On Thursday, the offshore renminbi strengthened past the 7.0 level against the dollar for the first time since September 2024 ...

The findings also add a nuance to the global currency war, which in some quarters is seen as a result of the Federal Reserve’s super-easy monetary policy stance and its desire to push the USD lower.

The Chinese yuan, or renminbi (RMB), is on a strong run, with the onshore and offshore rates on Thursday breaking through 7.01 yuan and ...

BEIJING, Dec. 31 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 60 pips to 7.0288 against the U.S. dollar Wednesday, according to the China Foreign ...

The value of payments in offshore RMB has grown by 17 times in the past 22 months, according to figures from Swift, the financial messaging service. Swift states that RMB has jumped from the 35th to ...

The recent strengthening of the renminbi against the US dollar reflects the resilience of China's economic fundamentals and the improving stability of its financial system, while a weaker dollar has ...

Chinese state media have warned against placing one-way wagers on the yuan, indicating that officials are becoming ...

The Diplomat author Mercy Kuo regularly engages subject-matter experts, policy practitioners, and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This ...