... nounced a CFETS renminbi index which is based on a basket of currencies. The new strategy is to price the renminbi based on a basket of currencies instead of maintaining a de facto semi-peg to the dol ...More
EJ Insight2016-01-08
Along with the release of a CFETS renminbi foreign exchange index, the People's Bank of China disclosed the weights of foreign currencies in its basket last weekend. It's a significant change and cons ...More
EJ Insight2015-12-19
