China steadies yuan as exporters feel currency squeeze

CurrenciesCentral bank signals caution after rapid gains dent manufacturers' profitsSome Chinese exporters have issued profit warnings due to foreign exchange losses, reflecting a decline in the value of their dollar-denominated assets in their yuan-denominated financial statements. © ReutersWATARU SUZUKIAugust 13, 2026 12:19 JSTSHANGHAI -- The pace of the Chinese currency's appreciation is slowing, reflecting policymakers' efforts to stabilize the yuan as its strength weighs on exporters' earnings.