Writing China: The Limits of the Yuan’s Global Rise On Oct. 1, the Chinese yuan will join the International Monetary Fund's basket of elite reserve currencies. In his new book, "Gaining Currency," Eswar Prasad, a former top China hand at the IMF, says China needs to carry out a broad range of reforms, Read more ... both economic and political, before the yuan can ...

Currency War: U.S. Hedge Funds Mount New Attacks on China’s Yuan Some of the biggest names in the hedge-fund industry are piling up bets against China’s currency, setting up a showdown between Wall Street and the leaders of the world’s second-largest economy.

The IMF's decision on the yuan is a victory for China -- and a challenge The move is powerful symbolism and represents a major victory for China, which has eagerly sought reserve currency status for the yuan.

IMF gives China's currency prized reserve asset status

Why making China's yuan an international reserve currency matters The International Monetary Fund’s decision to add the Chinese yuan to its basket of elite global currencies gives China a significant boost.

Hedge Fund Gains $100 Million in Two Days on Bearish China Bet A Carlyle Group hedge fund that anticipated a sudden currency-policy shift in China gained roughly $100 million in two days last week, a sign of how some bearish bets on the world’s second-largest economy are starting to pay off.

IMF Decision Rattles Yuan Anew China’s yuan fell after the International Monetary Fund dealt a setback to the currency’s role on the global stage, breaking a streak of stability earlier this week.

IMF: China's currency reforms are a good thing China's unexpected move to gradually devalue its currency is a step in the right direction, according to the International Monetary Fund.

Jack Lew: China's currency is not ready for prime time U.S. Treasury Secretary Jack Lew said Tuesday that China's yuan is not yet ready to join an elite grouping of currencies used by the International Monetary Fund.

Currency jolt: Strong franc may hit UBS profits UBS said the rising currency could hurt future earnings.