In local currencies, the swap was worth 15 billion renminbi or N720 billion ... ramping up efforts to boost the yuan's appeal as an alternative currency in international trade and as a reserve ...

China’s central bank has pumped a record amount of short-term funds into the financial system this week in an effort to ...

China and many other countries buy U.S. debt through the purchase of Treasury bonds. Here are the factors behind those purchases.

China’s currency has weakened to a 16-month low following ... prospects for the world’s second-largest economy. The onshore renminbi fell 0.1 per cent to Rmb7.33 against the dollar on ...

Since September 1, the rupee has lost 2.91% to the dollar while the renminbi is down 3.28% ... The world’s reserve currency has surged with the dollar index hitting 110 earlier this week.

The renminbi’s exchange rate ... Trump pledged to maintain the dollar’s status as the world’s reserve currency. Much like China, BRICS leading nation Russia is also facing a mountain ...

The rupee has been on the depreciation path in the last few months due to various factors such as widening trade deficit, ...

These other currencies, except for the Chinese renminbi, have all been gaining ... but its currency plays only a small role as a reserve currency. And it has lost ground against the USD and ...

Hong Hao, chief economist at GROW Investment Group, said the yuan, or the renminbi, may still face ... exchange reserves will also underpin the currency. Official data showed on Tuesday that ...

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