While not a catastrophe, it's nowhere near the numbers that China has become used to since making the internationalization of the RMB a priority in 2009. An August report on the project from the People's Bank of China remained optimistic, but a rash of bans on Chinese companies and sanctions on CCP officials near the end of the Trump administration may have spooked outside involvement. Over the past two years, however, the dollar has lost much more ground to the euro. As a unit of international payment, the Chinese yuan fell between the Swiss Franc and the Hong Kong Dollar. Hong Kong, incidentally, is responsible for ... (full story)