http://www.bloomberg.com/news/articles/2015-05-26/imf-says-yuan-is-no-longer-undervalued-amid-reserve-currency-bid
The yuan rose against all 31 major currencies over the past 12 months,
while Russia’s ruble and Brazil’s real were the biggest losers. The
exchange rate’s resilience as the U.S. prepares to raise interest rates
boosts the attraction of holding yuan, helping increase worldwide usage
before the IMF reviews its Special Drawing Rights basket of reserve
currencies in October. China is promoting the yuan as an alternative to
the dollar, which dominates global trade and finance.
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