Reuters article on $A, yuan convertibility announced today

Author: Eamonn Sheridan | Category: News

We flagged this here on ForexLive a little over a week ago: Australia and China currency deal to boost exports

Reuters have a brief summary article on today’s announcement:

China has authorised Australia and New Zealand Banking Group (ANZ) and Westpac Banking Corporation to be market makers for direct trading of China’s yuan and the Australian dollar, Australian Prime Minister Julia Gillard said on Monday.

 

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