Yuan slips on trade-war anxiety, yen jumps

Yuan slips on trade-war anxiety, yen jumps after wage data
The yuan fell on Wednesday as a new U.S.-China trade war dented Chinese markets returning from an extended Lunar New Year break, while the yen jumped against the dollar as traders raised their bets on Bank of Japan rate hikes this year.
China keeps yuan stable against US dollar: what it means for the trade war
China could allow its currency to weaken to offset the impact of US tariffs on the country’s exports, but has so far declined to do so.
Yuan Drops Amid Renewed U.S.-China Trade War as Yen Surges on BOJ Rate Hike Bets
The yuan weakened on Wednesday as escalating U.S.-China trade tensions rattled Chinese markets post-Lunar New Year. The dollar surged over 0.5% against the yuan to 7.2856, despite the Peoples Bank of China (PBOC) setting
Yuan slumps on trade-war anxiety; yen jumps
The yuan sank on Wednesday as a new Sino-U.S. trade war shook Chinese markets returning from an extended Lunar New Year break, while the yen jumped on rising bets of further Bank of Japan (BOJ) rate hikes this year.
Yuan Extends Loss With China Proxies as US Trade War Reignites
The offshore yuan extended losses with regional peers, as China and the US slapped tariffs on each others’ exports as the trade war came to life.Most Read from BloombergNew York’s First ‘Passive House
China May Loosen Grip on Yuan If Trump Reignites Trade War
Currency traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting authorities to relax their tight grip, if Donald Trump’s tariffs go into effect.
Dollar slides as trade war risk recedes, yen rallies
The U.S. dollar fell to its lowest in more than a week on Wednesday as investor nerves about a global trade war abated, while the Japanese yen rallied on the back of strong wage data.
HKMA plans to launch US$13.7 billion facility to support yuan-settled international trade
The HKMA said the facility would provide yuan funding to banks for trade finance using the onshore interest rate – the ...
Russia plans to boost yuan sales by 17% to support the rouble
Russia said on Wednesday it would boost its sales of Chinese yuan by 17% from Feb. 7 in a move seen as aimed at supporting ...
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Yuan eases as China challenges Trump tariff at WTO
The yuan eased on Thursday after China sought the World Trade Organization's intervention to rule on new tariffs imposed by U ...
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China allocates 50 mln yuan to support landslide relief in Sichuan
BEIJING -- China has allocated 50 million yuan (about $6.97 million) from its central budget to support disaster relief and ...
Chinese Yuan May Still Face More Downward Pressure
The yuan might still face more downward pressure, Maybank said, adding that China remains the only country that President Trump has allowed tariffs to take effect on, suggesting that China will still ...
China c.bank conducts 1.7 trln yuan of outright reverse repos in Jan
China's central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January.
Shanghai's tech insurance premiums exceed 5b yuan, bolstering cutting-edge tech enterprises
Shanghai's technology insurance premiums reached 5.06 billion yuan ($690 million) in 2024, providing risk coverage of over 25 ...
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China's Spring Festival holiday box office hits record high of 9.51 billion yuan
China's film industry set a new record during the 2025 Spring Festival holiday, as the box office for the period from Jan. 28 ...