US EditionYuan Expected to Rise in 2026, but Beijing Has Its Reasons for Saying Not so Fast
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Yuan expected to rise in 2026, but Beijing has its reasons for saying not so fast
SHANGHAI — Booming exports are pushing up China's currency and while analysts think authorities will resist further gains, risks are to the upside and could test the country's fragile economy.As the yuan exchange rate tiptoed toward and then passed the strong side of seven-per-dollar last year, foreign currency flows into Chinese banks hit a record US$452 billion (S$573 billion) in...
Analysis-Yuan expected to rise in 2026, but Beijing has its reasons for saying not so fast - Regional Media News
SHANGHAI, Feb 4 (Reuters) - Booming exports are pushing up China's currency and while analysts think authorities will resist further gains, risks are to the upside and could test the country's fragile economy. As the yuan exchange rate tiptoed toward and then passed the strong side of 7-per-dollar last year, foreign currency flows into Chinese banks hit a record $452 billion in December. The amount converted to yuan also hit a record of $311 bil…
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