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China to increase currency basket to 24 vs 13 prior

China's CFETS to nearly double currencies in its basket

That's according to an FX platform operator, via Reuters.

  • USD weighting cut to 22.4%

New basket to come into effect Jan 1st.

CFETS basket list and weighting

  • Banks economic confidence rises to 53.7% vs 46.5 prior

  • Entrepreneurs confidence 54.2% vs 51.2% prior

  • 52.7% of households say property prices are too high

  • 43.5% think they are acceptable

  • 10% see prices falling in next quarter

  • 44.4% say consumer prices are too high

  • 13.2% of bankers say mon pol is relatively loose. Prior 9.7%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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