In the foreign exchange market in 2023, the “excessively cheap yen” is attracting attention. The yen fell the most among major currencies, hitting a record low relative to theoretical values based on prices at home […]
The RMB’s share of global payments hit a record high in November, making it the fourth most widely used currency for the first time since early 2022, according to transaction data compiled by Swift, a […]
Emerging and developing countries, known as the global South, “will contribute to and play an important role in overall global growth,” Reserve Bank of India Governor Das said in an interview in Tokyo, laying out […]
Recently, the RMB exchange rate has continued to weaken. The RMB exchange rate, which broke 7 in May, continued to fall below 7.1. On June 1, the onshore yuan closed at 7.1179 against the US dollar, the […]
Since May 17, the yuan has fallen below 7 to 1 against the dollar. The adjustment continued even after authorities warned on May 19 to curb speculation and rein in wild swings in the exchange […]
International Business News – Recently, there is news that, in addition to the RMB settlement business with India, Russian officials, when reporting to the Russian president not long ago, said that they would use RMB to […]
International Business News – In early trading on the 5th, offshore RMB rose strongly above the 7.00 mark against the dollar for the first time in September, rising 450 points during the day to a high […]
The U.S. Federal Reserve announced on June 15, local time, that it would raise the benchmark interest rate by 75 basis points to an annual level of 1.5-1.75%. This is the largest rate hike by […]
It has plummeted by about 50% and rebounded by nearly 200%. Since the beginning of this year, the exchange rate of the Russian ruble against the US dollar has been on a “V”-shaped roller coaster. […]
Deutsche Bank warned that the Bank of Japan’s bond-buying policy to achieve its yield curve control (YCC) target could cause financial markets “dramatic , unpredictable nonlinear” fluctuations, and the yen completely lost its fundamental valuation […]
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