Free Trial

The yuan regained its position as the sixth...>

CHINA
CHINA: The yuan regained its position as the sixth most-used currency for
domestic and international payments by value in November, with a share of 1.75%,
according to the Society for Worldwide Interbank Financial Telecommunication
(SWIFT), the international payments network. The yuan had dropped to seventh
position in October with a share of 1.46% due to seasonal effects following
China's Golden Week holiday, SWIFT said. Overall, the value of yuan payments
increased by 23.35% month-on-month in November, compared with a 19.10% decrease
in October.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.