Ok, this is really interesting, the Yuan (CNY) has officially become one of the 5 mayor reserve currencies (USD, EUR, CNY, JPY & GBP), since the IMF added it to the SDR basket today.

The following month will be the American elections and I expect the Brexit effect to repeat with the US Dollar after the result gets announced, since the average Joe will certainly vote for the candidate who proposed the less global-friendly economic policies.

Will the Yuan have a chance to benefit from the post-election speculative chaos?