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Commodity Currencies Outperform G10, USD Broadly Lower

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 1, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    It's done. The IMF has decided to include the yuan in its Special Drawing Rights basket. The Chinese currency would occupy a 10.92% weighting, more than the Japanese yen and the pound sterling. The People's Bank of China set the reference rate higher to USD/CNY 6.3973, while the offshore rate[​IMG]

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