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