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#yuan — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #yuan, aggregated by home.social.

  1. China is quietly laying the financial plumbing to weaken the dollar's dominance by expanding the interest-bearing e-CNY at home and pushing blockchain-based cross-border payment systems abroad. japantimes.co.jp/commentary/20 #commentary #worldnews #forex #currencies #dollar #yuan #ecny #mbridge #china #us #tariffs #sanctions #treasuries

  2. #China is considering allowing #Yuan-backed #stablecoins to promote global use of its currency, marking a major #policyshift from its previous ban on #cryptocurrencies. The plan, which includes steps to counter US progress on stablecoins and guidelines for risk prevention, will be reviewed by China’s State Council later in August. cointelegraph.com/news/china-c #tech #media #news

  3. The USD holds steady near 7-week highs as key CPI data approaches, while EUR stays low on weak forecasts and JPY struggles despite rising producer prices. GBP attempts recovery after the BoE report. Traders expect more China stimulus for the yuan.

    #DollarIndex #DXY #DX #CPI #EURUSD #JPY #Yuan #USD #GBP #BoE