Tradenews

Chinese Yuan Expanding Rapidly to Become Global Reserve Currency [08 Dec 2010]  
According to the People’s Bank of China, the trade transactions settled between June and November in Chinese currency is to the tune of 340bn yuan ($51bn). In a bid to make yuan a global reserve curre  ...More
Tags: Global Reserve Currency    Yuan    Renminbi    Finance    
Yuan ends up vs dollar, seen stable in short term [03 Mar 2012]  
The yuan closed up slightly against the dollar on Tuesday, led by a stronger mid-point fixing, but traders said the currency had little room to rise sharply due to a subdued economic outlook. Uncertai  ...More
Tags: Yuan    
Yuan Sees a High- Chinese Exporters Not Happy. [20 May 2013]  
Last week, the People’s Bank of China pegged the Yuan at 6.1980 against the US Dollar, the highest number that the Yuan has achieved in the last 19 years. While this development shows the rising power  ...More
Tags: Yuan chinese exporters    
Yuan beats Euro as the Second Most Traded Currency in Global Business [20 Jan 2014]  
Looks like the Chinese flag is soaring high, with the latest findings that the Chinese Yuan has emerged as the second most used currency in global finance, slowly inching towards the market leading Do  ...More
Tags: Yuan Euro Traded Currency Global