China’s yuan likely to stabilise and strengthen, central bank says

BEIJING (Reuters) – The foundation for a “basically stable” yuan exchange rate remains “solid,” according to an article published by Financial News, the People’s Bank of China’s publication, on Wednesday.

The foreign exchange market is operating steadily, and the yuan is likely to stabilise and strengthen towards the end of this year, the article said.

China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher U.S. trade tariffs as Donald Trump returns to the White House, Reuters reported earlier on Wednesday.

This post is originally published on INVESTING.

  • Related Posts

    Oil falls after Trump reverses Colombia sanctions threat

    By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

    Dollar gains on tariffs fears; euro looks to ECB meeting

    Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    FPFX Technologies Opens New Office in Cyprus to Support Prop Trading

    • April 17, 2025
    FPFX Technologies Opens New Office in Cyprus to Support Prop Trading

    Synthetic Carry Trade Forex Strategy Explained

    • April 17, 2025
    Synthetic Carry Trade Forex Strategy Explained

    Cyprus-based WeTrade Secures CySEC License, Eyes EU Expansion

    • April 17, 2025
    Cyprus-based WeTrade Secures CySEC License, Eyes EU Expansion

    What Is Forex Sentiment Analysis Trading?

    • April 17, 2025
    What Is Forex Sentiment Analysis Trading?