'Toxicity' of US Dollar Fuels Growing Sway of China's Yuan
Argentina's shift to yuan in trade with China reflects growing trend driven by "toxicity" of the US dollar, analyst told Sputnik.
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Argentina's shift to yuan in trade with China reflects growing trend driven by "toxicity" of the US dollar, analyst told Sputnik.
China and Brazil are moving to a new level of bilateral trade. China has made a strong move to increase its economic influence in Latin America. Brazil's example could stimulate the displacement of the dollar from the Southern Common Market's (MERCOSUR) trade with China.
The euro exchange rate during trading on the Moscow Exchange exceeded 69 rubles for the first time since May 30.
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The dollar exchange rate during trading on the Moscow Exchange fell below 59 rubles for the first time since July 5.