Yuan

Yuan Strengthens Position, Edging Closer to Surpassing Pound in Global Trade

ByRubaisha

The Yuan is moving up the leaderboard of global currencies. Recent data show its share of foreign exchange turnover has jumped. That rise puts the yuan within striking distance of the British pound as the fourth most used currency in trade and finance. Markets, policymakers, and traders are taking notice. Yuan Gains Momentum in Global…

Yuan

Rising Yuan Prompts China to Smooth Gold Imports Amid Price Boom

ByAmna Habib

The Yuan has been climbing strongly in global markets, driving China to carefully manage its gold import policies as prices surge worldwide. With gold recently hitting multi-year highs, Beijing’s regulators are stepping in to ensure the market remains stable, while also protecting the country’s currency interests.  This move highlights China’s delicate balance between keeping the…