As Chinese currency ‘becomes more adopted globally’, report says it can replace many functions of a foreign exchange ...

Union Bancaire Privée has made the Chinese yuan one of its strongest bets, expecting the currency to keep rising against the ...

It is de facto the only foreign currency available for international trade of the Russian Federation without restrictions.

Russia’s banking system is facing a sharp shortage of Chinese yuan, the de facto main foreign currency still available for ...

Yuan financing has never been as popular as it is now, with more countries and foreign companies tapping the market, in a ...

China’s yuan has tightened its grip on global currency markets, rising to 8.5% of all foreign exchange trades this year and keeping its fifth-place ranking worldwide, according to the Bank for ...

Analysts think a major devaluation of China’s currency is unlikely, but Tuesday brought a tiny step in that direction. The People’s Bank of China, the central bank, set its reference rate at 7.2038 ...

China’s trade-weighted CFETS yuan basket index rose to 99.89 on Thursday, hovering near its highest level in a year and up ...

China eased its grip on the yuan (CNY) on Tuesday, allowing it to depreciate beyond a key level, likely in response to President Donald Trump's aggressive tariffs. Crypto analysts anticipate that the ...

(Reuters) -The yuan has shrugged off a trade war, slow growth, rock-bottom interest rates and a slump in foreign investment, to head for its sharpest annual gain since the pandemic year of 2020. The ...

China has long pushed back against digital currencies, but that might be changing. For years, Beijing’s position on digital assets seemed resolute: cryptocurrencies were a threat to financial ...