US Dollar (USD) could continue to weaken against Chinese Yuan (CNH); any further decline is unlikely to break below 7.1600. In the longer run, mild downward pressure could lead to USD edging lower ...

The GENIUS Act could be the Trump administration's attempt at countering China's de-dollarization push. President Donald ...

Soft underlying tone suggests US Dollar (USD) could dip below 7.1600 against Chinese Yuan (CNH); the major support at 7.1450 is likely out of reach for now, UOB Group's FX analysts Quek Ser Leang ...

Since the late 2000s, China has tried to accelerate internationalization of its domestic RMB with policy measures such as dim sum bonds. Dim sum bonds are bonds issued in foreign countries but ...

Given the string of political events in the next few months, weakness in the CNY against the USD and the CFETS trade-weighted basket will persist, believe DB analysts. Perry Kojodjojo and team note in ...

RMB displaces USD as Asian reference currency; new currency bloc emerges. The RMB has become the dominant reference currency in east Asia, eclipsing the USD and the EUR, according to a ...