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China edges closer to IMF's SDR inclusion, what does it mean for the yuan?

Discussion in 'Fundamental Analysis' started by ForexLive, Oct 24, 2015.

  1. ForexLive

    ForexLive Forum Member

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    The big news from China was the added easing announced late Friday: PBOC cuts 1 year rate by 25bps and cuts RRR by 50bps Behind the scenes, the yuan is edging ever closer to reserve currency status, with China and the IMF working assiduously to include the currency in the fund's Special Drawing Rights (SDR)

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