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China Adds Currencies to Central Clearing in Yuan’s Global Push

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China has expanded its onshore central clearing system to more foreign currencies, another step toward promoting direct trading with the yuan and reducing reliance on the dollar.

China has expanded its onshore central clearing system to more foreign currencies, another step toward promoting direct trading with the yuan and reducing reliance on the dollar.
China (LOCATION) Central Clearing (ORG) Yuan (LOCATION) Global Push China (ORG)
Originally published by Bloomberg Markets Read original →