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EM Rundown: CNY in IMF SDR? YES.

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In a week full of market-moving three-letter acronyms (ECB, NFP RBA, PMI, and GDP from Australia and Canada), many traders may not be intimately familiar with the three-letter acronym that’s grabbing all the headlines today. The International Monetary Fund (IMF) maintains a stockpile of foreign exchange reserve assets called Special Drawing Rights (SDR). In essence, SDRs represent a basket of other widely-used currencies that was created back in the late ‘60s to supplement a shortfall of US

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