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After Russia, nations are questioning "what if you fall on the wrong side of sanctions?" said BNY Mellon strategist Geoffrey Yu. The yuan's share of global over-the-counter forex transactions rose from almost nothing 15 years ago to 7%, according to the Bank for International Settlements (BIS).
Russia's sanctions-imposed exile from global financial systems last year also fuelled speculation that non-U.S. allies would diversify away from dollars
LONDON: Rivalry with China, fallout from Russia’s war in Ukraine and wrangling once again in Washington over the US...
* Oil headed for fourth weekly decline * Dollar steady, bitcoin eases * Nikkei rises 0.9% to highest in 1-1/2 years * U.S. stock index futures up ahead o... | 04:27am
Tepid Chinese economic data, haggling over United States government finances and uncertainty over interest rates have left investors...