So much international trade happens in dollars that it would be very difficult to turn the tide against the currency any time soon.
China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency.
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Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
EU consumers are familiar making payments with traditional coins and bills, but soon they could be joined by an ‘e-euro".
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Central banks are now taking digital currencies seriously, and the EU is exploring the idea. While an “e-euro” could increase monetary security and stability, the venture is not without risks.
The agreement marks a key milestone in strengthening bilateral financial cooperation between the world’s largest exporter, China, and Southeast Asia’s largest economy, Indonesia.
Trump says Argentina is intentionally weakening the peso.
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Most countries manipulate their currencies – at least a little – but at the moment that’s not the real reason they are undervalued relative to the dollar.
Chinese real estate investors might be more interested in investing in their homeland rather than Australia, given the changing market and regulations.
China’s foreign reserves are declining.
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China has introduced new currency and investment controls after foreign exchange reserves hit the lowest level since 2011. This could have a profound impact on our trading relationship.
The yuan’s joining of the SDR reserve currency club signifies a new era of international growth for China.
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China’s interventions to cheapen its currency relative to others will hurt US imports in the short term, but the country’s surging “mainstream” will easily offset the impact.
Undervalued or overvalued? It depends on your perspective.
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The US may not like it, but by devaluing the yuan the People’s Bank of China has done what longtime critics of China’s currency policy have long been clamouring for.
Whatever China’s policymakers do these days matters a lot, and not just to the denizens of the People’s Republic. On the contrary, for better or worse what happens in China has a powerful and often immediate…