Logo 05 Jan 2022

RMB indexes get minor tune-up

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On January 1, the China Foreign Exchange Trade System (CFETS) updated the basket weightings of three RMB indexes, namely:

The CFETS RMB Index, which is updated annually
The BIS Currency Basket RMB Index, which was most recently updated in April 2019
The SDR Currency Basket Index, which had remained...