Cryptopolitan on MSN
China backs yuan to strongest level in nearly a year as US trade war hits markets
China stepped in on Wednesday to support the yuan, showing how far Beijing is willing to go to keep its currency stable as ...
USD/ CNY dipped on Wednesday as Chinas yuan firmed on strong PBOC fixing despite US-Sino tensions. The Peoples Bank of China ...
China ramped up its support for the yuan on Wednesday, underscoring its commitment to foreign-exchange stability as a trade ...
Escalating trade tensions between the US and China are spurring yuan traders to prepare for greater volatility lasting into ...
Moscow adopted the yuan-to-ruble exchange rate as benchmark after the US expanded sanctions against it. The US sanctions forced the Moscow Exchange to end dollar and euro trading, causing market ...
The dollar index (DXY00) Wednesday finished up by +0.27% and posted a 2-week high. The dollar found support Wednesday on weakness in the Chinese yuan after Reuters reported that Chinese policymakers ...
The Chinese yuan is gaining prominence in global finance as more nations look beyond the US dollar. Its share in worldwide ...
The latest round of U.S. sanctions on Russia is expected to further solidify the Chinese yuan’s position as the primary currency for Russian trade, according to a Germany-based think tank. What ...
Some investors are overestimating the stockpile of Chinese money that could be converted back into yuan, as firms may not yet be ready to abandon dollar holdings, according to Goldman Sachs Group Inc.
It’s been a hectic April, as the whirlwind of tariff news after Trump’s 'Liberation Day' announcement consumed markets. As we have reached a period of relative calm, it’s a good time to reflect on the ...
Hong Kong is the largest offshore yuan market worldwide, with 76 per cent of offshore yuan payments in August conducted in ...
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