China yuan strengthens to new high against USD (Jan 2014)

Renmimbi-Yuan

Source: Xinhua – China yuan strengthens to new high against USD

Notable excerpts:

The Chinese currency Renminbi, or the yuan, marched to a new record high against the U.S. dollar on Monday.

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Fed up with euro, France flirts with coupon money (Jan 2014)

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Source: RT – Fed up with euro, France flirts with coupon money

Notable excerpts:

Whether buying bread, filling a pharmacy prescription, getting a haircut or going to the doctor, some residents of Montreuil, France, are rejecting the euro in favor of ‘La Peche’, a local community currency.

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Yuan outperforms euro, becomes 2nd most popular trade finance currency (Dec 2013)

Renmimbi-Yuan

Source: RT – Yuan outperforms euro, becomes 2nd most popular trade finance currency

Notable excerpts:

The yuan has replaced the euro to become the second most widely used currency in global trade in 2013, according to the SWIFT network responsible for international financial transactions.

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PBOC Will ‘Basically’ End Normal Yuan Intervention: Zhou (Nov 2013)

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Source: Bloomberg – PBOC Will ‘Basically’ End Normal Yuan Intervention: Zhou

Notable excerpts:

China’s central bank will “basically” end normal intervention in the currency market and broaden the yuan’s daily trading limit, Governor Zhou Xiaochuan said, without giving a timeframe.

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