The findings also add a nuance to the global currency war, which in some quarters is seen as a result of the Federal Reserve’s super-easy monetary policy stance and its desire to push the USD lower.

China’s currency, the renminbi, is undervalued. Everyday evidence abounds: residents of Hong Kong, whose currency is tightly pegged to the US dollar, flock across the border to Shenzhen for weekends ...

RMB exhibited a strong performance by gaining 3.35% against the US dollar since mid-December. Central banks will attempt to slow down USD/RMB briefly given the stronger Chinese currency. China eyes a ...

The USD/CNY exchange rate continued rising, reaching its highest level since September 2023. It rose to a high of 7.3315 this week and is nearing its 2007 high of 7.5 as concerns about trade wars and ...

The US dollar still dominates trade for now. But new research suggests Australia’s banks are unprepared for a world where China’s currency plays a much larger role.

Experts expect the renminbi's central parity rate against the dollar to remain relatively strong in the short term. They said the RMB is likely to remain generally stable, continuing its pattern of ...

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 ...

Update: The story was updated with tentative bond value. E-commerce giant Alibaba (NYSE:BABA) to offer U.S. dollar-denominated senior unsecured notes and RMB-denominated senior unsecured notes, ...