China's yuan - a reserve currency

The IMF may be about to recognise China's yuan as a reserve currency. That's a big decision http://t.co/hXsEr6qtAd pic.twitter.com/SzOw2JbCzu

— The Economist (@EconBizFin) August 7, 2015

Chinese yuan appreciates in the currency markets

The Chinese yuan climbed to a 19-year high this week on currency speculation in the FX markets.

The financial market bet is that China will step up and come to the aid of slumping domestic macroeconomic growth with a new stimulus program.

China talks about the yuan again

China Central-Bank Adviser Urges Yuan Reform


BEIJING—Xia Bin, a member of the Chinese central bank's monetary advisory committee, said China should aim for full yuan convertibility over the next 10 years.

WSJ article

China threatens 'nuclear option' of dollar sales

UK Telegraph | Ambrose Evans-Pritchard


The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.

Blog - Dollar to collapse? Fistful of dollars - China's trade surplus reached $26.9bn in June

Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress.

US Administration Officials Condemn Senate China Currency Bills

WASHINGTON -(Dow Jones)- A trio of Bush administration officials Tuesday condemned Senate legislation aimed at pressuring China to change its currency regime, saying the bills amounted to the "wrong approach."

In a letter signed by U.S. Treasury Secretary Henry Paulson, Commerce Secretary Carlos Gutierrez and U.S. Trade Representative Susan Schwab, the officials said two Senate measures "would substantially weaken the position of the United States in our ongoing efforts to achieve essential economic reforms in China and around the world, while jeopardizing our rapidly growing exports that have benefited American workers and farmers."

Last week, the U.S. Senate Finance Committee approved a bill that would open the way for punishing China over monetary policy.

article::: FXStreet

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