China Last Night KraneShares Key News Asian equities were mixed, as Japan, Taiwan, and South Korea closed on a positive note while the remainder of the region was off. China and Hong Kong opened highe...
Tag: Renminbi
China’s Renminbi Falls Most against USD Since 2008, China Eases Support for Currency
The Chinese central bank has intervened to support the Renminbi by setting stronger-than-expected Renminbi fixings for 25 straight sessions. The Chinese Renminbi has dropped to its weakest levels toda...
USD/CNY forecast as the renminbi crash eases
The USD/CNY exchange has been in a strong bullish trend this year, pushing the Chinese yuan and the renminbi to the lowest level since August 2020. The pair has jumped by almost 10% this year. This me...
Bank Of China “Quite Cautious” About U.S. Growth Outlook: U.S.-China Business Forum
Bank of China’s U.S. President Hu Wei, right, with Steve Orlins, president of the National Committee … [+] on U.S.-China Relations, at the U.S.-China Business Forum at Forbes on Fifth in N...