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#china yuan

Every story tagged #china yuan on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

2 stories in this topic

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General
2 min read

Dollar struggles in Asia after lift from US retail sales

The dollar was steady on Friday after China’s central bank appeared to have stopped guiding the yuan lower for now, easing concerns that a weaker Chinese currency could derail plans by the US Federal Reserve to raise interest rates. The dollar traded at…

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Living
2 min read

Hongkongers must wake up to new yuan reality

For a long time, Hong Kong people and corporates enjoyed a free ride on the renminbi as the Chinese currency promised steady appreciation and high returns. But the steep devaluation this week has spoilt the party for good, and everyone — be it multinational…