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.
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
As China's economy struggles, officials in Beijing have the arduous task of formulating a policy response that can ensure sustainable growth in what promises to be a challenging year ahead.
Markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan.
The 5% expansion is in line with the target set by Beijing, but it is the weakest since 1990, excluding the pandemic years.
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.
In contrast, policymakers at the U.S. Federal Reserve are now anticipating fewer ... while cautioning that Beijing's stimulus measures were "insufficient" to do more than stabilize the economy ...
The threat of sweeping tariffs, a central plank of his campaign promises, had raised concerns of a resurgence in inflation
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.
It is a big week ahead next week as the US Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025.
Here’s your guide to the week ahead in global markets: The Fed holds its first meeting of the year, just over a week after Trump’s return to the White House. The central bank is widely expected to pause its easing cycle on Wednesday, after cuts totalling 100 basis points (bps) last year.
USD: The Dollar Index peaked on January 13 near 110.25. It tested the month's low near 107.75 on Wednesday. It bounced to 108.50 yesterday before being sold after President Trump's comments at Davos where no new ground was broken,