The US dollar weighting in the CFETS currency basket will be lowered to 0.2240 from 0.2640. Photo: Reuters

China cuts US dollar weighting in key currency basket

The number of currencies in the CFETS basket will also be raised, from 13 to 24

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The US dollar weighting in the CFETS currency basket will be lowered to 0.2240 from 0.2640. Photo: Reuters
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