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CNY strength? Think again. Set lower against its CFETS basket

Discussion in 'Fundamental Analysis' started by ForexLive, May 3, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Back in In December (of 2015) the People's Bank of China bank launched a trade-weighted index for the RMB - The basket contains the currencies of 13 of China's major trading partners Here's a chart of how the yuan has been set against the basket, up to April 22

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