- Business Insider 11:00May 14, 2022The dollar's dominance is here to stay as China's zero-COVID strategy hurts the yuan, a Morgan Stanley strategist saysThe dollar seems like "the cleanest dirty shirt" as the world economy deals with slowing growth and high inflation, according to Morgan Stanley.
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- Business Insider 17:59April 28, 2022China's yuan will sink to a 2-year low in the months ahead as investors flock to the dollar, Bank of America saysChina's slowing economy, the Fed's plans to rapidly hike rates, and rising commodities prices will all weigh on the yuan, Bank of America said.
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- Business Insider 17:52April 25, 2022Beijing seeks to halt the yuan's slide as China's currency hits a 17-month low against the dollarBeijing is lowering the required ratio of foreign-currency holdings for Chinese banks as it tries to curb a plunging yuan.
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- Business Insider 15:02April 22, 2022China's yuan is set for its worst weekly drop against the dollar since 2015, as investors rush back to the US"Foreign money leaving the China equity and bond markets is in danger of becoming a flood," one market analyst said of the dangers to the yuan.
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- Business Insider 16:59April 20, 2022Chaos in Chinese markets shows the yuan is no threat to the dollar, veteran economist saysChina "has less leverage in this situation than it postures," TS Lombard chief economist Steven Blitz said.
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- Business Insider 17:59April 19, 2022A top US Treasury official lays out 4 reasons why the dollar will remain the global reserve currencyDeputy US Treasury Secretary Wally Adeyemo said Russia has been trying, and failing, to reduce its reliance on the dollar since 2014.
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- Business Insider 20:06April 8, 2022China's yuan is replacing the dollar and euro in Russian bank accounts amid Western sanctions, report saysRussian banks are seeing a sharp uptick in business clients opening accounts with China's yuan instead of dollars or euros, a March survey found.
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