From Reuters today:
- China’s yuan … trading volumes more comparable to the euro, sterling, Australian dollar and Swiss franc than its emerging market peers
- Offshore trading in the yuan … soared some 350 percent on Thomson Reuters trading platforms in 2014
- Rival platform EBS – the main venue for dollar, yen and euro trading – told Reuters the yuan ended last year as one of its top five traded currencies
- That compares to 9th in the Bank of International Settlements most recent study of global currency flows from 2013 and 7th in Belgium-based global payment network Swift’s ranking of currencies most used in trade
More at the link: China’s yuan shifts into currency major league
