In a bold move with far-reaching implications, China and Brazil have agreed to trade directly using their own ...

The GENIUS Act could be the Trump administration's attempt at countering China's de-dollarization push. President Donald ...

During our lifetimes, we have taken financial governance somewhat for granted. The US dollar has provided the global unit of ...

Authors, including the PBOC’s former statistics head, call for ‘a new vision where multiple currencies jointly support global ...

The USD/CNY exchange rate rose to a high of 7.30 this week, its highest point since February as the trade war escalated. It has jumped by 0.87% from its lowest level this year, and some analysts ...

China is continuing to chip away at dollar dominance of the global financial system and is seeking to enhance the role of its currency, the renminbi (yuan), by easing restrictions on its movement ...

Geopolitical tensions and tariffs will likely push China to devalue its currency, making USD:CNY a profitable trade. Read more here.

HONG KONG: China’s yuan held near a two-week low against the US dollar on Wednesday as US President Donald Trump’s renewed tariff threats and persistent deflation at home checked sentiment.

As US President Donald Trump wages a trade war across the globe, a new target has come into his line of fire: the BRICS group of emerging major economies.