6 days ago
Dollar-Yuan Trading Surged in April Volatility, BOE Survey Shows
The amount of Chinese yuan traded versus the US dollar soared in London during April's market ructions, outstripping the increase for other major currency pairs, according to Bank of England data.
While currency trading in London surged to a record as President Donald Trump's trade tariff policies roiled global markets, the jump in the dollar-yuan pair was particularly notable. Daily average turnover jumped 42% to $182.6 billion from October 2024, among the biggest increases for any pair, according to the BOE's semi-annual turnover survey published this week.
