U.S. economy and its rate outlook. meeting doesn't change the view that the Fed is …

Foreign trade poised for steady growth amid headwinds
2 months ago

Foreign trade poised for steady growth amid headwinds

China Daily  

By Zhong Nan and Ouyang Shijia in Shanghai | China Daily | Updated: 2024-11-08 07:09 China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers …

China's foreign trade up 5.2% in Jan-Oct period
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade up 5.2% in Jan-Oct period By Zhong Nan in Shanghai chinadaily.com.cn Updated: Nov 07, 2024 China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year …

Dollar struggles to find footing on rising bets of outsized Fed cut
4 months ago

Dollar struggles to find footing on rising bets of outsized Fed cut

The Hindu  

The dollar stayed on the back foot on Thursday as renewed concerns over the U.S. economy's growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month. Global markets have been on edge and stocks, in particular, have been badly bruised after softer-than-expected U.S. data this week reignited concerns that the growth outlook of the world's …

After war with yuan bears, China keen to avert sharp gains
4 months, 1 week ago

After war with yuan bears, China keen to avert sharp gains

The Hindu  

Having spent all year putting a floor under the tumbling yuan, China’s central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop the currency from appreciating sharply. “While the pressure on the yuan may ease as the Fed may finally cut interest rates, there may be sudden and significant movements in capital flows.” …

China's foreign trade up 6.2% in first 7 months
5 months ago

China's foreign trade up 6.2% in first 7 months

China Daily  

By Wang Keju| chinadaily.com.cn| Updated :2024-08-09 China's total goods imports and exports expanded 6.2 percent year-on-year in the first seven months of this year to 24.83 trillion yuan, data from the General Administration of Customs showed on Wednesday. The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period, while imports climbed 5.4 percent to 10.57 trillion …

China's foreign trade up 6.2% in first 7 months
5 months ago

China's foreign trade up 6.2% in first 7 months

China Daily  

China's total goods imports and exports expanded 6.2 percent year-on-year in the first seven months of this year to 24.83 trillion yuan, data from the General Administration of Customs showed on Wednesday. The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period, while imports climbed 5.4 percent to 10.57 trillion yuan, according to the administration. China's …

China's foreign trade up 6.2% in first 7 months
5 months ago

China's foreign trade up 6.2% in first 7 months

China Daily  

China's total goods imports and exports expanded 6.2 percent year-on-year in the first seven months of this year to 24.83 trillion yuan, data from the General Administration of Customs showed on Wednesday. The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period, while imports climbed 5.4 percent to 10.57 trillion yuan, according to the administration. China's …

China's foreign trade up 6.2% in first 7 months
5 months ago

China's foreign trade up 6.2% in first 7 months

China Daily  

China's total goods imports and exports expanded 6.2 percent year-on-year in the first seven months of this year to 24.83 trillion yuan, data from the General Administration of Customs showed on Wednesday. The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period, while imports climbed 5.4 percent to 10.57 trillion yuan, according to the administration. China's …

Market sees moves to stabilize yuan
6 months ago

Market sees moves to stabilize yuan

China Daily  

Additional policy measures supportive of yuan stability appear to be in the pipeline, to counter the lingering uncertainties of US monetary policy and help the Chinese currency gain a firmer footing against the greenback in the second half of the year, analysts said. To ensure yuan stability, Liu said policymakers may need to take measures such as cutting the foreign …

China's foreign trade up 8.7% in Jan-Feb period
10 months ago

China's foreign trade up 8.7% in Jan-Feb period

China Daily  

China's foreign trade expanded 8.7 percent year-on-year to 6.61 trillion yuan in the first two months of 2024, official data showed on Thursday. China's trade with ASEAN countries rose 8.1 percent year-on-year to 993.24 billion yuan, accounting for 15 percent of the country's total trade value. From January to February, China's trade with the European Union declined 1.3 percent from …

China's foreign trade up 0.03% through to October
1 year, 2 months ago

China's foreign trade up 0.03% through to October

China Daily  

A US cargo ship docks at the Qingdao Port, Shandong province. China's total goods imports and exports edged up 0.03 percent year-on-year in the first ten months of this year to 34.32 trillion yuan, customs data showed on Tuesday. Exports increased 0.4 percent year-on-year during the January-October period to 19.55 trillion yuan while imports dipped 0.5 percent year-on-year to 14.77 …

China's stocks hit nine-month low as Chinese yuan weakens
1 year, 4 months ago

China's stocks hit nine-month low as Chinese yuan weakens

Op India  

As China’s currency continues to weaken, Chinese stocks hit nine-month lows and the yuan fell on Monday as the authorities’ efforts to revive demand failed to inspire investors, reported Channel News Asia. According to Channel News Asia, analysts say Monday’s modest rate cut shows authorities are concerned about the risks of a major yuan selloff and capital flight, with any …

China's July exports tumble by double digits, adding to pressure to shore up flagging economy
1 year, 5 months ago

China's July exports tumble by double digits, adding to pressure to shore up flagging economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China's exports plunged by 14.5% …

China exports slumped 12.4% in June from a year earlier as global demand weakened
1 year, 5 months ago

China exports slumped 12.4% in June from a year earlier as global demand weakened

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

上半年人民币贷款增加15.73万亿元
1 year, 5 months ago

上半年人民币贷款增加15.73万亿元

China Daily  

中国人民银行发布的最新数据显示，今年上半年，我国人民币贷款增加15.73万亿元，同比多增2.02万亿元。 File photo shows a bank staff member counts 100-yuan banknotes at the Beijing Branch of the Bank of Communication in Beijing, capital of China. China's yuan-denominated loans rose by 15.73 trillion yuan in the first half of the year, central bank data showed Tuesday. 上半年净投放现金789亿元。 Total new social financing in the first half of the year amounted to 21.55 …

Dollar fast losing dominance as global reserve currency as rupee, yuan rise
1 year, 8 months ago

Dollar fast losing dominance as global reserve currency as rupee, yuan rise

Firstpost  

Dollar’s share of global reserves has declined by 11 per cent since 2016 on this adjusted basis, a report by Eurizon SLJ Asset Management said New Delhi: Dollar, which has been ruling as the global reserve currency, is gradually losing its dominance especially after the onset of the Russia-Ukraine war last year. The US currency saw a massive decline of …

US dollar fast losing out to the Chinese yuan, says 'Doctor Doom' Nouriel Roubini
1 year, 11 months ago

US dollar fast losing out to the Chinese yuan, says 'Doctor Doom' Nouriel Roubini

Firstpost  

Nouriel Roubini said even though there is no currency yet which is capable of knocking the US dollar off its pedestal, but the greenback is rapidly losing its competitive advantage to the Chinese yuan New York: The US dollar is quickly losing its competitive edge and its status as the world’s main reserve currency is in jeopardy, said economist Nouriel …

China’s Yuan Hits 15-year Low, Days After Xi Extends Rule
2 years, 2 months ago

China’s Yuan Hits 15-year Low, Days After Xi Extends Rule

News 18  

China’s yuan hit a 15-year low against the US dollar on Tuesday, with investors spooked after President Xi Jinping gained complete dominance over the Communist Party at a key meeting last week. The offshore yuan — which is circulated outside mainland China and is more freely traded than currency in the domestic market — fell to 7.3735 against the dollar, …

China’s yuan slides to 14-year low after US rate hikes
2 years, 3 months ago

China’s yuan slides to 14-year low after US rate hikes

Associated Press  

BEIJING — China’s yuan fell to a 14-year low against the dollar Wednesday despite central bank efforts to stem the slide after U.S. interest rate hikes prompted traders to convert money into dollars in search of higher returns. On Wednesday, a deputy central bank governor, Liu Guoqiang, held a video meeting with Chinese bankers and told them to “maintain the …

China’s yuan sinks to record low against the dollar
2 years, 3 months ago

China’s yuan sinks to record low against the dollar

Al Jazeera  

Chinese currency’s slide comes despite central bank taking steps to prop up its value. China’s yuan has tumbled to a record low against the US dollar in offshore trading, joining a host of currencies experiencing sharp declines against the greenback. The offshore yuan, which is traded outside mainland China, fell to 7.2386 against the dollar on Wednesday, the Bloomberg news …

Foreign trade set to post stable growth this year
2 years, 6 months ago

Foreign trade set to post stable growth this year

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. Analysts said China's foreign trade is expected to post stable growth this year, despite unprecedented challenges, which include high raw material costs and fierce competition from countries in Southeast Asia. China's foreign trade rose 8.3 percent year-on-year to 16.04 trillion yuan in the first five months of …

China's foreign trade up 22.7% Jan-Sept
3 years, 2 months ago

China's foreign trade up 22.7% Jan-Sept

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. China's foreign trade in goods in the first three quarters of 2021 totaled 28.33 trillion yuan, up by 22.7 percent year-on-year, the latest data from General Administration of Customs showed on Wednesday. Exports grew by 22.7 percent on a yearly basis to 15.55 trillion yuan and imports rose by …

China's foreign trade up 22.7% Jan-Sept
3 years, 2 months ago

China's foreign trade up 22.7% Jan-Sept

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. China's foreign trade in goods in the first three quarters of 2021 totaled 28.33 trillion yuan, up by 22.7 percent year-on-year, the latest data from General Administration of Customs showed on Wednesday. Exports grew by 22.7 percent on a yearly basis to 15.55 trillion yuan and imports rose by …

Growth of foreign trade expected to remain strong
3 years, 7 months ago

Growth of foreign trade expected to remain strong

China Daily  

By Zhong Nan| China Daily| Updated :2021-06-08 China's foreign trade will continue its upward trend this year, though it is vital for the government and exporters to curb the pressure brought by high commodity prices and shipping container costs, experts and business leaders said on June 7. They commented after the General Administration of Customs announced that China's foreign trade …

Growth of foreign trade expected to remain strong
3 years, 7 months ago

Growth of foreign trade expected to remain strong

China Daily  

China's foreign trade will continue its upward trend this year, though it is vital for the government and exporters to curb the pressure brought by high commodity prices and shipping container costs, experts and business leaders said on June 7. They commented after the General Administration of Customs announced that China's foreign trade soared 28.2 percent year-on-year to 14.76 trillion …

Asian stocks creep higher on US stimulus hopes, yuan sinks
4 years, 2 months ago

Asian stocks creep higher on US stimulus hopes, yuan sinks

Live Mint  

Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains. The People's Bank of China has scrapped a requirement for banks to hold a reserve of yuan forward contracts, removing a guard …

Rupee falls 19 paise to 75.90 in early trade; Asian currencies turn weak due to escalation of US-China tensions
4 years, 7 months ago

Rupee falls 19 paise to 75.90 in early trade; Asian currencies turn weak due to escalation of US-China tensions

Firstpost  

The rupee depreciated 19 paise to 75.90 against the US dollar in opening trade on Thursday tracking weak Asian currencies amid an escalation of tension between the US and China Mumbai: The rupee depreciated 19 paise to 75.90 against the US dollar in opening trade on Thursday tracking weak Asian currencies amid an escalation of tension between the US and …

China's economy slumps to 6.1% in 2019, lowest in 29 years; weak domestic demand, trade war with US take toll on world's second-largest economy
4 years, 11 months ago

China's economy slumps to 6.1% in 2019, lowest in 29 years; weak domestic demand, trade war with US take toll on world's second-largest economy

Firstpost  

In 2018, China’s economy sank to a 28-year low slowing down to 6.6% year on year, lower than the 6.8% growth registered in 2017 as it grappled with the continued slowdown amid the trade war with US and declining exports. Beijing: China’s GDP grew by 6.1 percent last year, the lowest in 29 years, the government said on Friday, as …

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