Chinese yuan surged to a 16-month high
Chinese yuan hits strongest level against the 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.
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.
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’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.
Chinese yuan hits strongest level against the US dollar in 16 months
China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy yesterday. The Chinese offshore yuan strengthened briefly to 6.
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 new stimulus plans make a splash in global markets
China-exposed assets jumped on Tuesday after Beijing announced its biggest stimulus since the pandemic in a bid to pull the ...
China Internet Information Center3m
1st LD-Writethru: Chinese stocks continue to close higher on stimulus policies
BEIJING, Sept. 25 (Xinhua) -- Chinese stocks closed higher on Wednesday, buoyed by a raft of stimulus policies announced by authorities on Tuesday. The benchmark Shanghai Composite Index closed up ...
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 ...
Channel NewsAsia Singapore8h
China unveils stimulus package to boost struggling economy
China has unveiled a massive stimulus package that will inject around one trillion yuan or more than US$140 billion of ...
Stock surge continues as investors in Hong Kong, mainland China ‘gobble up’ stimulus
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 ...
Business Recorder3h
China’s yuan briefly crosses key 7 per dollar as market cheers stimulus
SHANGHAI: China’s yuan rose to a fresh 16-month high on Wednesday and briefly crossed the key 7-per-dollar level offshore, ...