The Yuan (CNY) is increasingly being used for trade, investment and as a reserve currency in Africa. Strong trade trends support more trade settled in
CNY is being used for trade and investment in Africa and features as a reserve currency.
South Africa, CDI and Kenya are top markets for CNY cross-border payments; we expect Nigeria to catch up.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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PBoC sets USD/CNY reference rate at 7.1730 vs. 7.1732 previousThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1730, compared with the previous day's f
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PBoC sets USD/CNY reference rate at 7.1729 vs. 7.1730 previousOn Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1729, compared with the previous day's fi
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Alrosa suspends diamond allocations for Sept-OctRussian diamond producer Alrosa has suspended rough diamond allocations for September and October after a request from India's leading trade body, the Gems and Jewellery Export Promotion Council (GJEPC), GJEPC said in a statement on Wednesday. Sanctions-hit Alrosa declined to comment. The move aims to avert a supply glut in the global market and aid diamond prices amid weak demand, GJEPC Chair Vipul Shah told Reuters. The trade body had reached out to several global mining companies earlier this month to raise concerns on issues impacting diamond trade, he added.
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USD/BRL: Carry trade demand should dominate and drive the pair down to the 4.80 areaAfter the FOMC decision later today, Brazil’s central bank (Banco Central do Brasil) is widely expected to deliver another 50 bps rate cut. Economists
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Teams Preparing For Possibility Of MVP Candidates Hitting Trade Market In Next 12 MonthsTeams Preparing For Possibility Of MVP Candidates Hitting Trade Market In Next 12 Months - RealGM Wiretap
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Blazers Have Been 'Aggressive' In Pursuing Multi-Team Damian Lillard Trade ScenariosBlazers Have Been 'Aggressive' In Pursuing Multi-Team Damian Lillard Trade Scenarios - RealGM Wiretap
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