Published: Aug 18, 2021
The Chinese yuan has been making inroads in the world of cross-border payments in recent years, but a pair of data points due this week will reveal whether the countrys sudden industry crackdowns have dented international trust in the currency.
Published: Nov 13, 2020
Policymakers are unlikely to make any changes to China's existing fiscal stimulus package next year, but may focus on additional steps to bolster economic recovery, especially to improve people's livelihood and save jobs, officials from the Ministry of Finance said on Thursday.
Published: Mar 27, 2020
The baht on Friday (March 27) opened at Bt32.63 to the US dollar, strengthening from Thursday’s close of Bt32.77, and would be valued at between Bt32.55 to Bt32.85 per US dollar, SCB Securities senior market strategist Jitipol Puksamatanan said.
Published: Jan 13, 2020
Treasury Department drops China's designation as a 'currency manipulator,' in further sign of thaw. WASHINGTON - The Treasury Department on Monday dropped China from a list of nations it alleges manipulate their currency values to gain an unfair trade advantage, greasing the wheels for the scheduled signing of a U.S.-China trade deal on Wednesday.
Published: Aug 28, 2019
The yuan weakened against the US dollar for the ninth consecutive day on Tuesday, hitting its lowest level in 11-and-a-half years against the greenback, with investor confidence sapped by the protracted trade tensions between the world’s two largest economies.