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Yuan's global currency transactions for trade rose to 4.5% in March, USD was 83.71%.

Yuan's global currency transactions for trade rose to 4.5% in March, USD was 83.71%.
ICYMI, Reuters had this overnight:Yuan overtakes dollar to become most-used currency in China's cross-border transactionsThat headline will get the de-dollarization folks all excited, but wait there's even more!The yuan was used in 48.4% of all cross-border transactions (in China), Reuters calculated, while the dollar's share declined to 46.7% from 48.6% a month earlier.High fives all 'round? Maybe not, as buried down the bottom of the article is this:Data from SWIFT showed that the yuan's share... Read More
Posted: Apr 26 2023, 23:03
Author Name: forexlive
Views: 103178

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