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CME expands China currency franchise

Exchange hopes to strengthen its position in the renminbi FX market as the Chinese currency internationalises

The CME Group is expanding its suite of Chinese currency products, as the world's largest market for foreign exchange futures looks to capitalise on the internationalisation of the renminbi.

The move comes as the CME Group continues to expand its franchise eastwards, with the creation of a new London-based exchange and the build-out of its Asia-Pacific business.

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