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Yuan’s haven status won’t stick until China relaxes controls

WHEN THE WORLD’S financial markets hit turbulence, could you really turn to China’s yuan as a store of value?

Yuan decouples from Asian peers as two-speed recovery takes hold

COUNTING on China as an anchor of strength has been a good tactic for traders of Asia’s emerging currencies. That link is losing traction as recovery paths from the coronavirus pandemic diverge.

China fixes yuan at weakest since 2008

CHINA SET its daily yuan reference rate at the weakest level since 2008 after the currency hit a seven-month low in onshore trading Friday amid increasing political tensions with the US.

China gives relief to shield trillions of yuan in bad debt

CHINA’S financial regulators will allow the nation’s lenders to delay recognizing bad loans from smaller businesses reeling from the deadly coronavirus outbreak, giving temporary reprieve to trillions of yuan of debt.

Top central banker says yuan level ‘appropriate’

WASHINGTON — China’s top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level.

Bankers push hedging as trade war hits yuan

SHANGHAI — In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build their defenses against currency volatility.

China yuan-fixing drama fades as central bank seen pursuing stability

THE YUAN steadied on Thursday after the central bank set the daily fixing stronger than analysts expected, providing some reassurance to traders rattled by a tumultuous week in markets.

China lets yuan slump past seven per dollar as trade war...

SHANGHAI — China on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate further currency weakness in the face of an escalating trade row with the United States.

Yuan’s narrow range helps keep riskier marts buoyant

CHINA’S YUAN has been stuck in a tight range since the nation’s financial markets reopened after a stretch of October holidays, quelling currency volatility globally and buoying risk sentiment.

Gov’t to tap yen, yuan bond markets anew

THE GOVERNMENT is set to return to Chinese and Japanese bond markets within 12-18 months as part of its financing program for next year.

Emerging markets at mercy of falling yuan as currency war looms

China’s yuan is back at the top of emerging-market investor worries as the deepening standoff between the U.S. and China over trade threatens to...

Yuan to weaken with no set line of defense

CHINA WILL TOLERATE higher volatility in the yuan and a moderate weakening of the currency, according to Pacific Investment Management Co.

Yuan bears turn bulls on likely weaker greenback

THE YUAN is about to get bailed out by a weaker dollar, according to forecasters who correctly called the Chinese currency’s recent downtrend.

China pushes back against yuan slide, pledges stability

CHINA will keep the currency stable at an equilibrium level, and the central bank will maintain a prudent, neutral policy stance, according to People’s Bank of China (PBoC) Governor Yi Gang.

China is weakening its currency before US trade talks begin

China weakened its daily currency fixing by more than traders and analysts had expected before high-ranking US officials arrive in the country to discuss...

Asian currencies tread water; yuan down after RRR cut

MOST EMERGING Asian currencies were kept in check on Wednesday, as the dollar gained on firm US economic data and as US-China trade risks...

PHL, China sign agreement for maiden panda bond issuance

THE Philippine government and the Bank of China (BOC) on Thursday signed the underwriting agreement of the country’s maiden issuance of $200 million worth...

Sentiment towards Asian FX improves

INVESTOR SENTIMENT towards Asian currencies improved over the past two weeks, a Reuters poll showed, as doubts over the passage of tax reforms under...

China’s under-the-radar bond boom may be next risk target as sales...

CHINA’S riskiest borrowers are ramping up sales of short-term dollar debt again, reigniting speculation the authorities will clamp down on what has become a...

Most Asian currencies weaken as North Korea concerns ease

MOST ASIAN currencies weakened on Tuesday as the US dollar strengthened for a second day as Hurricane Irma proved not as destructive as first...

Yuan’s new role as haven is last great hope for dim...

A RECORD RALLY in the offshore yuan is rekindling hope for the dim sum bond market. With China’s currency defying North Korea tensions to be...