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Currency wars defused amid yuan's Asia rally

BlackRock forecasts Asian currencies will outperform peers in other emerging markets
Thursday, April 30, 2015 - 05:50

Challenging the hegemony of the US dollar, China has been pressing the IMF to include the yuan in its Special Drawing Rights basket, a key endorsement for reserve-currency status.


CHINA is helping its Asian neighbours stay out of the global currency wars. Policymakers in the world's biggest exporter have resisted weakening the yuan as economic growth slows, seeing exchange-rate stability as key to winning global reserve-currency status from the

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