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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: Metacomet who wrote (112898)8/12/2015 5:19:23 AM
From: elmatador1 Recommendation  Read Replies (1) of 219674
 
IMF has offered a cautious endorsement of China’s move to let the market play a greater role in setting the value of its currency, signalling the step could help Beijing’s bid to win much-prized reserve currency status for the renminbi alongside the dollar, euro, yen and sterling.

We believe that China can, and should, aim to achieve an effectively floating exchange-rate system within two to three years - IMF statement
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