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".
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.
‘No roubles, no gas.’
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It will take more than Europe’s gas requirement to topple the greenback.
As the world becomes more divided by this war, the Chinese yuan may become the safe haven for Russia and other liked-minded countries.
A man looks at foreign currency exchange rates on an electronic panel in Jakarta, Indonesia.
FOTO ANTARA/Rosa Panggabean/ed/mes/11
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.
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.
The US and China have an interdependent economic relationship. If this unravels it will have global ramifications.
Regulations and changing conditions within China’s economy have led many Chinese investors to spend overseas.
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.
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.
The Chinese government should focus less on promoting the yuan internationally and more on domestic financial reform.
Trump is only the latest U.S. politician to bash China over its trade and currency policies. Is the criticism fair?
Allowing China’s currency to go up and down with the market is one way to longer-term stabilisation.
Beijing wants the Renminbi to become an international currency - but is it prepared to do what it takes?
China’s sharemarket troubles hang over Western bourses.
Market “hiccups” are painful for western markets, but a good sign of the internationalisation of Renminbi.
China wants the yuan to gain the same international standing as the US dollar.
The inclusion of the yuan into the IMF’s currency basket shouldn’t stop ongoing Chinese financial market reforms.
The yuan has a long way to go.
Yuan dollar via www.shutterstock.com
Recent headlines suggesting the yuan is on the verge of becoming an international currency stray far from reality.
Chinese authorities allowed the yuan to drop rather than holding it at an artificially inflated price.
China’s actions around the yuan are less dramatic than they have been portrayed. But what’s behind the drop is the major worry for Australia.
A change in the scales isn’t likely to put a major dent in the growth in US exports to China.
Yuan dollar via www.shutterstock.com
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.
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.
EPA/How Hwee Young
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…