yuan depreciation – Miami Crypto Coin

Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid

Post author:MiamiCrypto
Post published:October 25, 2022
Post category:“zero-Covid-19” strategy Economics Kenny Wen offshore yuan President Xi Jinping U.S. Federal Reserve US Dollar yuan depreciation

The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s…

Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

Post author:MiamiCrypto
Post published:September 29, 2022
Post category:currency manipulator currency speculators Goldman Sachs Grant Wilson News People's Bank of China risk reserve requirement ratio The Chinese Communist Party The US Federal Reserve yuan depreciation

Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing…

Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years

Post author:MiamiCrypto
Post published:September 21, 2022
Post category:Economics Euro Inflation in United States Ken Cheung PBOC People's Bank of China Russia Ruble russian The US Federal Reserve yuan depreciation Zambian Kwacha

The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new…