SHANGHAI (Reuters) – China will adjust the weightings of its yuan CFETS basket in 2025, the country’s foreign exchange trade platform said on Tuesday.

© Reuters. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017.     REUTERS/Thomas White/Illustration/File Photo

From 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 18.903% from 19.46%, cut the euro’s weighting to 17.902% from 18.08%, and reduce the yen’s weighting to 8.584% from 8.963%, according to an online statement.

It will add Macau’s pataca to the basket, bringing the total number of currencies in the CFETS basket to 25 next year.

 

 




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