The People’s Bank of China (PBOC) established the USD/CNY reference rate at 6.9414 on Thursday, marking a subtle yet significant adjustment from the previous day’s 6.9398 fixing ...Global Context of the 6.9414 USD/CNY Reference Rate.
Global currency markets face renewed scrutiny as MUFGBank projects gradual downside pressure on the USD/CNY pair, with shifting tariff policies between Washington and Beijing creating complex crosscurrents for traders and policymakers in early 2025.
KUALA LUMPUR. Traffic on several major highways in Peninsular Malaysia heading towards Kuala Lumpur was reported to be slow this afternoon as people returned after the Chinese New Year and early Ramadan break. Read full story ... .
Tether has pulled the plug on offshore Chinese yuan-backed stablecoin CNH₮, saying that new tokens will no longer be issued from them anymore ... The CNH₮ shutdown will happen in two stages. Stage one is already in effect. Minting is over ... ....