Analyzing the European Leaders' Press Conference

Linda Yueh discusses the press conference held by International Monetary Fund Managing Director Christine Lagarde, Luxembourg Prime Minister Jean-Claude Juncker, European Central Bank President Mario Draghi and the European Commission's Olli Rehn.

New Dawn for China as Yuan Joins Majors
29:19 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. The yuan weakened in offshore trading amid speculation China’s central bank will rein in intervention. PBOC Deputy Governor Yi Gang said at a briefing the long-term goal is for very few interventions, adding that bigger two-way fluctuations are normal.
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