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Market Impact: 0.35
China Adds Currencies to Central Clearing in Yuan’s Global Push
Source: Bloomberg
Currency & FXTrade Policy & Supply ChainEmerging MarketsBanking & Liquidity
China expanded its onshore central-clearing system to additional foreign currencies, supporting direct trading against the yuan. The move advances Beijing's effort to reduce reliance on the U.S. dollar in cross-border transactions and could incrementally support yuan internationalization and regional FX liquidity.
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