News with the tag "Yuan"

China urged other nations to fight back against U.S. tariff threats, as Foreign Minister Wang Yi called Washington a “bully” and said appeasement would only deepen the pressure. Speaking at a BRICS gathering of senior diplomats in Rio de Janeiro, Wang warned that using tariffs as bargaining chips le...

China is increasing its efforts to strengthen its digital yuan. It aims to challenge US dollar-pegged stablecoins in world trade. According to a recent report by a Chinese media outlet, the Chinese Communist Party is concerned about the US’s growing interest in stablecoin development. The report by ...

Is the dragon breathing fire, or just exhaling a puff of smoke? The question of whether China’s foreign exchange (FX) policy is undergoing a fundamental shift is generating considerable buzz in financial circles. Bank of America (BofA) recently weighed in, suggesting that while changes are afoot, it...

China’s central bank has instructed key commercial banks to cut U.S. dollar deposit rates, which could push investors toward alternative assets like cryptocurrency. The People’s Bank of China (PBOC) wants to discourage investors from hoarding the dollar to boost confidence in its currency as capital...

China is set to reveal its economic targets for 2025, following the rising economic uncertainty supposedly caused by trade war threats from US President Donald Trump. The annual meeting of the National People’s Congress (NPC) will begin on March 5 in Beijing, where Premier Li Qiang will deliver the ...

In a thrilling turn for the Indian economy, the Rupee has showcased remarkable resilience and strength in the forex market. Bucking global trends and defying expectations, the Rupee’s recent surge is primarily attributed to two powerful factors: a robust Chinese Yuan and strategic dollar sales by fo...

For the past three years, Russia has had the United States as its number one enemy, attacking its leadership, economy, and influence at every turn. Moscow framed Washington as an imperialist force trying to dominate the global order, and Washington, in turn, took every opportunity to paint Russia as...

President Donald Trump has launched an aggressive push for a brand-new trade deal with China, aiming to rewrite the economic relationship between the world’s two largest economies. According to a report from the New York Times, Trump wants major Chinese commitments, including increased purchases of ...

For cryptocurrency enthusiasts and investors tracking global financial shifts, understanding movements in traditional markets is crucial. Today’s spotlight is on China’s central bank, the People’s Bank of China (PBOC), and its latest fixing of the USD/CNY reference rate . This seemingly minor adjust...

In a world of fluctuating currencies and economic uncertainties, the stability of the Chinese Yuan holds significant weight, especially for cryptocurrency markets intertwined with global finance. People’s Bank of China (PBOC) Governor Pan Gongsheng recently addressed global leaders at the AlUla Conf...