Tag: Renminbi

Euro Overtakes Chinese RMB In Trade Finance

Concerns over the value of the RMB are more than justified, as the national currency continues to slip down a very steep slope. But there is even more reason for concern, as the Swift RMB Tracker indicates that the Euro suddenly surpassed the RMB in trade finance. Although the US Dollar remains firmly in the top position, things are going from bad to worse for the renminbi rather quickly. Euro …
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