US dollar

Dollar Extends Gains Amid Asia Trading, Overshadowing China’s Weekend Stimulus Announcements

In early Monday trades in Asia, the U.S. dollar extended its recent gains, continuing a trend that has been largely driven by market skepticism about further aggressive rate cuts from the Federal Reserve and disappointment over China’s lackluster weekend stimulus...
US Dollar Chinese yuan

China’s Economic Rise: A Paradigm Shift in Global Order

China is posing a significant threat to the US, as it aims to replace the US dollar as the world reserve currency. The Chinese yuan is the third-largest trade financing currency and fifth-largest payment currency, with foreign investors demanding an...
Chinese yuan- US dollar

Ukraine war makes Chinese yuan global currency

The Chinese economy is impressive. China maintained one of the highest economic growth rates in the world for more than a quarter of a century, helping lift more than 800 million people out of poverty in just a few decades....