Western Sanctions Boost Yuan to 53% in Russia-China TradeForex

Western Sanctions Boost Yuan to 53% in Russia-China Trade

Key Points Russia’s use of the yuan surged after sanctions, with 53% of its trade now in the Chinese currency.…

The Quiet Transformation of Global Currency DynamicsForex

The Quiet Transformation of Global Currency Dynamics

Key Points Potential Capital Repatriation: Chinese firms may repatriate $400 billion to $1 trillion in dollar-denominated assets due to expected…

The Dollar’s Global Reserve Share Drops to 59% by 2024Forex

The Dollar’s Global Reserve Share Drops to 59% by 2024

At A Glance Declining Global Reserve Share: The US dollar’s share in global reserves dropped from 71% in 1999 to…

$16 Billion Lost: China’s Wealthiest Hit by Market CrashEconomy

$16 Billion Lost: China’s Wealthiest Hit by Market Crash

Quick Overview Massive Wealth Erosion: $16 billion lost by China’s wealthiest due to stock selloffs in Nongfu Spring and PDD…

Yuan Internationalisation Grows 22.9% in 2023Forex

Yuan Internationalisation Grows 22.9% in 2023

Quick Look: The yuan saw a 22.9% year-on-year growth in 2023, highlighting its rising global utilisation. Enhanced financial infrastructure in…

BRICS Accelerates De-Dollarization Amid SanctionsForex

BRICS Accelerates De-Dollarization Amid Sanctions

Quick Look: US sanctions on Russia in 2022 spurred BRICS nations to reduce their reliance on the US dollar, promoting…

Asian Shares Fall Amid Economic Concerns, Down 0.7%Stocks

Asian Shares Fall Amid Economic Concerns, Down 0.7%

Quick Look: Asian shares fell on Monday despite China’s central bank cutting short-term rates by ten basis points. China’s rate…

Russia’s Economy Struggles as Yuan Transactions Face FreezesForex

Russia’s Economy Struggles as Yuan Transactions Face Freezes

Quick Look: Western sanctions isolate Russia from global finance, and yuan transactions are increasingly frozen. US sanctions in June worsen…

India Criticizes China’s De-dollarization at SCO 2024Forex

India Criticizes China’s De-dollarization at SCO 2024

Quick Look: Prime Minister Modi skipped the 2024 SCO summit, sending Foreign Minister Jaishankar instead. India’s decision reflects strategic discontent…

Forex Trading: The Largest Financial MarketplaceEducation

Forex Trading: The Largest Financial Marketplace

Foreign exchange, or forex, represents the world’s largest financial marketplace. It is a global hub where buyers and sellers engage…