The yuan accounted for 2 percent of transactions last month, up from a two-year low of 1.67 percent in October, according to data from the Society for Worldwide Interbank Financial Telecommunication released Tuesday. The increased usage may be the result of companies’ efforts to reduce their holdings, according to Standard Chartered Plc and Banco Bilbao Vizcaya Argentaria SA.
The dollar climbed back towards a 14-year high on Tuesday as the yen fell after the Bank of Japan held policy steady and fallout from attacks in Germany and Turkey subdued the euro.
Monte dei Paschi, recently judged the weakest of the European Union's major banks, needs to dispose of a mountain of bad loans and raise €5 billion (£4.2 billion, $5.1 billion) in capital by the end of this month or else face the risk of being wound down by the European Central Bank.
Next trading day's important events
- 18:30 (GMT 3) EIA Crude Oil Stocks change
- USDJPY: 118.11
- EURUSD: 1.0360
- S&P 500: 2,262.53
- NASDAQ : 5,457.44