The Chinese yuan will hold on to its recent gains against the dollar, and likely...
BENGALURU - The Chinese yuan will hold on to its recent gains against the dollar, and likely make a modest push forward from current levels over the coming year, as optimism about a U.S.-China trade deal offsets anxiety over weak domestic economic growth, a Reuters poll showed.
That rebound was largely driven by progress in trade talks between Washington and Beijing and the People’s Bank of China setting consistently higher mid-point reference rates. “There will be a currency component in any ultimate U.S.-China trade deal and FX markets initially took that to mean USD/CNY has become a one-way bet - stronger yuan. But too strong a yuan may also make for awkward future currency diplomacy,” Tan said.The dollar’s outlook darkened after the Federal Reserve last month abandoned projections for further interest rate hikes this year on signs of an economic slowdown.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan curbs on Chinese telecom firms could hurt ties, says ChinaJapan's decision to curb government purchases from Chinese telecoms equipme...
Read more »
Philippines protests hundreds of Chinese ships around disputed islandThe Philippines government has filed a diplomatic protest with China over the presence of hundreds of Chinese vessels near a Philippines-administered island in the South China Sea.
Read more »
US-China trade talks to open in BeijingUS Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin expected to resume talks in Beijing with China's top economic official Liu He, the first since China put into law new measures seen as an olive branch in their stand-off.
Read more »
Exclusive: China makes unprecedented proposals on tech, trade talks progress - U.S. officialsChina has made unprecedented proposals in talks with the United States on a rang...
Read more »
European stocks seen slightly higher on report of US-China trade breakthroughEuropean shares are set to open higher after a report said the U.S. and China are making swift progress in trade talks.
Read more »
As China pushes traditional medicine globally, illegal wildlife trade flourishesAs China pushes traditional medicine globally, illegal wildlife trade flourishes by farahmaster
Read more »
Mnuchin says U.S. eyes productive trade meetings in ChinaU.S. Treasury Secretary Steven Mnuchin said on Thursday he and U.S. Trade Repres...
Read more »
If stocks rally on a US-China trade deal, 'take profits very quickly,' Stephen Roach saysFormer Morgan Stanley Asia chief Stephen Roach believes the U.S. will see limited benefits from a trade deal with China.
Read more »
Dow rises 100 points at the open as US-China trade talks restartStocks rose slightly at the open as trade talks between China and the U.S. restarted while fears that the economy may be slowing down persisted.
Read more »
Wall Street opens higher, U.S.-China trade talks in focusU.S. stocks opened higher on Thursday, helped by gains in technology and consume...
Read more »