Currency News: China’s Yuan Joins IMF Currency Reserves & New Zealand Seeks To Devalue Currency

China’s Yuan Joins IMF Currency Reserves & New Zealand Seeks To Devalue Currency

Currency News: IMF Pressures People’s Bank of China

The IMF continues to pressure the People’s Bank of China to disclose their positions in the derivatives market, as the bank is relying on derivates as their main tool for supporting the nation’s currency.