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11 Dec 2015
PBOC signals intention to loosen Yuan’s peg to US dollar - DJ
FXStreet (Mumbai) - As per Dow Jones report, the People’s Bank of China (PBOC) has signaled its intentions to loosen the Yuan peg to the US dollar.
The news should not come as a surprise as the FX reforms are likely to continue before the CNY makes its way into the IMF’s SDR basket in October 2016.
The news should not come as a surprise as the FX reforms are likely to continue before the CNY makes its way into the IMF’s SDR basket in October 2016.