Global trading of the Chinese yuan has surged to $817 billion a day, extending a decade-long trend with volumes nearing those ...

Kenya has completed converting a $5 billion railway loan from China from dollars into yuan currency in order to save on ...

Joe Biden will be the next U.S. president but for the $6.6 trillion-a-day currency trading world, the undisputed victor is China's yuan, as investors bet trade tensions with Washington will recede and ...

The country is facing a drastic shortage in the US dollar, a major currency used in global trade. The Argentine peso has fallen nearly 80% against the greenback since the start of 2020. Argentina is ...

Yuan nears pound to challenge worlds four major currencies Yuans growing use in trade and swaps narrows gap with pound amid ...

China is pushing global use of the yuan to reduce the impact of potential Western sanctions. It aims to guard against sanctions in scenarios such as military conflict over Taiwan, a researcher says.

China's major state-owned banks have been swapping U.S. dollars for yuan this week, traders said on Thursday, suggesting monetary authorities are trying to rein in the sharply appreciating currency.

China’s central bank has opened a digital yuan operations center in Shanghai featuring platforms for cross-border payments, ...

China's currency has more downside ahead, according to JPMorgan strategists. Beijing has attempted to prop up the weakening yuan, but the bank sees reason to stay bearish. "The fundamental case for ...

Chinese officials told state-run banks to intervene in currency markets this week to limit yuan volatility, per Bloomberg. Banks are swapping dollars for yuan, while officials are also weighing tools ...