Global Capital Favors Asia Amid Currency Gains & Earnings Boost
Global investors are shifting to Asian markets as rising currencies and earnings growth spark renewed confidence in the region.
Currency
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RMB Overtakes Yen as 4th Leading Global Payment Currency
The Chinese Renminbi (RMB) has risen to become the fourth most active global payment currency in November, surpassing the Japanese yen with a 3.89% share, marking a 22.12% increase from October.
Standard Chartered CEO Highlights Growing Use of RMB in Global Trade
Standard Chartered CEO Bill Winters discusses the growing use of RMB in global trade and the need for further steps to facilitate its internationalization.
BOJ Maintains Zero Rates, Japanese Yen Hits New Lows
The Bank of Japan’s decision to keep interest rates near zero has led the Yen to reach multi-decade lows against the US dollar, raising concerns among traders and investors.