As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US ...
USD/ CNY steadied near 16 month high on Thursday as investors awaited key economic data from China. . Chinas Q4 GDP, ...
Despite weaker Asia-Pacific currencies, central banks in the region— including the Philippines'—are expected to continue with ...
BEIJING - China's commercial banks saw a forex settlement deficit of $110.3 billion in 2024, official data showed Tuesday. In ...
The AUD/USD outlook indicates continued optimism about China’s efforts to support its weak economy, which has boosted the ...
The People’s Bank of China emphasized its goal to keep the yuan stable, as the currency hovers near a record low in offshore ...
A weaker yuan against the dollar may only give China’s exports a modest boost and Beijing will push to moderate the ...
Foreign-exchange regulators reiterated their pledge to defend the yuan, as the Chinese currency comes under renewed pressure ...
China's central bank chief said on Monday the government will support moderately loose monetary policy to maintain ample ...
China raised the macro-prudential adjustment parameter for cross-border financing of corporates and financial institutions to ...
A group of Philippine banks is joining forces to launch a peso-backed stablecoin, PHPX, to enhance cross-border payments.
Gold prices fell in Philippines on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 4,966.63 ...