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The allocation follows significant disruption from extreme weather events, including heavy rains, flooding, and storm surges, which have caused widespread damage across both provinces.
The NTD’s appreciation has been particularly pronounced, with the currency gaining over 2% against the U.S. dollar in just the past month.
“Foreign investors are clearly positioning themselves to benefit from Taiwan’s economic stability and growth prospects,” said one market analyst.
China's electricity consumption, a critical indicator of economic activity, surged in June, showcasing the nation's ongoing economic recovery and growth. According to official data released on Friday by the National Energy Administration (NEA).
The CBR attributes this change to the redirection of trade flows towards the East and a shift in settlement currencies to rubles, yuan, and other currencies of countries friendly to Russia.
Bangladesh has requested the establishment of a Chinese bank within its borders. This strategic initiative, announced by State Minister of Commerce Ahsanul Islam, seeks to facilitate transactions in yuan, China's currency, and potentially unlock new avenues for economic growth.
At the opening of trading on Wednesday, the Moscow Exchange witnessed fluctuations in major currency exchange rates. The dollar, in particular, experienced a decline of 11.5 kopecks, settling at 89.6 rubles compared to the previous close.
Regulators, acting like chess masters, have orchestrated "at least two dozen cases" where coordinated, market-specific interventions were deployed to counter yuan depreciation.