Friday , March 29 2024

Blog Layout

The rise of the petro-yuan

170511-xi-0806_cf04395af4fbcaee860c9b9f7e1f9f0b.nbcnews-ux-2880-1000

China is aiming to overthrow the U.S. dollar as the currency of choice for the oil market, a move that could have far-reaching consequences. Beijing hopes to challenge the dollar by setting up a futures market with its own currency, the yuan. To that end, reports indicate that China is set to ...

Read More »

World’s biggest market: Humans not allowed

Forex TRading Currency Markets

The $5.1 trillion-a-day currency market is losing its human touch. That’s the conclusion of trading and foreign-exchange heads surveyed by the organizers of the TradeTech FX conference in Miami. Of the 100 North America-based respondents, 94 said they aimed to automate more of their foreign-exchange trading operations in the next ...

Read More »