Keywords: Yuan
Asian currencies showed mixed performance on January 23 as the dollar headed for its sharpest weekly drop in months, with gains in China's yuan and Malaysia's ringgit offsetting fresh record lows for India's and Indonesia's rupees. The dollar index hovered near 98.3 and faced a roughly......
The China-led mBridge digital currency platform has processed over $55 billion in cross-border transactions, according to a fresh Atlantic Council report. This marks a 2,500-fold increase in volume since the project's 2022 launch, highlighting surging momentum for alternatives to dollar-dependent......
China has announced routine annual adjustments to its CFETS currency basket for the yuan, further decreasing the weights of major currencies including the US dollar and the euro, as the renminbi concludes its strongest year against the greenback since 2020. The China Foreign Exchange Trade System (CFETS),......
China's yuan has surged past the critical 7-per-dollar threshold in onshore trading for the first time since 2023, reaching 6.9960 on Tuesday amid evident concerns from authorities over the currency's sharp strengthening. This milestone reflects mounting pressures on Beijing to balance export......
The Chinese yuan exceeded the key threshold of 7 per dollar for the first time since September 2024, signaling renewed confidence in the nation’s currency strategy. The offshore yuan reached 6.9985 against the U.S. dollar on Thursday after the People’s Bank of China (PBOC) set its daily midpoint......
Israel detained and deported two British Members of Parliament (MPs), Yuan Yang and Abtisam Mohamed, upon their arrival from London as part of a parliamentary delegation. The Israeli immigration ministry stated that the MPs were suspected of intending to “document security force activities and......
LONDON, Jan 6 – The dollar fell by 1% on Monday following a report suggesting that President-elect Donald Trump might implement tariffs targeting only critical imports, offering potential relief to countries bracing for more extensive levies. Reports indicated that Trump's team was considering......
Taiwanese politics have taken a dramatic turn as Ko Wen-je, a prominent political figure and former mayor of Taipei, faces serious charges of bribery and misuse of political donations. Ko, who recently ran for the presidency, is now under intense scrutiny following allegations that have captured the......
In a candid interview, Eric Yuan, CEO and founder of Zoom, painted a vivid picture of a future where artificial intelligence (AI) would take over the most mundane tasks in our professional lives. His vision is both intriguing and unsettling, leaving one to ponder whether it is a dream come true or a......
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