# Currency Markets

An Unlikely Anchor: How Energy Resilience is Decoupling the Renminbi from the Global Currency Rout

While major global currencies plummeted against a strengthening US dollar during recent Middle East tensions, the Renminbi emerged as the sole major gainer. This resilience is attributed to China's diversified energy sourcing, massive strategic reserves, and a manufacturing sector that gains a competitive edge from high oil prices through its dominance in renewable energy exports.