You Searched For "dollar vs yuan" and got 20 results
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2 mins read
Russian FX trading is almost entirely in yuan as sanctions restrict dollar use
The Chinese yuan takeover comes after sanctions halted trading in the dollar and euro.
Filip De Mott
3 mins read
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, …
Huileng Tan
1 min read
China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…
Jennifer Sor
1 min read
Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan
Yuan availiability is shriveling up in Russia as US sanctions have pushed Chinese lenders away from…
Filip De Mott
3 mins read
Markets are worried about the Chinese yuan sparking a new wave of turmoil
The Chinese yuan spiked against the US dollar on Monday in moves that were similar to the Japanese …
Huileng Tan
3 mins read
The 4 forces that will challenge the dominance of the dollar, according to economic researchers
The dollar's dominance in financial markets has slipped, with the greenback accounting for less tha…
Jennifer Sor
3 mins read
Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
The US dollar is used in about 50% of all global payments and 84% of trade finance contracts — far …
Huileng Tan
2 mins read
Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar
Russia's central bank said on Thursday that the currencies from "friendly countries" and the ruble …
Huileng Tan
5 mins read
Countries from Russia to China are building payments systems that could threaten the dollar's global dominance
Cryptocurrencies, SWIFT alternatives, and even the barter system could reshape global payments amid…
Huileng Tan
2 mins read
The Chinese yuan has helped fund Russia's trade and war machine — but those days may be numbered
Russia is looking into alternative payments infrastructure — which a top Russian banker said should…
Huileng Tan
2 mins read
Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at …
PTI
2 mins read
Russia's economy is still raking it in, but many billions of dollars are stranded overseas
Russia's foreign financial assets rose $44.6 billion in the first seven months of this year, with a…
Huileng Tan
3 mins read
People in China continue to buy gold even as the currency remains weak!
Record-high gold prices driven by global uncertainties and central bank rate cuts lead to increased…
Huileng Tan
1 min read
Trump's tough trade stance could undercut his plans for a weaker dollar
Trump wants both trade barriers and a weaker dollar. But raising tariffs typically creates a strong…
Filip De Mott
2 mins read
China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says
Ruble volatility will get worse in Russia amid fresh US sanctions, but this offers a way for the Ch…
Filip De Mott
3 mins read
De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says
Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…
Jennifer Sor
2 mins read
China's push to internationalize the yuan and reduce dependence on the US dollar is working, economist says
The yuan has seen a boost in the share of global payments using the currency this year, which could…
Aruni Soni
2 mins read
China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.
In a recent global survey of 1,660 enterprises, many respondents said their trading partners were u…
Huileng Tan
3 mins read
China faces 5 big obstacles in its effort to de-dollarize and boost the yuan on the world stage
Obstacles include China's capital controls and the longstanding popularity and use of the US dollar…
Jennifer Sor
1 min read
Bank of China eyes de-dollarization move in Africa, pushing the yuan in a top copper producer
The Bank of China's office in Zambia is pushing to increase trade using the yuan in Africa's second…