Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

China’s Yuan Hits 16-Month Low Ahead of Trump’s Inauguration

Nnaemeka OkwarabyNnaemeka Okwara
January 8, 2025
in Business & Finance
0
China’s Yuan Hits 16-Month Low Ahead of Trump’s Inauguration
Share on FacebookShare on TwitterShare on Whatsapp
The Chinese Yuan dropped to its lowest level in 16 months, decreasing by 0.1% to 7.34 yuan per dollar on Wednesday, just before Donald Trump took office. Even though the People’s Bank of China kept the daily exchange rate steady, the yuan kept falling, almost reaching the lowest point allowed in its trading range.

Worries about Trump’s plans to impose taxes on Chinese goods are causing the yuan to fall. People are concerned that China might let the yuan weaken to make up for losses in exports. China’s CSI 300 index went down by 0.3%, and Hong Kong’s Hang Seng Index fell by 1.1%, showing that investors are feeling uncertain about the future.

On Wednesday, the People’s Bank of China (PBoC) set the yuan’s daily exchange rate at 7.1887 yuan per dollar, almost the same as the day before. However, pressure grew after strong economic data from the U.S. made the dollar stronger. Experts say that even a small change in the yuan’s rate could cause investors to sell off their holdings.

Donald Trump, who is expected to return to office on January 20, has not made his tariff plans clear, keeping markets uncertain. In the past, he has threatened to impose very high tariffs of 150%-200% on Chinese goods if China takes strong actions against Taiwan. His government’s approach to trade could increase tensions, making global markets prepare for possible disruptions.

Tags: chinaChina’s Yuan Hits 16-Month Low Ahead of Trump’s Inaugurationfederal characterForeign NewsInaugurationNewstrumpYuan
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce
Business & Finance

Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce

October 3, 2025
Is LAX at Risk? Chevron Refinery Fire Erupts in Key Jet Fuel Unit
Business & Finance

Is LAX at Risk? Chevron Refinery Fire Erupts in Key Jet Fuel Unit

October 3, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 3, 2025
Next Post
Mexico Launches Gun Buyback Program, Offers Up to $1,300 per Firearm

Mexico Launches Gun Buyback Program, Offers Up to $1,300 per Firearm

South Korea’s Impeached President Yoon Suk Yeol Vows to “Fight Until the End”

South Korea: Impeached President Yoon Faces Fresh Arrest Attempt Despite Fortifying Compound

Europe Leaders Condemns Elon Musk’s Outbursts

Europe Leaders Condemns Elon Musk’s Outbursts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Longtime Host Sean Rafferty Leaves Radio 3 After Three Decades

Longtime Host Sean Rafferty Leaves Radio 3 After Three Decades

1 year ago
Israeli airstrikes hit Gaza refugee camps

Egypt Receives ‘Positive Signals’ on Potential Extension of Gaza Truce

2 years ago
Tiger Woods Announces Hiatus Following Disappointing Performance at The Open

Tiger Woods Announces Hiatus Following Disappointing Performance at The Open

1 year ago
TG Omori Teases New Project After Kidney Transplant Battle

TG Omori Teases New Project After Kidney Transplant Battle

7 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce

NFVCB Chairman Reminds Nollywood- Box Office Is Not Oscars

Arsenal Open Discussions With Jurriën Timber As Defensive Options Surge

What Happens if Hamas Rejects Trump’s Gaza Peace Plan by the Deadline?

Tuchel Drops Bellingham and Foden from the England Squad as Saka Returns

Chelsea vs Liverpool: Stamford Bridge Showdown Could Define Early Title Race

Trending

Why Trump Shut Down the Government
Government

Why Trump Shut Down the Government

byEriki Joan Ugunushe
October 3, 2025
0

In October 2025, the United States entered another government shutdown. The official reason is simple: Congress failed...

Paris Fashion Week SS26 Ushers in the New Rules of Engagement

Paris Fashion Week SS26 Ushers in the New Rules of Engagement

October 3, 2025
This Is Trump’s Shutdown

This Is Trump’s Shutdown

October 3, 2025
Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce

Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce

October 3, 2025
NFVCB Chairman Reminds Nollywood- Box Office Is Not Oscars

NFVCB Chairman Reminds Nollywood- Box Office Is Not Oscars

October 3, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Why Trump Shut Down the Government
  • Paris Fashion Week SS26 Ushers in the New Rules of Engagement
  • This Is Trump’s Shutdown

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com