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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Sun May 11 2025 02:46:41 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
• 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
• Bitcoin breaches $94,000 • Asia markets mostly lower as China keeps lending rates • Japan exports rise • Trump attends SpaceX Starship launch, and more - Business Headlines Wednesday 20/November/2024
• Warren Buffett sold 67 percent in Apple • Dollar strengthens against yen • Vaccine stocks hit by RFK Jr nomination • Euro stocks tumble, and more - Business Headlines Tuesday 19/November/2024
• Trump's win drives gold low • US inflation rises 2.6 percent • Bitcoin tops $93,000, and more - Business Headlines Thursday 14/November/2024
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