The yuan at five and half year highs against its basket

In December of 2015 the People's Bank of China bank launched a trade-weighted index for the RMB

  • The basket contains the currencies of 13 of China's major trading partners
  • It was set at a 100 base as of the end of December 2014
  • The China Foreign Exchange Trade System (CFETS, a unit of the PBOC) manages the basket


Its been active re China so far today: