It's decision day for the yuan, the world's biggest pension fund loses $64 billion and a huge week is coming up. Here are some of the things people in markets are talking about today.
At its executive meeting today in Washington, the IMF will decide whether to grant China’s yuan status as a reserve currency by adding it to the fund’s Special Drawing Rights (SDR) basket. The decision is almost certain to be to include the yuan after IMF Managing Director Christine Lagarde said on Nov. 13 that the organisation's staff backed inclusion. The offshore yuan jumped on suspected central bank intervention overnight as the discount to the onshore price briefly widened to its largest since September.