Yen spikes as spectre of Japan government intervention spooks investors
The yen made significant gains and continued to rise by 0.5% to reach 155 points per dollar...
Tag : yuan
To boost domestic semiconductor sector, China sets up third fund with USD 47.5 billion
China must become self-sufficient in semiconductors, according to President Xi Jinping...
Asia Private Equity & Bitcoin ETFs: Morgan Stanley’s focus amid leadership shift
The Securities and Exchange Commission approved 11 spot bitcoin ETFs in January 2024...
China’s real estate stimulus faces consumer confidence test
China recently announced lowering interest rates on current mortgages and relaxing regulations for first-time homebuyers in major cities...
Dollar’s kingship under threat?
As of 2023, central banks hold about 60% of their foreign exchange reserves in Dollars...
China to carry out two more digital yuan trials in Chengdu and Suzhou
Reportedly, Chengdu will distribute $7.7 mn to winners of its first digital yuan lottery on January 27...
Is China pushing for an universal currency?
China recently announced pilot programmes for its digital currency in three regions...
Coronavirus epidemic could speed up the launch of digital yuan
Government has seized and quarantined old paper notes to prevent the spread of virus...
Trade war: Yuan drops to lowest in more than 11 years
In the onshore market, yuan dropped to 7.1500 pegged against the US dollar, the weakest since February 2008...