Tag: the Chinese yuan

China’s May foreign exchange reserves fall $27.96 billion

China’s foreign exchange reserves in May fell $27.93 billion to $3.19 trillion, hitting the lowest level since December 2011, according to data published by the People’s Bank of China (PBOC) on Tuesday. Compared with $3.22…


Yuan surges vs dollar as US non-farm payrolls disappoint

The Chinese yuan has strengthened against the US dollar since June 3, as the disappointing US non-farm payrolls growth in May killed off expectations on the Fed’s rate hike in June. The news on the…