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Technical Analysis USDCNH : 2015-11-05

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yuan can become a reserve currency IMF is going to have a meeting in November and revise the composition of the SDR currency basket. The date is not established yet. We assume that IMF can include the Chinese yuan in the list of the reserve currencies. Will this move support the yuan exchange rate? The current SDR basket comprises of the US Dollar, the euro, the yen and the British pound and is valid till December 31, 2015. In August the IMF extended it till October 2016. In fact, the yuan can

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