The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a ...

The RMB still has a long journey to becoming a global reserve currency. Still, the steady rise of the RMB appears inevitable given China’s growing economic significance. The US$468 billion (and ...

SHANGHAI -- China's central bank stepped up support for the yuan on Thursday, signaling it wants to avoid a rapid weakening of its currency, after the U.S. Federal Reserve's 2025 interest rate ...

There is increased pressure from several nations to replace the U.S. dollar as the world’s reserve currency. The U.S. has ...

The offshore yuan weakened overnight and broke a key psychological level of 7.3 per US dollar, as the US Federal Reserve’s ...

The Australian dollar, which sometimes serves as a more actively traded proxy for the yuan, fell as much as 0.6% to a one-year low. Here are comments from market analysts and participants: JANE FOLEY, ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

The dollar's supremacy has been one of the big stories of 2024 and, based on U.S. President-elect Donald Trump's proposed ...