Browsing Tag
Chinese Yuan
106 posts
Chinese Yuan Gains Strength Amid The US Dollar’s Softening Stance
The Chinese Yuan is currently holding an upper hand in the currency wars as the US dollar continues…
BRICS: 73 Central Banks Buy US Dollar, Ditch Chinese Yuan
Central banks of leading countries are hoarding US dollars and gold and not the Chinese yuan. Reserve bank…
Chinese Yuan Is Humbling The US Dollar: What Is The Future Of USD?
China is pioneering the de-dollarization agenda. The nation has lately been pushing the renminbi, or Chinese yuan, at…
BRICS: 2 Countries Use Local Currency For Imports, Ditch US Dollar
BRICS countries India and China agreed in the latest trade deal to use local currencies for import settlement…
Chinese Yuan Climbs 14.70% Against the US Dollar Since 2005
The Chinese yuan is down nearly 1.9% year-to-date against the US dollar in May 2024. However, the yuan…
The US Dollar Surges Against Global Currencies: What’s Happening?
The currency wars are now intensifying as the US dollar surges against global markets, and their “moolahs” are…
Chinese Businesses Hoard US Dollars Fearing the Yuan Could Weaken
President Xi Jinping is trying to counter the US dollar on the global stage by pushing the Chinese…
De-Dollarization: Russia Has No Choice Than Using Chinese Yuan
Russia is in a ridiculous situation where it wants to balance the act of de-dollarization while keeping its…
BRICS: Even China’s Exporters Don’t Want the Chinese Yuan
BRICS member China is in trouble as the Chinese Yuan is unable to keep pace with the growing…
U.S. Dollar Batters 22 Asian Currencies in a Row
The DXY index, which measures the performance of the U.S. dollar shows the currency hovering around the 106…