The JPY exchange rate depreciates by 8% in 2023

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 overtook the JPY in global payments

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 […]

How to view the recent RMB “breaking 7”

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 […]

Russia is going to settle fertilizer trade in RMB

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 […]

Fed announces rate hike by 75 basis points

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 […]

Russian ruble surges 200% against dollar

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. […]