Webinar: The consequences of COVID-19 and the renminbi as an attractive means of payment

We are grateful to our corporate members, Western Union Business Solutions, for kindly sharing their Webinar with the AusCham community.

The health and economic uncertainty factors and their effects on foreign exchange trading determine current events on the global financial markets. However, despite the short-term pessimism about the outlook for the global economy, it is important not to lose sight of longer-term trends. An expected economic recovery curve and a possible upswing could result in a shift of funds into riskier and more profitable investments and currencies. China will continue to lead the emerging markets and will make a significant contribution to global economic growth. The renminbi will therefore become increasingly important in international payments. For companies with cross-border and cross-currency business, this insight is directly linked to the consideration of exchange rate scenarios. In this webinar, we will address the topics addressed and provide you with a detailed overview of the current market situation.