As Chinese currency ‘becomes more adopted globally’, report says it can replace many functions of a foreign exchange ...

Explore China's digital currency (digital yuan/RMB) and its potential impact on global finance. Is it a threat to the US ...

The findings also add a nuance to the global currency war, which in some quarters is seen as a result of the Federal Reserve’s super-easy monetary policy stance and its desire to push the USD lower.

Add Yahoo as a preferred source to see more of our stories on Google. The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may not be ...

As at last November, digital renminbi transactions had notched a cumulative value of $3.1 trillion since launch. Read more at ...

Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, ...

Add Yahoo as a preferred source to see more of our stories on Google. China is pushing global use of the yuan to reduce the impact of potential Western sanctions. It aims to guard against sanctions in ...

The yuan fell bellow the critical 7-per-dollar threshold on Wednesday amid weak economic data. That's the first time this year that China's currency undercut that key psychological level. The yuan has ...