China Free Market Currency Convertibility Issue In SDR Deliberations - ValueWalk Premium
China Yuan Remnibi SDR SPDR
29Oct2015

China Free Market Currency Convertibility Issue In SDR Deliberations

As China’s currency, the renminbi, appears to coming ever closer to acceptance in the International Monetary Fund’s elite Special Drawing Rights currency basket, a Goldman Sachs report provides a basic definition of the issue and then points to mechanics driving successful admission into the reserve currency club. But a contentious political point regarding currency manipulation, mentioned last night in the GOP debate, might come front and center to cause questioning of China’s assent into the currency basket.

 
Elite IMF SDR currency . . .

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Author

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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