The People's Bank of China (PBOC) will further widen the USD-CNY daily trading band beyond its current 1% limit before the end of 2012, according to Chia Woon Khien, head of Asia local markets ...

The People’s Bank of China set the trading band for the renminbi against the dollar weaker on Monday after the greenback shot higher following the resignation of Italy’s prime minister and the ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The renminbi was strengthening further against the dollar after the People’s Bank of China set Wednesday ...

BEIJING -- China may broaden the daily trading band of renminbi (RMB), or the yuan, against the US dollar soon, a further step in its exchange rate reform, an economist predicted Friday.

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] Although USD/CNY has breached the psychological level of 7 to touch a two-year low, there is ...

comments on the widening of the yuan’s trading band by the People’s Bank of China. “A step forward to a real floating exchange rate of the RMB, a de-peg from the dollar, indicating that the ...