First Word Asia: Yuan Gets IMF Nod, But Why's It Weaker in Offshore Trading?Bloomberg News
Dec. 1, 2015
The yuan has weakened in offshore trading. It comes amid speculation China’s central bank will lessen intervention in currency markets now that the IMF vote on reserve-currency status is out of the way.
On First Word Asia, Bloomberg's Doug Krizner and Bryan Curtis asked Jing Ulrich, JP Morgan Asia Vice Chair, if the IMF move was significant.
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