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Towing the Zimbabwe way: Ending vicious dollar dependency

Towing the Zimbabwe way: Ending vicious dollar dependency
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Market Insights Podcast - Currency war risk, US PCE, AU monthly CPI on the watch

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. A relatively quieter week versus last week's maj

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China s yuan replaces US dollar, euro as Russia s primary foreign currency for overseas economic activity

Russian central bank governor Elvira Nabiullina says the yuan’s share in Russia’s exports has increased from 0.4 to 34.5 per cent, replacing the US dollar and euro as its ‘primary’ currency for foreign economic activity.

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China urges prudent yuan internationalisation as pace of adoption remains slow

China is continuing to encourage the international adoption of the yuan, but drastic measures seem unlikely as a ‘prudent, steady’ approach has been advised.

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China s yuan stability pressure creates limited space for economic policy moves, risks in turning on money tap

China is set to meet its growth economic target of ‘around 5 per cent’ this year, but potential depreciation pressure on the yuan is set to limit Beijing’s options to respond to a potential slowdown next year.

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