|Day's range||6.488 - 6.516|
|52-week range||6.4883 - 6.5155|
Investing.com - The yen strengthened against the dollar in morning trade in Asia Tuesday after U.S. president Donald Trump raised the possibility of imposing new tariffs on US$200 billion worth of Chinese goods. Investors are entering risk-off-mode as worries mount over a U.S.-China trade war and the risk-off mode is benefiting the safe-haven yen.
Speculation is intensifying over whether Beijing could devalue the yuan in the event of a trade war with the U.S., but there are at least three reasons to think otherwise, according to BNY Mellon.
As Washington and Beijing are both threatening import tariffs, analysts are growing concerned about the consequences these duties could have on emerging-market economies and currencies.
The share of U.S. dollars in the accounts of central banks around the world falls to a four-year low in the final quarter of 2017, but the buck is still not in danger of losing its spot at the top of the ...
By opening up the country's financial markets, China's yuan (CNH) would increase in value making its goods more expensive.
China’s yuan surged to its highest level in 2½ years early Tuesday, but amid possible reasons such as trade war fears and technicals, it may have been anticipated dollar weakness that led to the move.
Yi Gang, newly named governor of the People's Bank of China, said the country would gradually open up to foreign investors in a speech Sunday at the China Development Forum in Beijing, according to a Reuters ...