Chinese Yuan Faces Headwinds from Oil Shock and Reserve Strategy Shift: Commerzbank

BitcoinWorld Chinese Yuan Faces Headwinds from Oil Shock and Reserve Strategy Shift: Commerzbank The Chinese Yuan is encountering renewed pressure as a combination of rising oil prices and shifts in China’s foreign reserve management strategy create a complex outlook for the currency, according to analysts at Commerzbank. In a recent note, the bank’s foreign exchange strategists highlighted that the interplay between energy costs and Beijing’s approach to reserve [...] This post Chinese Yuan Fac