The Chinese Yuan weakened to a 16-month low on Wednesday, just ahead of the inauguration of US President-elect Donald Trump.
China's renminbi hit a 16-month low amid fears of US tariffs under Trump, despite the PBoC maintaining steady daily rates.
The “ King Dollar” is back in the spotlight, bolstered by a sharp uptick in the ISM services prices paid sub-index for December, sparking whispers of renewed inflation fears. This data point could ...
On Tuesday, despite the strengthened U.S. dollar and rising U.S. Treasury yields curbing buyer interest in precious metals, ...
China has expanded the scope of a consumer goods trade-in scheme and will give more subsidies for digital purchases this year ...
RBI accumulated 73 tons of gold. This massive acquisition made it the second-largest buyer after the National Bank of Poland ...
China maintained a tight grip on the yuan with its daily reference rate, as an overnight rally in the dollar threatened to ...
Peng Lifeng, an official at the People’s Bank of China (PBOC), said in a statement on Wednesday that the central bank “will ...
Gold prices were flat on Wednesday, pressured by higher yields and a stronger dollar after U.S. data suggested the Federal ...
The buying, however, was limited to banks that were active in the months leading to November, according to Krishan Gopaul, ...