Yuan
Former People's Bank of China adviser Liu Shijin has urged China to leverage its massive buying power to increase yuan-settled imports, aiming to accelerate the currency's internationalization. The advice gains renewed relevance amid the yuan's recent appreciation and rising US dollar uncertainties under President Donald Trump.
Rapportert av AI
China's onshore yuan closed at its strongest level since May 2023, trading at 7.0066 per dollar, amid a weakening US dollar. This development, typically bullish for bitcoin, has not lifted the cryptocurrency, which lingers below $90,000. Factors like thin year-end liquidity and ETF outflows are muting the expected rally.