Spokeswoman of Germany's Bundesbank with some comments
- Investment in CNY will be made after preparatory work
This comes after earlier headlines that the Bundesbank has decided to include the Chinese yuan in its currency reserves.
The change in the reserves is reportedly to come at the expense of the USD, as Eamonn highlighted in the link above.
EUR/USD has retreated a little back to 1.2270 after touching highs of 1.2297 - as the dollar retraces some of its losses. EUR/GBP meanwhile is up above 0.8900 now to 0.8903 on the day.
