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+--- Thread: Yuan overtaken USD as most used cross-border currency (/Thread-Yuan-overtaken-USD-as-most-used-cross-border-currency)
Yuan overtaken USD as most used cross-border currency - Everything Everywhere - 27-04-2023
https://www.bloomberg.com/news/articles/2023-04-26/yuan-overtakes-dollar-as-china-s-most-used-cross-border-currency
RE: Yuan overtaken USD as most used cross-border currency - Alice Alicia - 27-04-2023
Just a matter of time.
RE: Yuan overtaken USD as most used cross-border currency - starbugs - 27-04-2023
The correct headline is "Yuan Overtakes Dollar as China’s Most Used Cross-Border Currency".
RE: Yuan overtaken USD as most used cross-border currency - Tee tiong huat - 27-04-2023
Good move...
China passed another milestone in its bid to reduce reliance on the dollar, as yuan usage in its cross-border transactions jumped ahead of the greenback’s for the first time in March.
RE: Yuan overtaken USD as most used cross-border currency - sgbuffett - 27-04-2023
Yuan will keep falling against USD as this dedollarisation and China release more Yuan trading partners and these are sold off for USD
RE: Yuan overtaken USD as most used cross-border currency - sogo - 27-04-2023
(27-04-2023, 11:12 AM)sgbuffett Wrote: Yuan will keep falling against USD as this dedollarisation and China release more Yuan trading partners and these are sold off for USD
ppl are selling usd for gold lah.
RE: Yuan overtaken USD as most used cross-border currency - webinarian - 27-04-2023
(27-04-2023, 11:12 AM)sgbuffett Wrote: Yuan will keep falling against USD as this dedollarisation and China release more Yuan trading partners and these are sold off for USD
It is due to lower bank reservation rate which is equivalent to lower bank interest rate.
US FED wanted to lower interest rate all the while but was forced to keep high due to inflation rate is high.
.