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Tag: Chinese Yuan

China ETFs book best day in a month after PBOC vows to support weak yuan with forex reserve ratio cut

China ETFs book best day in a month after PBOC vows to support weak yuan with forex reserve ratio cut

September 1, 2023September 2, 2023 · Breaking News

U.S. exchange-traded funds that invest in Chinese stocks notched their best day in a month after China ramped up its efforts to support the country’s flagging currency as…

Read more China ETFs book best day in a month after PBOC vows to support weak yuan with forex reserve ratio cut
U.S. dollar defies China, Russia and Wall Street skeptics as 2023 rebound continues

U.S. dollar defies China, Russia and Wall Street skeptics as 2023 rebound continues

August 28, 2023August 28, 2023 · Breaking News

The U.S. dollar is proving its haters wrong. Not only is the buck defying the expectations of Wall Street strategists who had anticipated that it would weaken this…

Read more U.S. dollar defies China, Russia and Wall Street skeptics as 2023 rebound continues
U.S. dollar could soon wipe out all of its post-pandemic gains, Soc Gen strategist warns

U.S. dollar could soon wipe out all of its post-pandemic gains, Soc Gen strategist warns

July 18, 2023July 18, 2023 · Breaking News

The slide in the U.S. dollar in the last eight months could mean that mean all of its gains in the wake of the coronavirus pandemic will soon…

Read more U.S. dollar could soon wipe out all of its post-pandemic gains, Soc Gen strategist warns
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