News Snapshot:
In this article TWD= THB= KRW= CNY= Follow your favorite stocks CREATE FREE ACCOUNT A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea. SeongJoon Cho | Bloomberg via Getty Images Chinese yuan BofA forecasts the Chinese yuan to trade at 7.35 against the dollar this quarter and weaken to 7.45 in the third and fourth quarters. The bank expects yuan depreciation pressures to sustain into the second half of the year, due to: the delayed Fed easing, China's disinflationary behavior aggravating...
News Timeline:
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February 20, 2024
09:47
China’s central bank unexpectedly cuts benchmark lending rate y 25 bps to 3.95%
Source: seekingalpha.com
August 29, 2023
06:39
China’s yuan could reach an all-time low this year as Beijing’s stimulus efforts fall flat
Source: ca.finance.yahoo.com
August 22, 2023
05:37
India’s central bank urges lenders to de-dollarize trade with the UAE using local currencies
Source: ca.finance.yahoo.com
August 17, 2023
11:36
Exclusive: China’s major state banks sell dollars for yuan in London, NY hours
Source: reuters.com
August 1, 2023
09:09
China’s yuan expands its growing foothold in South America as Bolivia reduces reliance on US dollar
Source: ca.finance.yahoo.com
July 26, 2023
12:25
Dollar’s decline throws spotlight on battered commodity currencies
Source: reuters.com
June 27, 2023
12:16
China’s state banks seen selling dollars offshore to slow yuan drop sources
Source: reuters.com
May 6, 2023
07:32
De-dollarization fears are overblown, but rising debt and US brinkmanship are top threats to the greenback, Bank of America says
Source: ca.finance.yahoo.com
