China will add 11 new currencies to CFETS RMB Index on 01 January 2017; expands the RMB Index from a basket of 13 currencies to 24 currencies. The CFETS Index is a guidance for market participants to look at Renminbi against a basket of currencies instead of focusing on USDCNY exchange rate only.
According to 2016 Triennial Central Bank Survey, Singapore increased market share as 3rd largest forex trading centre in the world, largest in Asia Pacific.
Afternoon 3.30pm entertainment: Do you want the blue pill or the red pill? #inyourface #trading #alientechnology Log-in required.
Renminbi as reserve currency; highest against US Dollar in 20 years I wrote this article “Debutante Chinese Renminbi has a special date with year 2015“. In my opinion, the Chinese currency is moving towards reserve currency status. So while our attention was captured by politicking in
Triennial Central Bank Survey 2013 reports Singapore 3rd largest foreign exchange trading centre displacing Japan. Hong Kong at 5th place. Singapore Dollar market share drops to 15th place.