Global use of China’s yuan up sharply, beating pound and yen on internationalisation index
Overseas use of the Chinese yuan grew significantly last year due to its pivotal role in global supply chains and...
archiveChina currency
Global use of China’s yuan up sharply, beating pound and yen on internationalisation index
Overseas use of the Chinese yuan grew significantly last year due to its pivotal role in global supply chains and...
US Dollar gets costlier to borrow in China in new sign of Yuan woes
The premium to borrow dollars in China’s local markets has jumped over the past month, another example of the resurgent US currency’s global reach and persistent headwinds facing the yuan.China’s overnight interbank dollar lending rate hit a record 5.47% on March 29 after a steady climb, before easing to 5.42% Thursday, Bloomberg-compiled data show. That has pushed its gap with the US secured overnight financing rate, a global benchmark, to the widest since July twice in the past two weeks.The tightening supply of the US currency in China has coincided...
China currency: yuan traders grow anxious at prospect of Donald Trump return to White House
A gauge of the cost to hedge the Chinese currency which covers the November 5 vote has climbed to the...
China currency: yuan traders grow anxious at prospect of Donald Trump return to White House
A gauge of the cost to hedge the Chinese currency which covers the November 5 vote has climbed to the...
