Chinese yuan surged to a 16-month high
Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus
China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar level since May 2023.
Chinese yuan hits strongest level against the dollar in over a year
China’s yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
Global Currencies React to China's Stimulus Measures
The yen weakened against major currencies while the yuan hit its strongest level in over a year, driven by China's aggressive stimulus measures. The euro, sterling, and Australian dollar also gained.
China's yuan continues upward climb after Beijing's stimulus roll-out
The Chinese yuan jumped to its highest level in over a year on Wednesday, following a series of heavyweight policy moves from its central bank a day earlier and an interest-rate cut from the US Federal Reserve last week,
China's yuan surges to 16-month peak on new stimulus measures
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines against other major currencies after soft data on the consumer.
Yuan Surges to 16-Month High Amid New Stimulus in China
China's yuan reached a 16-month high against the USD following new stimulus measures by its central bank, which included a cut in reserve requirement ratios for banks and eased mortgage repayments. This move contributed to a decline in the dollar index,
China unveils fresh stimulus to boost ailing economy
China unveiled some of its boldest measures in years on Tuesday aimed at boosting its struggling economy as leaders grapple with a prolonged property sector debt crisis, continued deflationary pressur
Yuan boosted as China unleashes stimulus
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines after soft data on the consumer.
Shanghai unveils 500-million-yuan voucher plan to boost consumption after stimulus package
E-coupons will offer anyone in Shanghai discounts on a wide range of purchases, from hotels and movies to restaurants and ...
Euro firms against dollar, yuan jumps on China's stimulus boost
The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two ...
Business Recorder8h
China’s yuan briefly crosses key 7 per dollar as market cheers stimulus
SHANGHAI: China’s yuan rose to a fresh 16-month high on Wednesday and briefly crossed the key 7-per-dollar level offshore, ...
Morningstar30m
Chinese stocks extend gains after Beijing's stimulus bazooka
"The measures represent the largest set of stimulus since the pandemic ... futures traded on China's Dalian Commodity Exchange hitting an intraday high of 730.5 yuan per metric ton, the highest ...
China's new stimulus plans make a splash in global markets
China-exposed assets jumped on Tuesday after Beijing announced its biggest stimulus since the pandemic in a bid to pull the ...
Stock surge in US$592 billion rally as investors ‘gobble up’ China’s stimulus package
The offshore yuan exchange rate also surpassed a key threshold of 7 yuan per US dollar for the first time since May 2023.
Treasury yields rise as China stimulus lifts global growth hopes
U.S. bond yields rose early Tuesday after the People’s Bank of China revealed an extensive stimulus package designed to revive the world’s second biggest economy.
Rupee to resume rise on yuan-led Asia rally, Fed outlook
The Indian rupee is expected to open higher on Wednesday, boosted by the broad uptick in Asian peers in the wake of China's ...