A stronger currency may be coming but policymakers in Beijing face two dilemmas that will limit their appetite for exchange ...
On Thursday, the offshore renminbi strengthened past the 7.0 level against the dollar for the first time since September 2024. As of Monday, the offshore renminbi had appreciated by about 4.5 percent ...
Over the past year, the People’s Bank of China, which manages the renminbi’s exchange rate, has allowed a gradual ...
The USD/CNY exchange rate held steady this week in a low-volume environment because of the New Year celebrations. The renminbi traded at 7.3000 on Tuesday morning, its lowest level since November 2023 ...
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