The Chinese yuan strengthens as the U.S. dollar weakens, with bond yields rising above 1.78% after previously stagnating. The People's Bank of China (PBoC) keeps a cautious monetary policy by avoiding rate cuts and ceasing its bond-buying program, leading to tighter liquidity and postponed easing measures. This approach underscores PBoC's commitment to yuan stability amid external pressures and trade uncertainties. While this cautious stance may cause temporary market volatility, it aims to bolster the yuan's outlook, provided no drastic shifts occur globally.
The Chinese yuan continues to strengthen, benefiting from a weaker U.S. dollar.
The People's Bank of China has maintained a cautious monetary stance, refraining from rate cuts for several months and halting its bond-buying program.
Collection
[
|
...
]