The dollar/yuan (USD/CNY) exchange rate has ranged between roughly 6.0 and 7.3 since the end of the Great Recession, which means the current exchange rate is closing in on the best levels ...

BEIJING, July 15 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 7 pips to 7.1498 against the U.S. dollar Tuesday, according to the China Foreign Exchange ...

China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter ...

Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings into yuan for fear of losing out on potential gains in the U.S. currency, official data ...

The yuan overtook the dollar as the most used currency for Chinese cross-border transactions. Its use in cross-border payments and receipts increased to 48% versus 47% for the dollar.

China’s yuan has replaced the US dollar as the most traded currency in Russia, a year after the invasion of Ukraine led to a slew of Western sanctions against Moscow.