Category : Change of Money
The Chinese government makes large efforts to boost his currency as a global currency. After the repression of capital outflows and the devaluation in 2015, the renminbi is growing again.
If the Italian government leaves the euro, it could be the end of the common currency.
China will launch yuan futures on the London metals market in order to impose its currency against the U.S. dollar.
The precious yellow metal drops a little, pressured by increased in the U.S. dollar, but prices still just above the $1,300-an-ounce level to score a gain.
Gold prices are up as new pressures with North Korea have pushed investors into less risky assets.
Recently, gold prices have risen largely due to geopolitical uncertainty, complicated trade negotiations between the United States and China, and the relatively stable dollar.
The famous cryptocurrency Bitcoin drops below $8,000.
Digital currencies moved lower Tuesday, with some altcoins, smaller coins alternative to bitcoin, losing as much as 7%.
There’s a ‘decent probability’ bitcoin goes to zero, says Vanguard economist.