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The People’s Bank of China set its so-called fixing at 7.2006 per dollar compared to an average estimate of 7.3047 in a Bloomberg survey with traders and analysts.
In five years' time the U.S. government's annual interest bill on its debt is projected to reach $1 trillion, or 3% of GDP - impending fiscal catastrophe, as the first figure might imply, or... -Today at 07:36 am- MarketScreener
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U.S. debt sustainability is back in the spotlight after Fitch downgraded the U.S. credit rating this month
A widely used framework that has proved successful at anticipating cycles of U.S. dollar strength and weakness suggests the world's reserve currency will...
ORLANDO — China’s yuan faces significant long-term obstacles to becoming a global reserve currency of any great import, but the biggest challenge in the near…