The question of how far and quickly the yuan will fall depends on Beijing's resolve in countering Donald Trump's tariffs with stimulus measures.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Higher US tariffs under President Donald Trump could accelerate a slump in the value of China's currency, complicating recent efforts by Beijing to kickstart a rebound in its struggling economy, analysts warn.
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
FRANKFURT (Reuters) - Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now.
Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.
The threat of sweeping tariffs, a central plank of his campaign promises, had raised concerns of a resurgence in inflation
It's a big week ahead as the U.S. Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025. Into the mix go earnings from heavyweights including Apple and Tesla, and likely market spikes from comments by new U.
On Monday, US chipmaker Nvidia led a rout in tech stocks after the emergence of a low-cost Chinese generative AI model. Nvidia, whose semiconductors power the AI industry, saw its shares drop nearly 17 percent, erasing almost $600 billion of its market value.
The US Senate’s confirmation hearing for Mr Bessent last week as Treasury Secretary was remarkable, as much of the discussion revolved around China’s rapid economic grow
Trump's announcement of imposing tariffs and travel bans on Colombia with countermeasures from Colombian President Petro points to the abiding risk of U.S. tariffs even beyond U.S.-China geopolitical relations, RBC Capital Markets said.
China and many other countries buy U.S. debt through the purchase of Treasury bonds. Here are the factors behind those purchases.