China’s cut of US dollar weighting in key index will boost global fortunes of yuan, economists say

China’s cut of US dollar weighting in key index will boost global fortunes of yuan, economists say

South China Morning Post - China·2020-01-02 20:00

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China has cut the US dollar weighting in a key yuan exchange rate index for only the second time since 2015

The change will help reduce China’s reliance on the American currency and promote greater international use of the yuan in financial transactions

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