The dollar was steady on Wednesday after a partial government shutdown swiftly. Meanwhile, the yuan hovered around its highest level in more than 2 years amid signs of a thaw in China-Europe relation. An average of 13 forecasts from global investment banks has the currency at 6.92 per dollar by year

​The dollar held steady on Wednesday but was headed for its biggest annual drop since 2017 as interest rate cuts, fiscal worries and trade policies under Trump deter bulls in 2025. Many of those worries are likely to remain in 2026, suggesting the dollar's dire performance could extend and underpin

The Chinese yuan edged up on Tuesday on risk-on sentiment. It has shrugged off a trade war, slow growth, rock-bottom interest rates and a slump in foreign investment, to head for its sharpest annual gain since 2020. A White House official confirmed that Trump and Chinese president Xi had agreed to r

China's yuan dipped on Tuesday after Trump's watered down rhetoric against tariffs on China raised hopes of de-escalation in tensions between the two economic heavyweights. The PBOC set the midpoint rate at 7.1007 per dollar, its strongest since November 2024. The official guidance rate was 203 pips

The Chinese yuan held steady on Monday ahead of a pivotal week filled with central bank decisions led by the Fed. Trading in Asia was thinned with markets in Japan closed for a holiday. US and Chinese officials began talks in Madrid Sunday to discuss key national security, economic, and trade issues

The Chinese yuan strengthened to the highest level since November 2024 on Thursday as concerns about the future independence of the Fed undermined faith in the soundness of the country's monetary policy. According to a Wall Street Journal report, Trump is actively considering replacements for Chairm

​The dollar trimmed a four-week gain in early Asian trade on Monday as markets digested a fresh blow to US assets. April retail sales suggests pre-emptive buying to get ahead of tariff-related price hikes faded quickly. Moody's Ratings cut the US' sovereign credit rating down one notch to Aa1 from A