The yuan has had an inauspicious start to its membership of the prestigious SDR basket of currencies. Photo: Reuters The yuan has had an inauspicious start to its membership of the prestigious SDR basket of currencies. Photo: Reuters
The yuan has had an inauspicious start to its membership of the prestigious SDR basket of currencies. Photo: Reuters
Yuan
Business /  Markets

Yuan slides 1.3 per cent in first month as IMF reserve currency

Strong dollar amid expectations of a Fed rate hike in December, and the ECB’s decision to maintain loose monetary policies seen as main factors

Topic |   Yuan
Cathy ZhangLaura He
Cathy Zhang  and Laura He

Updated: 2:54pm, 20 Jul, 2018

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The yuan has had an inauspicious start to its membership of the prestigious SDR basket of currencies. Photo: Reuters The yuan has had an inauspicious start to its membership of the prestigious SDR basket of currencies. Photo: Reuters
The yuan has had an inauspicious start to its membership of the prestigious SDR basket of currencies. Photo: Reuters
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