Thursday, September 5, 2013

Chinese Yuan enters Top 10 most-traded currencies

Huan Jin  

Time published: Thursday, September 5, 2013 As of 9:00 AM EDT
As people knows, when developing countries make a trade with developed countries, they often need to convert their currencies to US dollars etc. Things change a lot these days. One of the sample is the Chinese Yuan has rocket into top 10 of most frequently traded currencies. The significant reason is offshore trading, which reflects the development of international trade and investment in developing marker as a whole. Some personal investors who care about the policy changes in China will release their pressure because there will be a trend to trade RMB in the near future trading market.

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