Currencies

Stay informed with free updatesSimply sign up to the Foreign exchange myFT Digest -- delivered directly to your inbox.The renminbi has surpassed the yen’s share of global payment transactions for the first time in almost two years, as low interest rates in China boost the appeal of its currency for financing trade with the world’s second-largest economy.Figures released on Wednesday by international payments platform Swift showed the renminbi’s share of global payments had climbed to 4.6 per cent in November, up from 3.6 per cent a month before. It surpassed...