Asian equities were mixed overnight, as Pakistan outperformed and Taiwan underperformed, as the US dollar weakened.

BEIJING] China’s tech giants JD.com and Alibaba affiliate Ant Group are urging the central bank to authorise yuan-based ...

An IMF study tests Purchasing Power Parity (PPP) across West and Central Africa, revealing stronger price convergence in ...

The leader of China’s central bank made a clear though indirect critique of the dollar’s role as the world’s main currency.

China’s top monetary official said the global financial system is moving away from the US dollar, and China wants to push the ...

Chinese policymakers see erratic US decision-making and geopolitical tensions as the most favorable backdrop in years to ...

BEIJING, July 2 (Xinhua) -- China's central bank has authorized the Turkish branch of the Industrial and Commercial Bank of China (ICBC) to serve as the renminbi clearing bank in Türkiye, according to ...

A new survey of central banks suggests growing skepticism about the future of the US dollar and its role in the global ...

The renminbi traded at 7.3000 on Tuesday morning, its lowest level since November 2023. It has dropped in the last 13 consecutive weeks and is slowly approaching its lowest level on record.

The renminbi is the obvious candidate to take share away from the dollar, given the size of the Chinese economy and its role in global trade. But for various reasons, ...

Claims that the renminbi will or will not replace the U.S. dollar could both be right depending on how the question is framed. The renminbi is internationalizing, but only in the bilateral or ...