The Chinese yuan hit a six-month low on Tuesday after the country's central bank lowered a short-term lending rate for the first time in 10 months.

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 hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday.

In spot trading, the yuan was approaching the low edge of the permissible 2% band around the reference point and touched a 19-month low against the dollar.

Chinese traders are pulling back from the dollar, helping ease a shortage that has rattled the banking system and setting the ...

But the renminbi has continued losing ground this month, even after the US central bank opted to skip an interest rate increase in June.

China's stimulus package has boosted market sentiment and pushed the Chinese yuan to a 16-month high. The People's Bank of China cut interest rates and reduced bank reserve requirements. But a ...

The yuan weakened to a three-month low against the dollar on Tuesday, as surprise rate cuts by China in the wake of weak data increased concern about prospects for the country's economic growth.

It’s been a hectic April, as the whirlwind of tariff news after Trump’s 'Liberation Day' announcement consumed markets. Click to read.

The U.S. dollar fell to a 17-month low against the Chinese yuan as the Fed cut rates and the PBoC held theirs, highlighting divergences between the two economies. China's economy remained stable ...

The Chinese yuan hit a six-month low on Tuesday after the country’s central bank unexpectedly cut a series of policy interest rates to help boost market confidence and shore up a wobbly post ...

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.