us dollar
China Takes Steps to Control Yuan Value Slide, Outlook Bleak
| S. Rina | | Jan 16, 2017 08:09 PM EST |
China has instituted various measure to contain the fall in the value of its currency. However, market experts believe that the slide is likely to continue despite these actions. The slowdown in economy is likely to further exacerbate the depreciation in value.
China’s Currency Basket Changes Could Make Yuan More Volatile
| S. Rina | | Jan 04, 2017 08:44 AM EST |
China recently made several changes to its currency basket, which is used for setting the daily value of the currency. According to China Foreign Exchange Trade System (CFETS), the number of currencies included in the basket was increased to 24, up from the previous 13 currencies.
Chinese Yuan did not Suffer a Steep Decline
| Theena Ocay | | Dec 07, 2016 12:02 PM EST |
Rumors that China's currency suffered from a steep decline on Tuesday have been circulated across social media; however, CNBC clarified that China's yuan did not suffer a sharp fall.
Yuan Gets Global Monetary Status, Joins Reserve-Currencies Club
| Rina S. | | Oct 01, 2016 08:42 AM EDT |
China's Yuan has been added to the elite Reserve Currencies club at the International Monetary Fund (IMF).
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