It is de facto the only foreign currency available to the Russian Federation for international trade without restrictions.

Russia’s banking system is facing a sharp shortage of Chinese yuan, the de facto main foreign currency still available for international trade, driving borrowing costs sharply higher and adding ...

Yuan financing has never been as popular as it is now, with more countries and foreign companies tapping the market, in a ...

The yuan on the Moscow Exchange climbed to 11.69 rubles — its highest level since Sept. 25. The dollar on the over-the-counter market rose to 80.66 rubles — the highest since Jan. 6 — while the euro ...

China eased its grip on the yuan (CNY) on Tuesday, allowing it to depreciate beyond a key level, likely in response to President Donald Trump's aggressive tariffs. Crypto analysts anticipate that the ...

The yuan is closing in on its biggest weekly drop in over six months as the dollar rebounds, sharpening the focus on the Chinese central bank’s policy signals. China’s currency has depreciated 0.7% ...

SHANGHAI/SINGAPORE (Reuters) -As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People's Bank of China was seizing a moment of ...

China has long pushed back against digital currencies, but that might be changing. For years, Beijing’s position on digital assets seemed resolute: cryptocurrencies were a threat to financial ...

Bitcoin's BTC $68,991.14 price often dances to the tune of global money flows, and right now, a strengthening Chinese yuan (CNY) could be setting the stage for a more bullish backdrop for the ...

HONG KONG, Jan 28 (Reuters) - China's yuan touched a new 32-month high against the U.S. dollar on Wednesday after Beijing guided its currency higher as global greenback selling intensified while ...

SHANGHAI, Feb 4 (Reuters) - Booming exports are pushing up China's currency and while analysts think authorities will resist further gains, ‌risks are to the upside and could test the country's ...