Renminbi's Global Trading Patterns Align with Major International Currencies, Study Finds
The article evaluates whether the Renminbi is truly an international currency by analyzing its trading patterns in the global foreign exchange market. By studying data from CLS Group, the article ranks major currencies and finds that the Renminbi's trading patterns are more similar to global currencies like the US dollar and Euro than regional currencies. This suggests that the Renminbi is becoming more integrated into the international monetary system.