Chinese Yuan Surges in Global Forex Trade as US Dollar Faces Pressure | Vantage on Firstpost
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Chinese Yuan Surges in Global Forex Trade as US Dollar Faces Pressure | Vantage on Firstpost
The Chinese yuan’s role in global finance is expanding as countries seek alternatives to the US dollar. Its share of global foreign exchange trades rose to 8.5% in 2025, up from 7% in 2022 and just 2.2% a decade ago, making it the fifth most traded currency and narrowing the gap with the British pound. China has launched the CIPS payment ...
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