Posts Tagged U.S. dollar
China and Japan – Yen-Yuan Direct Trading
Posted by Bogdan Marius Beleuz in Banking System, Financial & Investment Markets, International Trading on May 30, 2012
After an agreement reached last year to reinforce financial ties between the two countries, China and Japan will start direct trading of their currencies in both markets from June 1st. The movement will help both countries to reduce the currency’s links to the U.S. dollar and drop the foreign-exchange costs for local corporations.