Renminbi's share of trade finance slips
Euro overtakes the redback, but all currencies fall in value, according to Swift
The Chinese renminbi's share of trade finance has almost halved since 2013, with the currency's portion of overall flows dropping to 4.61% from 8.66% in 2013, according to data from Swift.
The fall in market share sent the currency slipping to third place on the list of most actively used units, losing ground to the euro, which reclaimed its second-place ranking.
Since October 2013, the year in which the renminbi overtook the European single currency, trade-finance values in the redback have
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