After a volatile year in which the RMB was under considerable depreciation pressures,the RMB exchange rate has regained its footing and has since moved below 7.3,an upper bound the People's Bank of China(PBOC)may view...
Since March 24,2023,the renminbi(RMB)has depreciated against the US dollar,recording a drop of 5.74% by June 30.Simultaneously,the volatility in the US dollar's strong momentum was marked by two periods of decline fro...
In 2022,the RMB exchange rate(bilateral exchange rate against the US dollar,unless otherwisespecified)showstwo-wayandwide fluctuations due to the divergence of the US and China monetary policy and the interest rate sp...
In July,the Political Bureau of the CPC Central Committee held a meeting to discuss the US Dollar to Renminbi exchange rate(hereinafter referred to as the RMB exchange rate).This was the first time in two years that s...
During the first eight months of this year,the RMB exchange rate fluctuated in both directions before experiencing a depreciation.Though the US Dollar Index(USDX)seesawed lower,the RMB continued to depreciate signific...
In July 2009,the People's Bankof China(PBC)and five other ministries jointly issued Lthe Measures for the Administration of Pilot RMB Settlement in Cross-border Trade,launching the pilot program of facilitating the re...
Since the launch of the Pilot Scheme of RMB settlement in cross-border trade in 2009,the internationalizationof RMB has been enhanced for more than ten years.The RMB business has achieved substantial development from ...