You Searched For "dollar vs yuan" and got 20 results
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1 min read
Russia's ruble hits the lowest level in a year against the dollar and the yuan
As a key Treasury license is set to expire this month, it could become a lot harder for Russia to t…
Jennifer Sor
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
3 mins read
Russia can rely on China for the yuan, but China can't rely on anyone else
China faces many limitations to de-dollarization and just can't copy Russia's sanctions-proofing pl…
Huileng Tan
1 min read
It could soon get a lot harder for Russia to deal in Chinese yuan
Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant …
Jennifer Sor
3 mins read
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it bre…
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
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
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
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
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
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
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
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
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…