this post was submitted on 27 Apr 2026
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Global News

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cross-posted from : https://lemmy.zip/post/63263305

US banks led by Goldman Sachs have borrowed a record Rmb47.5 billion in offshore renminbi debt so far in 2026, with Goldman accounting for the majority of self-led issuance, the Financial Times reported this morning.

Deutsche Bank placed the largest single panda bond ever issued by a foreign bank in March 2026 at Rmb5.5 billion

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[–] stoy@lemmy.zip 7 points 2 weeks ago

I guess that with an orange lunatic in charge of the country, the USD has lost a lot of it's value.

You can clearly see that when Mr. Trump took office in 2025, the USD started falling rapidly.

And despite a few smaller recovery spikes since, the overall graph is pointing down.