China stepped in on Wednesday to support the yuan, showing how far Beijing is willing to go to keep its currency stable as ...
The Chinese yuan is gaining prominence in global finance as more nations look beyond the US dollar. Its share in worldwide ...
Beijing’s latest currency manoeuvre marks a departure from the stance that it deployed during the last trade war Read more at ...
India begins limited yuan payments for Russian oil as rupee-rouble trade slows, says Russia’s Deputy PM Alexander Novak.
USD/ CNY dipped on Wednesday as Chinas yuan firmed on strong PBOC fixing despite US-Sino tensions. The Peoples Bank of China ...
China is pushing global use of the yuan to reduce the impact of potential Western sanctions. It aims to guard against sanctions in scenarios such as military conflict over Taiwan, a researcher says.
The findings also add a nuance to the global currency war, which in some quarters is seen as a result of the Federal Reserve’s super-easy monetary policy stance and its desire to push the USD lower.
The Chinese yuan poses a threat to US dollar dominance, according to Nouriel Roubini. He predicted in a Financial Times column the emergence of a bipolar currency regime. "The intensifying ...
Move expected to cut Kenya’s annual debt-servicing costs by US$215 million also fits into China’s broader goal of yuan internationalisation.