You Searched For "Yuan" and got 20 results
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2 mins read
Stock market today: Stocks soar as investors cheer soft PPI and brace for consumer inflation data
Stocks surged as investors were encouraged by cooler producer inflation. The Dow rose 400 points an…
Filip De Mott
3 mins read
Market mayhem has calmed down. Here's what went down — and why more chaos may be coming.
Fresh fears of a recession, a Japanese interest-rate hike, and declining asset valuations rattled i…
Theron Mohamed
2 mins read
China sees the transition to green energy as a chance to elevate the yuan and dedollarize key markets
The transition to green energy is "an opportunity for the nation to raise the global standing of th…
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
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 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…
Aruni Soni
1 min read
Stock market today: Indexes poised for another record as traders digest Fed commentary
The Fed looks like it's "inching closer" to a rate cut, according to B. Riley Wealth's Art Hogan.
Jennifer Sor
1 min read
Stock market today: Indexes inch higher to new records after Powell testimony
Outlooks on Fed policy remained unchanged after Chairman Jerome Powell offered no new insight durin…
Filip De Mott
1 min read
Chinese state-owned banks are propping up the yuan while the central bank signals currency weakness
Chinese banks have frequently sold dollars in the currency market this year to stem the yuan's decl…
Aruni Soni
1 min read
China boosts Argentina's access to the yuan under currency deal as peso plummets
Argentina's president said the country can now tap $6.5 billion worth of Chinese yuan, up from $5 b…
Aruni Soni
1 min read
Argentina used Chinese yuan for part of its payment to the IMF as US dollars remain scarce
To meet maturity payments on its $44 billion debt deal with the IMF, Argentina has previously tappe…
Filip De Mott
1 min read
Russia's use of the Chinese yuan surges as the Kremlin looks to bypass sanctions
The yuan's share of Russian import invoicing has jumped to 20% since the Ukraine war from 3% before…
Filip De Mott
1 min read
China signs yuan-denominated loans for Belt and Road Initiative, accelerating de-dollarization
Beijing's yuan lending spree comes after most of its prior Belt and Road Initiative loans were deno…
Aruni Soni
1 min read
Capital is leaving China at the fastest pace in more than 7 years, sending the yuan lower
The yuan is less than 1% from its lowest point of the year as investors continue to flee Chinese ma…
Filip De Mott
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
2 mins read
India's government is getting more uncomfortable buying Russian oil with Chinese yuan, putting payments in limbo
Although Russian firms are continuing to deliver crude supply, seven cargoes have yet to be paid fo…
Filip De Mott
2 mins read
Here's why China's yuan will never be able to dethrone the US dollar
"That weaponization of the dollar is part of the reason why Russia, China, and other BRICS nations …