Wider yuan trading band seen in China push for reserve status
But it will be only a symbolic move as Beijing tightens grip on exchange rate
Wed, Jun 24, 2015 - 5:50 AM
China is pushing to include yuan in the IMF's Special Drawing Rights at a review in October. It failed to make the cut in 2010.
CHINA'S quest to get the yuan recognised as a reserve currency is fuelling expectations that trading limits will be relaxed this year, a largely symbolic move as the government tightens its grip on the exchange rate.
Of 24 analysts surveyed by Bloomberg in the past two...