The recent rapid growth of the offshore renminbi market presents a puzzle for analysts ... straying from the normal sequence of steps toward currency internationalization. Why might that be?

Fact checked by Pete Rathburn Reviewed by David Kindness What Are Externalities? An externality is a cost or benefit related ...

"It's not a stable equilibrium, if we have these big divergences ... While the economics of the global currency market are clear, politics represent a wild card, Juckes said.

The foreign exchange market is the most actively traded market in the world, with trillions of dollars in currencies changing hands each day. Foreign exchange markets exist in major cities around ...