As an industrial superpower, China has taken steps to ensure that its domestic form of money, the yuan renminbi (CNY, RMB), is in line to secure reserve currency status. Through extensive [...]
Following the launch of the qualified foreign institutional investor (QFII) program in 2002, foreign investors were granted access to buying and selling on China's stock exchanges in Shanghai and [...]
Often referred to by its nickname the "aussie," the Australian dollar is considered to be one of the world's eight major currencies.
In order to tame economic instability, China fixed its exchange rate in 1995 at slightly more than 8 yuan to the United States dollar.
Like all currencies, the Japanese Yen has specific causes of its volatility.
China prompted shockwaves in global markets in August 2015 by allowing its currency, the Yuan, to weaken outside of its previous trading band based on market movements.