The Chinese yuan exchange rate has fallen below the psychological support level of 7 yuan per dollar, continuing its strong ...

On Thursday, the offshore renminbi strengthened past the 7.0 level against the dollar for the first time since September 2024 ...

The Chinese yuan, or renminbi (RMB), is on a strong run, with the onshore and offshore rates on Thursday breaking through 7.01 yuan and ...

China's stimulus package has boosted market sentiment and pushed the Chinese yuan to a 16-month high. The People's Bank of China cut interest rates and reduced bank reserve requirements. But a strong ...

China is reported to be introducing a Tobin tax on RMB forex transactions, to discourage speculation by increasing the cost of such trades. The People’s Bank of China (PBoC) has made no public ...

While the dollar’s international supremacy is unchallenged for now, the wider landscape is shifting. Companies are raising more funding in renminbi and the currency’s use in international payments and ...