Exchange rates

New Business

BYD allots US$5 billion for forex derivatives trading to hedge risks from yuan volatility

BYD, the world’s largest electric vehicle (EV) maker, has earmarked US$5 billion for foreign exchange derivatives trading to reduce risks…

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New Business

China’s yuan hits lowest level in months as Trump tariff threats roil currencies

Both the onshore and offshore yuan have weakened to their lowest levels in months against the US dollar, as the…

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