Yuan trounces dollar on Moscow Exchange ...News

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Yuan trounces dollar on Moscow Exchange
Western sanctions accelerate Russia’s pivot east Yuan-ruble trading has outpaced the dollar-ruble pairing for the first time, according to Moscow Exchange data. The amount of trade in the yuan-ruble pair reached 45.37 billion rubles ($756 million) as of 11:26 GMT compared to dollar-ruble trading that amounted to 43.7 billion rubles ($729 million).  Meanwhile, traded value in the euro-ruble pair totaled 49.9 billion rubles ($832 million). The yuan-ruble pair exceeded volumes in the euro-ruble pair on July 29.  The elevated interest in the yuan and other Asian currencies among Russian investors comes amid unpreceden

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