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China competes with US dollar through Petro-yuan and talks trading gold with Iran in exchange for oil supply. Bitcoin slides further to less than $8,000.
China is planning a broader launch date this year for Yuan-denominated gold futures contracts.
The yuan fell to an 8-1/2-year low in November and has dropped 6% against the dollar so far this year despite the government’s efforts.
Q4 of 2016 may show signs of stability for forex trading or it may be a prelude to a more volatile, unpredictable market resulting to both...