World currencies are falling fast, but the IMF says there’s no reason to panic

A rush for the exits is underway in some world markets: Currencies from Brazil to India have been dropping fast. Growth in countries that were once the shining stars of the world economy is no longer taken for granted. And political crises in Ukraine, Thailand and elsewhere have cast doubt on the readiness of politicians […]

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China’s yuan makes waves on international currency markets

Evidence the yuan is becoming truly global can be found in Rongrong Huo’s passport, which shows the HSBC banker bouncing from Switzerland to South Africa fielding inquiries from a growing number of clients on how they can trade China’s currency. “The market potential is huge,” Huo, who heads HSBC’s yuan business development for Europe, said […]

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