China’s central bank has directed state owned banks to reduce dependency on US dollar and safeguard local currency Yuan amid ...

Markets remain squarely focused on the U.S.-China trade tussle and headlines from both countries.

China's central bank will not allow a significant decline of the yuan and has urged major state-owned banks to scale back U.S. dollar purchases.

China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases ...

China's yuan fell to its weakest level since 2023 on Tuesday after the central bank slightly loosened its grip on the ...