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Currencies

Forget the dollar – China has its hands full propping up the yuan against 23 other currencies, report says

Wed, 09/13/2023 - 08:50

Tech Insider

currencies renminbi yuan dollar euro — A man walks past an advertisement promoting China's renminbi (RMB) or yuan ,US dollar and Euro exchange services at money exchange in Hong Kong.
Reuters/Tyrone Siu

Markets, mi-exclusive, Markets, Yuan, China, Currencies, Dollar

A BRICS currency backed by gold 'makes no sense whatsoever,' says one market guru

Wed, 09/13/2023 - 07:08

Tech Insider

Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020. — Creating a BRICS currency backed by gold makes no sense, says David Woo.
Photo by David Gray/AFP

Markets, mi-exclusive, Markets, BRICS, Gold, China, us-dollar

China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low

Mon, 09/11/2023 - 05:24

Tech Insider

China yuan — China's yuan has tumbled in recent weeks.
Bloomberg Creative/Getty Images

Markets, mi-exclusive, Markets, Currencies, Yuan, China

The dollar wiped out this year's losses over the past 2 months following a barrage of strong economic data

Sat, 09/09/2023 - 05:00

Tech Insider

dollar bills — The US dollar has soared over the past two months thanks to a barrage of strong economic data.
Jordan Hart/

Markets, mi-exclusive, Markets, Currencies, us-dollar, dollar-dominance, us-dollar-index

China is pushing ahead with dedollarization, hoarding gold for a 10th straight month after slashing Treasury holdings to a 14-year low

Thu, 09/07/2023 - 12:11

Tech Insider

A man places a gold bar in a locker in a vault at the precious metals dealer Pro Aurum. — A man places a gold bar in a locker in a vault at the precious metals dealer Pro Aurum.
Sven Hoppe/picture alliance/Getty Images

Markets, mi-exclusive, Currencies, dedollarization, China, Gold, gold-reserves

China's economic woes mount with the yuan hitting a 16-year low

Thu, 09/07/2023 - 07:36

Tech Insider

Dollar vs. Yuan — Dollar vs. Yuan
ByoungJoo/Getty Images

Markets, mi-exclusive, Markets, Yuan, Dollars, Currencies, china-yuan

The greenback is 'losing some influence' in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan

Tue, 09/05/2023 - 01:12

Tech Insider : Economy

One Chinese yuan bill lying on top of a US dollar bill. — A larger volume of oil is now being transacted in non-dollar currencies such as the Chinese yuan, JPMorgan said in its report.
Getty Images

Markets, economy, News, mi-exclusive, Markets, dedollarization, JPMorgan

Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple

Mon, 09/04/2023 - 05:55

Tech Insider

Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023. — Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.
Sputnik/Sergei Karpukhin/Pool via

Markets, Markets, mi-exclusive, dedollarization, Currencies, Loans, De-Dollarization

The winners and losers from a so-so August that threatened to stop the 2023 stock market rally in its tracks

Sat, 09/02/2023 - 05:24

Tech Insider

stock market traders — ANGELA WEISS/Getty Images

Markets, mi-exclusive, Markets, Stocks, Bonds, Currencies, China

China tries again to support its battered economy, bringing in new measures to boost the yuan

Fri, 09/01/2023 - 05:09

Tech Insider : Economy

Yuan — The Chinese yuan.
REUTERS/Stringer

Markets, mi-exclusive, Currencies, China, chinese-yuan, china-economy, china-markets-and-economy

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