The Traderszone Network

SHANGHAI/NEW YORK (Reuters) – When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod. By acknowledging the yuan as a major global currency alongside the dollar, euro, yen, and pound, as is widely expected, IMF members will endorse the efforts of China’s economic reformers and by doing so hope that will spur fresh change in China.

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After a career that earned him 17 NBA All-Star selections, five championships, two Olympic golds, two Finals MVPs and a league MVP, Kobe Bryant is calling it quits after this season.
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Submitted by Justin Pavoni via The Ron Paul Institute for Peace & Prosperity,

If we want to get to a world where terrorism isn’t such a regular tragedy, governments need to start recognizing the fact that the so-called “War on Terror” is a self-fulfilling prophecy destined to foment one thing and one thing only: more terrorism.

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Aside from 3 very small adjustments, The PBOC has fixed the Yuan weaker for the last 20 days, driving the mid-line to 6.3962 – the weakest since August 28th. After Chinese stocks collapsed on Friday, they are holding the losses for now as the biggest question remains just what the weighting will be for Yuan inclusion in The IMF’s SDR basket (which looks set to be announced tomorrow – US time).

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A weakening of the yuan from Friday’s mid point set

Comments from Bank of Japan (BOJ) Governor Kuroda:
– BOJ has ability, strong determination to achieve 2 pct inflation at earliest date possible
– Japan economic fundamentals are strong

USD/JPY
currently 122.78
–
EUR/JPY
currently 129.88