Yuan Funding Demand Rises on Bearish Bets, Intervention Fear Offshore yuan falls to weakest level since late July Traders anticipate yuan intervention via tighter liquidity ...
The yuan has been weak since early 2023, bearing the brunt of China's anaemic economy and low yields. The heavily managed currency has spent the past 17 months on the weaker side of the 7-per ...
The People’s Bank of China has pushed back against yuan weakness with substantially stronger than expected currency fixings since Wednesday. The daily fixing, which limits moves in the onshore ...