Tuesday, July 23, 2013

Dollar Wobbles on Chinese Currency Diversification Concerns

October 27, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold closed trading at $1,039.80/oz In euro and GBP terms gold is trading at €699/oz and £635/oz. Support for Gold is currently seen at $1,030/oz and resistance at $1,053/oz. Gold fell yesterday as oil prices and equities came under pressure and the dollar rose. The dollar has fallen marginally today after [...]

China, Argentina to conduct trade in Chinese currency

March 31, 2009 by · Leave a Comment 

By Jude Webber, Financial Times, London China, which is pushing to end the dominance of the dollar as a worldwide reserve, has agreed a Rmb70bn ($10.24bn, £7.18bn, €7.76bn) currency swap with Argentina that will allow it to receive renminbi instead of dollars for its exports to the Latin American country. Xinhua, the official Chinese news [...]