The yuan in China has risen 2.2% against the dollar this year. The currency has been propelled by hopes for an economic revival. Three state-run newspapers advise investors to prepare for more foreign exchange volatility. Following more than a week of significant yuan increases, three state financial journals in Shanghai and Beijing cautioned in a … Read more
KARACHI: Since the start of the current fiscal year 2022-23, the Pakistani rupee has fallen by nearly 27 percent, or over Rs40, against the US dollar over the last ten months, as the currency just exceeded the important threshold of 200 against the greenback. There are concerns that it will continue to lose value; nevertheless, … Read more
BEIJING: The Chinese yuan is likely to hold its strength as a safe haven for global investors seeking shelter against geopolitical conflicts, leaving more policy space for China’s central bank to support the economy, experts said on Thursday. The currency is expected to stay appealing even amid the looming interest rate hikes by the US … Read more
BEIJING — The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 179 pips to 6.3498 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each … Read more
