Global Market: Yuan strengthens as dollar retreats; China pushes back against undervaluation claims
5 Articles
5 Articles
The Economic Times
Times of IndiaGlobal Market: Yuan strengthens as dollar retreats; China pushes back against undervaluation claims
The Chinese yuan strengthened against the US dollar as the greenback retreated from an 18-month high. Beijing defended its currency policy amid European Union trade negotiations, rejecting undervaluation claims. Supported by strong exports and foreign capital inflows, the yuan has gained 4.4% this year, with authorities favouring stability and gradual appreciation.
[Cable News] The People's Bank of China (PBOC) released its RMB exchange rate policy stance yesterday, refuting claims that the RMB is undervalued. Analysts suggest the authorities intentionally chose this timing for the release. Regarding recent...
The People's Bank of China (PBOC) has rejected claims that the yuan is being kept undervalued as trade talks with the European Union begin.
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