Browsing: Yuan

Growing ties between Saudi Arabia and China could potentially shift oil trade between the two nations to the Chinese currency, the renminbi

The Russian ruble weakened slightly against the dollar but strengthened against the yuan on Wednesday, the first day of increased net daily sales of the Chinese currency by the finance ministry and the central bank.

The Bank of Russia carries out purchase and sale operations on the domestic market in the currency section of the Moscow Exchange in the yuan-ruble instrument

At 1229 GMT, the yuan was 0.05% lower at 7.2605 to the dollar, its weakest since November and only 11 pips from the top of a narrow 2% daily trading band, the mid-point of which is set by the People’s Bank of China (PBOC)

The yuan/ruble exchange rate will now set the trajectory for other currency pairs on the Moscow Exchange (MOEX), including for the euro and dollar, the Bank of Russia (CBR) announced on Thursday.

The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday.

The dollar slipped on Monday, with the threat of currency intervention from Japanese authorities and a government-driven rally in China’s yuan weighing on the U.S. currency.

Mainland Chinese stocks reversed early losses with the blue-chip CSI 300 up 0.7% LONDON – Global shares eased below their recent…

Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims The share of Chinese yuan in global…

The currency has even reportedly been used as a means of payment with the UK, US, and EU Russia is…