SHANGHAI: China's decision to cut the weighting of the U.S. dollar in a key currency index basket could push the yuan's value higher against its peers this year, some analysts said.
The China Foreign Exchange Trade System (CFETS), which is managed by the People's Bank of China (PBOC), said late last week that it would adjust weightings in its currency basket starting Jan. 1.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
