Fast yuan appreciation has hurt exporters, the Ministry of Commerce said, adding the country's trade outlook is clouded by uncertainties despite the recent upbeat growth.
- Thu
- May 23, 2013
- Updated: 5:56am
Trending topics
17 May 2013
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Japan is being cast as the villain in a heated currency drama, accused of driving down the yen’s value to shore up its fragile economy, as a statement from financial powers fails to reassure...
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The mainland should be prepared for big swings in speculative capital flows amid global economic uncertainties, the country's foreign exchange regulator said yesterday.
2:43AM
The mainland's regulator of foreign exchange said a new unit would use some of the country's US$3.3 trillion in reserves to support firms expanding abroad.
4:15AM
The yuan is expected to strengthen only slightly next year as appreciation dynamics, including the mainland's export competitiveness, lose steam.
4:58AM
The dollar rose past 85.00 yen in early Asian trade on Wednesday on expectations that the Bank of Japan (BoJ) would take more monetary easing steps under pressure from the incoming government.
9:17AM
Yuan trading on the mainland has become more transparent as the China Foreign Exchange Trade System (CFETS) makes real-time official data available to investors outside the country for the first...
3:46AM
China’s yuan climbed toward a 19-year high on speculation global investors will boost holdings of local assets as the world’s second-largest economy recovers from a seven-quarter slowdown.
11:12AM
The South Korean authorities bought nearly US$1 billion in intervention aimed at curbing the won’s strength on Thursday, dealers in Seoul estimated.
2:50PM
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