MARKET NEWS — China's yuan is in the midst of a steep decline as holders of the currency eye the risk of US sanctions. The value of the yuan slumped against Russia's ruble for the fifth day in a row on Wednesday, falling to a level of 11.51 rubles. That's the cheapest the yuan has been in about a year. Central banks, meanwhile, are looking to dump the yuan while raising their holdings of the US dollar... businessinsider.com
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Mon Apr 07 2025 10:42:20 GMT+0000 (Coordinated Universal Time)
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China's yuan is in the midst of a steep decline as holders of the currency eye the risk of US sanctions
Published (Updated) on Friday, June 21, 2024
• Apple vs Huawei Market Competition - Apple iPhone 16 Facing Challenges in China Market Against Huawei's Trifold Mate XT, According to Analysts
• JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch
• International Money Transfer Operators have halted the payment of dollars to their Nigerian customers
• Russian ruble crashed through the level of 100 to the dollar for the first time since March last year
• Gold soars as Trump's tariff threats • Mass layoffs in North Carolina • UK inflation jumps to higher-than-expected, and more - Wednesday 19/February/2025 Business Headlines
• Japan to approve 39 trillion yen for consumer spending • Bitcoin moves towards $100,000 • US imposes sanctions on Russian banks, and more - Business Headlines Friday 22/November/2024
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