Key Points Russia’s use of the yuan surged after sanctions, with 53% of its trade now in the Chinese currency.…
Key Points Potential Capital Repatriation: Chinese firms may repatriate $400 billion to $1 trillion in dollar-denominated assets due to expected…
At A Glance Declining Global Reserve Share: The US dollar’s share in global reserves dropped from 71% in 1999 to…
Quick Overview Massive Wealth Erosion: $16 billion lost by China’s wealthiest due to stock selloffs in Nongfu Spring and PDD…
Quick Look: The yuan saw a 22.9% year-on-year growth in 2023, highlighting its rising global utilisation. Enhanced financial infrastructure in…
Quick Look: US sanctions on Russia in 2022 spurred BRICS nations to reduce their reliance on the US dollar, promoting…
Quick Look: Asian shares fell on Monday despite China’s central bank cutting short-term rates by ten basis points. China’s rate…
Quick Look: Western sanctions isolate Russia from global finance, and yuan transactions are increasingly frozen. US sanctions in June worsen…
Quick Look: Prime Minister Modi skipped the 2024 SCO summit, sending Foreign Minister Jaishankar instead. India’s decision reflects strategic discontent…
Foreign exchange, or forex, represents the world’s largest financial marketplace. It is a global hub where buyers and sellers engage…