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From today, the USD is no longer needed for trading between China and Europe

Posted by silverngold @ 21:06 on September 30, 2014  

http://jhaines6.wordpress.com/2014/09/30/bricspost-analysts-hail-yuan-euro-direct-trading-announceenmt/

A staff member counts money at Matou Town Rural Credit Cooperatives on June 20, 2011 in Linyi, Shandong Province of China [Getty Images]

Analysts have given the thumbs up to the Chinese central bank’s announcement on Monday that the Chinese currency can now be traded directly against the euro in its interbank currency market.

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http://jhaines6.wordpress.com/2014/09/30/bricspost-analysts-hail-yuan-euro-direct-trading-announceenmt/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.