YUAN’S HUGE RISE TO GLOBAL CURRENCY

The effect of the Chinese currency Yuan on the global economy is huge. However, its presence in the global financial market is still a matter of question.

A recent survey done by the Bank for International Settlements revealed that in terms of foreign exchange markets turnover, the yuan...

DOLLAR SUPERIOR TO YEN

Dollar weighs heavy on Yen on Thursday. Risk-sensitive currencies are in hopes of easing trade tensions between the United States and China, which will contribute to global growth.

The dollar was at 0.2 percent higher at 109.53 yen and within a distance of a six-month high of 109.73 tha...

US DOLLAR: THE WORLD’S MAJOR RESERVE CURRENCY

A global currency is the one that is readily accepted worldwide for trade. Any currency can be held as a reserve currency, nobody declared that the country needs to hold its reserves in Dollars. There is no provision for the foreign exchange that has to be done in US Dollars (USD), it is merely t...