Yuan-Euro Direct Trading Begins in China Today

Yuan-Euro Direct Trading Begins in China Today

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Interactive Video

Business

University

Hard

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The video covers FX headlines for September 30th, focusing on China's direct trading with the euro, which aims to lower transaction costs and boost currency usage. The euro becomes the sixth major currency to trade directly with the yuan. The Kiwi dollar has seen a sharp decline, reaching a 14-month low, which is seen as beneficial by New Zealand's Finance Minister. Despite ongoing protests, the Hong Kong dollar remains stable, with volatility much lower than during the global financial crisis.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What did New Zealand's Finance Minister say about the interest rates in the US?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the ongoing situation in Hong Kong affected the Hong Kong dollar?

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