Fx and trade related infographics
POSTED 10 JULY, 2012
Infographic:
Bypassing the US Dollar
On June 1, 2012, China and Japan agreed to establish a direct yen / yuan exchange rate. Prior to this agreement, businesses in both countries were forced to first convert their currencies to U.S. dollars in order to buy either yen or yuan as needed to complete sales transactions between the two countries…








