Chinese yuan surged to a 16-month high
Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus
China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
China’s yuan continues upward climb after Beijing’s stimulus roll-out
The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s central bank.
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar level since May 2023.
China's yuan surges to 16-month peak on new stimulus measures
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines against other major currencies after soft data on the consumer.
China's latest stimulus boosts emerging-market stocks to the highest level in 2 years
Emerging markets' stocks climbed to their highest since April 2022 on Tuesday after China introduced new measures to boost its sluggish economy.
Chinese yuan hits strongest level against the dollar in 16 months
China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
Yuan boosted as China unleashes stimulus
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines after soft data on the consumer.
China unveils fresh stimulus to boost ailing economy
China unveiled some of its boldest measures in years on Tuesday aimed at boosting its struggling economy as leaders grapple with a prolonged property sector debt crisis, continued deflationary pressur
Euro firms against dollar, yuan jumps on China's stimulus boost
The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two ...
Mining2h
Iron ore price jumps to over three-week high on China stimulus, soft global supply
The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 4.19% higher at 709 ...
NBC New York1d
Chinese yuan hits strongest level against the dollar in over a year
China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to ...
China's big-bang stimulus boosts yuan; Aussie firms after RBA
The Australian dollar hovered close to its highest level this year on Tuesday, with the central bank set to hold policy ...
Stock surge in US$592 billion rally as investors ‘gobble up’ China’s stimulus package
The offshore yuan exchange rate also surpassed a key threshold of 7 yuan per US dollar for the first time since May 2023.
China e-commerce giants Alibaba, JD.com, Pinduoduo see stock surge after stimulus package
Chinese e-commerce stocks jumped after the country's central bank announced a broad stimulus package. Alibaba, JD.com, and ...
Rupee to resume rise on yuan-led Asia rally, Fed outlook
The Indian rupee is expected to open higher on Wednesday, boosted by the broad uptick in Asian peers in the wake of China's ...
Shanghai unveils 500-million-yuan voucher plan to boost consumption after stimulus package
E-coupons will offer anyone in Shanghai discounts on a wide range of purchases, from hotels and movies to restaurants and ...