Instead, the dollar has climbed 7 %
against the yuan since January 1, 2015, and more than 5 % against a global currency basket, leaving nervous debtors around the world.
Not exact matches
Since the dollar has surged
against the euro in recent months, so too has the
yuan - making Chinese goods more expensive in the country's largest export market.
But
since bitcoin has become a store of value as a hedge
against a falling
yuan, the «digital gold» currency could continue on its upwards trajectory.
The
yuan has been rising
against the greenback
since early morning Wednesday, after a four - day depreciation.
The
yuan has been rising quite consistently
against the dollar
since Friday, when the
yuan was trading at as high as 6.6667 per dollar.
Since February 7, 2003, U.S. dollar has weakened
against the
yuan.
While there may or may not be an eventual tariff placed on importers, one thing I know for sure is that the dollar is higher
since the election, especially
against the
yuan, and the president is no longer committed to calling China a currency manipulator.
The
yuan has been losing
against the US dollar
since Friday, when USD / CNY was at about 6.4440.
Wealth creation in China turned negative for the first time
since the inception of the Bloomberg index five years ago, with the country's richest losing $ 11bn in 2016 amid a slump in the Shanghai Shenzhen CSI 300 index and a seven per cent decline for the
yuan against the dollar.
But
since bitcoin has become a store of value as a hedge
against a falling
yuan, the «digital gold» currency could continue on its upwards trajectory.
The rupee lost another 48 paise
against the US dollar to Rs 64.67, its weakest level
since September 2013, due to appreciation of the dollar overseas after China unexpectedly devalued the
yuan for the...