Angola widens FX reserve options as China ties deepen, adds yuan to bank reserve currency options, joining dollar, euro

The move is a minor but symbolically notable data point in the broader, gradual erosion of the US dollar's dominance as the world's reserve currency, adding to a string of similar steps taken across the emerging world as countries seek to diversify away from dollar exposure. It is unlikely to have any immediate impact on global FX flows given the scale invo…

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