Market watchers expect FTSE Russell to add Chinese government bonds in its World Government Bond Index (WGBI) during an annual review this month. That could draw an additional $140 billion into Chinese bonds, according to investment banking giant Goldman Sachs. As such, the inclusion of Chinese bonds in WGBI may yield a yuan (CNY) rally. USD/CNY is trading at 6.7958 at press time, representing a 0.24% gain on the day, having hit a low of 6.7632 on Sept. 17. Yuan has rallied by 5.3% in the past four months. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Asian business morale improves sharply in Q3, coronavirus woes linger- Thomson Reuters/INSEAD survey FX Street 1 year Market watchers expect FTSE Russell to add Chinese government bonds in its World Government Bond Index (WGBI) during an annual review this month. That could draw an additional $140 billion into Chinese bonds, according to investment banking giant Goldman Sachs. As such, the inclusion of Chinese bonds in WGBI may yield a yuan (CNY) rally. USD/CNY is trading at 6.7958 at press time, representing a 0.24% gain on the day, having hit a low of 6.7632 on Sept. 17. Yuan has rallied by 5.3% in the past four months. Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
