Jun 192014
China and UK establish direct currency trades
China and the UK have started the direct trading of the yuan against the pound, in a move that will help reduce currency conversion costs. Both sides …
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Aust dollar surges in late trade
At 5pm (AEST), the local currency was trading at US94.23c, up from US93.36c yesterday. The Fed expects growth to be just 2.1 per cent to 2.3 per cent …
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Hamish McRae: Behind the start of renminbi trading in London is a Chinese leadership that wants …
There is the British version of the story about London becoming the clearing hub for Chinese currency trading, with the appointment yesterday of …
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