BEIJING (Reuters) – China will adjust the weightings of a key yuan index basket in 2024, the country’s foreign exchange trade platform said on Friday.
Starting on Jan. 1, the China Foreign Exchange Trade System (CFETS), which is overseen by the central bank, will lower the U.S. dollar’s weighting in the CFETS currency basket to 19.46% from 19.83% and cut the euro’s weighting to 18.08% from 18.21%, according to an online statement.
(Reporting by Beijing Newsroom; Editing by Alex Richardson)
