Global uncertainty and the COVID-19 pandemic have significantly impacted the integration of emerging economies into global financial markets. Post-pandemic, the Federal Reserve's interest rate hikes have drawn investor attention to relatively independent and stable currencies. This study...

Amid the faster- and wider-than-expected spread of COVID-19, which has added new twists to the global economic outlook and profoundly impacted the performance of major currencies around the world, the RMB has been performing well, and thus, its market standing has improved. However,...