Chinese Yuan overtakes US dollar as most-used currency in Ch...

DavidBeeby wrote a post · Apr 27, 2023 11:05

Chinese Yuan overtakes US dollar as most-used currency in China's cross-border transactions for the first time in history.
Yuan-share rose to a record high of 48%, UP from nearly zero in 2010.
U.S-share declined to 47%, DOWN from 83% over the same period.
Wow.

$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $USD (USDindex.FX)$ $Rmb Appreciation Related (LIST1187.HK)$ $CNY/USD (CNYUSD.FX)$

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