Sentences with phrase «dropping value of the yuan»

For the most part, bitcoin has been particularly popular in China thanks to the dropping value of the Yuan.

For the most part, bitcoin has been particularly popular in China thanks to the dropping value of the Yuan.

Not exact matches

The drop in revenue growth came as gross merchandise volume — the total value of goods transacted across Alibaba's platforms — rose 34 percent to 673 billion yuan ($ 105 billion), also the slowest growth in more than three years.

If my assumption is correct then the yuan must be pulling up the weighted value of the foreign currencies relative to the US dollar because when I plot VEA and VTI against each other on google finance they tend to be highly correlated at the moment and over the last month do not show a drop one might expect due to the appreciation of the US dollar due to the flight to safety phenomenon that has occurred.