Crown Prince Mohammed bin Salman hosted two Arab summits with the Chinese leader, but any move by Saudi Arabia to ditch the dollar in its oil trade would be a seismic political move
Emerging market currencies have outperformed their developed market counterparts this year and analysts say signs point to a broader turn in dollar sentiment
China's currency rose to its strongest level in two months – to below 7 per dollar – on Monday, on expectations the US Fed will cut its interest rate hikes, while Beijing eases its zero-Covid policy
Yuan-rouble trading totalled 185 billion yuan in October, more than 80 times the level seen in February before Moscow invaded Ukraine
Health officials were due to hold a news conference on Tuesday to discuss Covid curbs, spurring hope that restrictions may be eased
The Chinese yuan fell to a more than two-week low on Monday as protests in China against Beijing's zero-Covid policies caused investors to back the US dollar.
Central bank approves the opening of nine 'Vostro accounts' with local and Russian banks to facilitate trade in rupees, a top Commerce official said
The yuan jumped in Asian afternoon trade after China ordered health authorities to ease some of Covid rules and US inflation data suggested that Fed rate hikes could start to slow
Latest rate hike by the US Fed forced the PBOC set a midpoint rate of 7.2472 per dollar, 275 pips or 0.28% weaker than the previous fix, and the softest since January 2008
Chinese leader promises to help its troubled neighbour, but calls for progress on the bilateral economic corridor and Gwadar port
Tokyo spent up to 6.4 trillion yen over two consecutive trading days of unannounced interventions, its finance ministry revealed on Monday
The Japanese government said on Friday it will create an extra budget worth $200.8 billion to fund a package to help households and businesses cope with rising living costs.