15.01.2015 - China's yuan shifts into currency major league
After a surge in interest last year, China's yuan is heading for the currency major league, with trading volumes more comparable to the euro, sterling, Australian dollar and Swiss franc than its emerging market peers. Offshore trading in the yuan, whose convertibility is still tightly controlled by Beijing, soared some 350 percent on Thomson Reuters trading platforms in 2014. Rival platform EBS - the main venue for dollar, yen and euro trading - told Reuters the yuan ended last year as one of its top five traded currencies...............................................Full Article: Source
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