Chinese Yuan

US Treasury drops China currency manipulator label ahead of trade deal signing; text of pact to be made public tomorrow

US Senate Democratic leader Chuck Schumer, a fierce critic of China currency and trade practices, blasted the Trump administration for its decision to “back down” from labeling China a currency manipulator.

China factory activity slows in October amid trade war woes and weakening of yuan

The figures (PMI at 50.2) are the latest sign that the Chinese economy is losing momentum as it faces challenges at both home and abroad -- from a trade war with the US to a massive debt buildup.

Current account deficit to hit 2.8% of GDP in FY19 on surge in crude oil prices, moderate growth in exports: SBI report

The merchandise trade imbalance is also expected to rise to $188 billion in FY19, compared with $160 billion in FY18, according to SBI research report

As trade war looms, China cuts some banks' reserve requirements to boost lending

The reserve reduction, the third by the central bank this year, had been widely anticipated by investors amid concerns over market liquidity and a potential economic drag from a trade dispute with the United States.

Day after Donald Trump tirade, Pakistan cozies up to Beijing and allows use of Chinese Yuan for foreign currency transactions

With ties with the US running into an all-time low, Pakistan is fast cosying up to China as its charity from the US threatening to dry up after the intimidating Trump tweet.

IMF gives China's currency prized reserve asset status

The IMF said China's comparatively higher interest rates would likely increase the SDR interest rate

China devalues yuanby 2% to battle exports slump; currency hits 3-year low

A 2 percent fall in the value of the yuan is a relatively huge move for China

China-India relations: Why Rupee-RMB-dollar trade won't work

The currency of choice for trade transactions is determined by what's called the "network effect". We use it because others use it - and that's not going to change unless the dynamics of trade change.

Don't look now, but Mao Zedong is sneaking into your wallet...

For all the chatter about the "inevitable" rise of the Chinese yuan to global reserve currency status, the reality of the structural weaknesses in China's own economy may mean that that transition may not be accomplished quite so easily.

China signs 14 bilateral currency swaps, to expand yuan reach

China will further promote the use of yuan in cross-border trade and investment settlements this year while stepping up efforts to monitor yuan flows, Chinese media reported on Monday.