Yuan squeezing out dollar on Russian market – Kommersant ...News

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Yuan squeezing out dollar on Russian market – Kommersant
The Chinese currency has outperformed the greenback by volume of trading on the Moscow Exchange for the first time on record The Chinese yuan has overtaken the US dollar as the most traded currency on the Russian stock market for the first time ever, business daily Kommersant reported on Monday. According to the outlet’s estimates, based on data from the Moscow Exchange (MOEX), the yuan was the most traded currency in February, displacing the US dollar from the top spot.  Statistics showed that, over the month, the volume of Chinese currency trading exceeded 1.48 trillion rubles ($19.6 billion), which is one-third

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