Chinese Yuan – Currency News
BestExchangeRates was selected as a delegate for the Australia Week in China (AWIC) trade delegation to China with Prime Minister Malcolm Turnbull in April 2016. AWIC 2016 was the largest business mission ever organised by Austrade consisting of almost 1000 delegates from around 750 companies. AWIC 2016 focussed on forging business linkages, building the bilateral […]
Among the world’s ten most actively traded currencies, it was the Chinese yuan that was leading the pack approaching the end of the Asian business week. Last week: majors all down Aussie dollar (AUD) was down last week, retreating from US0.80 cents, on Australia’s disappointing rise in private sector wages, their massive contraction […]
World Accounts now let your business collect funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts in China.
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
USD sinks as global currency markets react to slowing US inflation, prompting a surge in other major currencies and a potential end to the Federal Reserve's tightening cycle.
August has seen the Australian dollar under pressure after China’s unexpected lending rate cuts, hinting at concerns about the health of the world’s second-largest economy. On the other side of the spectrum, the Russian rouble has shown signs of economic strain, notably affected by international sanctions in light of the conflict with Ukraine. The People’s […]