US Dollar (USD) is expected to trade between 7.2300 and 7.2580 vs Chinese Yuan (CNH). In the longer run, to continue to decline, USD must break and remain below 7.2300, UOB Group’s FX analysts ...

US Dollar (USD) is likely to trade sideways between 7.2300 and 7.2600 vs Chinese Yuan (CNH). In the longer run, downward pressure remains intact; should USD break below 7.2260, the next level to ...

Since the late 2000s, China has tried to accelerate internationalization of its domestic RMB with policy measures such as dim sum bonds. Dim sum bonds are bonds issued in foreign countries but ...

The Chinese Yuan offshore exchange rate (USD/CNH) broke ¥6.55 on Friday as the onshore rate (USD/CNY) dropped to the lowest level in four and half years. The PBOC is continuing to gradually guide ...

RMB displaces USD as Asian reference currency; new currency bloc emerges. The RMB has become the dominant reference currency in east Asia, eclipsing the USD and the EUR, according to a ...