Although more used on global markets, mostly in Australia and Canada, US Treasury Secretary Jack Lew said on Wednesday, that yuan is still far away from being a reserve currency. He added that 'further liberalization and reform are needed for the yuan to meet International Monetary Fund standard.'
Albeit showing optimistic, or sometimes satisfactory data, China economy communist policies still remain an issue for the free-oriented market.
Chinese yuan traded in a range set by People's Bank of China and we don't expect it to adjust its system to a free float.
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