Trial now
JAPAN

Long Weekend In Japan

CHINA PRESS

China May Increase Fiscal Spending In H2: Newspaper

AUD

Drops From Session Highs

JAPAN DATA

Japan Jun Exports +48.6% Y/Y; 4th Monthly Rise

CHINA RATES

China Repo Rates Diverge on Wednesday

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Global central banks continue to increase their holding of yuan assets, with their share of global forex reserves up to 2.45%, a record high since the IMF first reported the data in Q4 2016, the 21st Century Business Herald reported. While the Federal Reserve's retreat from QE is increasingly expected, China's continued recovery, stable monetary policy and a less volatile currency have further increased the safety and hedging properties of yuan assets, the newspaper said citing analysts. There is great potential for global investors to increase yuan bonds, the newspaper cited analysts as saying.