China says considering tighter controls on yuan currency
China said Friday it is considering a change to its mechanism for managing its currency to buffer it against market forces, in an apparent step back from liberalisation pledges.
May 26, 2017, 18:32 PM IST
China's yuan lost 7% value in 2016, worst in 22 years
China has reduced the share of US dollars in its foreign exchange basket and added 11 more currencies for measuring the yuan which lost about seven percent value against US dollar last year becoming the worst-performing major Asian currency, a media report said.
Jan 02, 2017, 17:16 PM IST
China strengthens yuan rate against dollar by 0.01%
The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.
Aug 17, 2015, 08:25 AM IST
