Hardy: Will China join elite currency club & what it means for traders

Every five years the IMF reviews the basket of currencies which makes up the organisation’s reserve assets also known as the Special Drawing Rights or SDR. China is keen is to get the yuan into the SDR and that would be a key milestone for the world’s second largest economy and its currency, says Saxo Bank’s Head of FX Strategy John Hardy.

from Feed for all tv posts https://www.tradingfloor.com/posts/hardy-will-china-join-elite-currency-club-what-it-means-for-traders-6549292?utm_medium=tf4-feed&utm_source=extract