HSBC's latest analysis on the USD/RMB exchange rate points to a more optimistic outlook for the U.S. Dollar against the Chinese Yuan Renminbi (CNY-RMB) At the time of writing, the US Dollar to Yuan ...

BEIJING, Dec. 3 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 40 pips to 7.0754 against the U.S. dollar Wednesday, according to the China Foreign ...

Foreign exchange analysts at RBC Capital Markets suggest that even though their USD/CNY exchange rate forecast remains at 7.10 for Q3 2023 and 7.05 for Q4 2023, there are potential upside risks due to ...

China’s currency, the renminbi, is undervalued. Everyday evidence abounds: residents of Hong Kong, whose currency is tightly pegged to the US dollar, flock across the border to Shenzhen for weekends ...

BEIJING, Nov. 28 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 10 pips to 7.0789 against the U.S. dollar Friday, according to the China Foreign Exchange ...

Wang Qing, chief macroeconomic analyst with Golden Credit Rating, said that the renminbi's exchange rate has fallen below the 7-per-dollar level for three times in the last five years. But every time, ...

BEIJING - The People's Bank of China, China's central bank, has decided to proceed further with the reform of the Renminbi exchange rate regime to enhance the RMB exchange rate flexibility, a ...

During the last three trading days, the daily benchmark, or the central parity rate of renminbi (RMB) against US dollar, dropped 387 basis points. The daily benchmark hit the highest of 7.6398 yuan on ...

Chinese Central Bank Governor Pan Gongsheng said on Monday that the country's foreign exchange market regulators have confidence, conditions and capability to maintain the stability of the foreign ...

The RMB exchange rate is perennially caught in the international spotlight. Some say it's too low, others that it should be lower. The PBOC (People's Bank of China), which sets a daily reference rate ...