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

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

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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