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According to US dollar data from Market Watch, it has fallen 9.03% year-to-date. The Chinese yuan, on the other hand, has dipped by 1.68% year-to-date. The rapid decline of the dollar’s value has led to much concern among traders, investors, and economists. The USD’s lackluster performance has also reignited de-dollarization dreams. Source: Market Watch Yuan Gains On The USD As De-Dollarization Advances Source: Shutterstock According to a report cited by the South China Morning Post, the yuan internationalization index rose by 11% in 2024 to 6.06. The US dollar, on the other hand, got a score of 51.13 in 2024, down from 51.52 the previous year. Meanwhile, the euro fell 3.8% to 24.07 on the same index. The internationalization index measures a currency’s global use. The data alligns with the growing position of the Chinese yuan. According to the report, “ Promoting the yuan’s internationalisation and leveraging it to push for reform of the global monetary system i...

China’s vow to ”fight to the end” Donald Trump’s tariffs may lead to yuan depreciation and easing policies that will help boost Bitcoin, analysts said. China’s response came after US President Donald Trump said on April 7 that he would impose additional 50% tariffs on China imports if it does not reverse its 34% reciprocal tariffs on the US.  “The US threat to escalate tariffs on China is a mistake on top of a mistake,” China’s Commerce Ministry said in an April 8 statement. ” If the US insists on its own way, China will fight to the end.” China eased its grip on the yuan today, allowing it to depreciate to 7.2038 per dollar, the weakest it’s been since September.  The 7.2 level has been considered a line in the sand for China’s central bank for years, and the decision to let the currency weaken beyond this level could signal a shift to managed depreciation of the yuan. Bitcoin Could Surge Like In 20...