Yi Gang: RMB strong, won't enter currency depreciation wave

The Central Bank of Suriname on Tuesday announced a decision saying imports from China will be directly settled in Renminbi, or the yuan, the Chinese currency, instead of the U.S. dollar. The bank didn't disclose when it would start the move. ...

The Chinese central bank has ruled out a sharp drop in the Chinese currency -- the renminbi or yuan -- despite pressure from the US dollar, according to media reports.Deputy Governor of the People's Bank of China, Yi Gang, said the yuan would remain stable, ...

Though the Chinese currency, the renminbi or yuan, weakened for the third consecutive day on Tuesday, analysts have said that a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the RMB retreated by 30 basis ...

The offshore renminbi slid to its weakest level in more than two years after the mainland's central bank cut interest rates for the second time in three months. The move to join global counterparts with more easing reflects the People's Bank of ...

The central parity rate of renminbi against the US dollar opened with a drop of 38 basis points to 6.1513 on March 2, a more than four-month low. The spot rate of renminbi against the US dollar opened with a drop of 37 basis points to 6.2733, ...

BEIJING -- The Chinese currency renminbi slumped on Wednesday, the first trading day of the Year of the Sheep, with the fluctuation approaching the 2-percent daily trading band. The spot exchange rate of the yuan at one point weakened to 6.26 ...

Contributed by NAMPA / Xinhua. BEIJING, March 2 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened by 38 basis points to 6.1513 against the U.S. dollar on Monday, according to the China Foreign Exchange ...

Renminbi appreciation is no longer seen as a one-way bet, posing an even bigger challenge for companies as they will have to start hedging their exposure to it. [Photo/Agencies] Just a year and a half after opening its first free trade zone in ...

Currency trading between renminbi and foreign currencies in China's onshore forex market amounted to 1.16 trillion U.S. dollars in total in January, according to China's top forex regulator. The State Administration of Foreign Exchange (SAFE) said ...