yuan

The offshore yuan’s rally is set to push the onshore unit after trade resumes following China's Golden Week holidays next week. This is expected to ease pressure on the central bank to defend the currency, according to Bloomberg. What Happened: Offshore yuan, which was trading near...

Chinese e-commerce giant and Alibaba Group Holding Ltd (NYSE: BABA) competitor JD.com, Inc. (NASDAQ: JD) will become China's first platform to begin accepting a digital version of the country's currency, according to Reuters. What Happened: Reuters reported that the company will accept...

The United States will no longer consider China a currency manipulator, according to media reports. The move helps pave the way for a trade deal the countries are expected to sign in the coming days. Bloomberg said Monday that Trump administration sources said the Treasury Department will lift the...

A number of underlying forces drive currency moves. The U.S. government has accused China of gaining an unfair economic advantage by forcing the yuan lower. In the U.K., the drop in the sterling over the past month is also viewed by many as an economic headwind. The main beneficiaries of a weaker...

A major part of China’s response to the latest tariff threats by President Donald Trump was to reduce the value of its currency to its lowest level relative to the dollar of the past decade. Trump fired back by having the Treasury Department officially name China a “currency manipulator...

The U.S. Dollar Index, which measures the value of the U.S. dollar against a basket of foreign currencies, has gained about 3.2 percent year-to-date through Oct. 11.  This is where the greenback stands year-to-date against other major currencies: Euro: +3.4 percent Pound: +2.1 percent...

Autonomous Research partner Charlene Chu is one of the most respected experts focusing on China and its debt. So, when her predictions for 2017 came out, the world listened carefully. One of the most notable warnings was related to outflows — meaning money going out of the Chinese economy...

The price of the digital currency bitcoin quietly hit a new all-time high Wednesday at $1,161.89. The move to an all-time high was short lived, however, as the price of one bitcoin fell as low as $888.99 on Thursday. At its peak lows, bitcoin was lower by nearly 25 percent. By 1:15 p.m. ET on...

The benchmark overnight Shanghai Interbank Offered Rate hit its highest point (2.3 percent) in 20 months on Wednesday – special circumstances aside. Long-term rates were also surging, with 10-year government bonds at a year-to-date high of 3.23 percent. These moves signal a shift in the...