Yuan-ruble trading explodes 1,000% in latest challenge to U.S. dollar’s dominance

The Russian ruble has rebounded sharply off the lows seen after the invasion of Ukraine, although there remains a wide margin between prices quoted in Moscow and those quoted offshore. But in the late...

Yuan-Ruble Trading Surges as America’s Rivals Rebuff Dollar

(Bloomberg) — The emerging multi-polar world now includes foreign-exchange markets — as China and Russia, the biggest challengers to U.S. supremacy, boost direct trading between their curr...