London Clearing House: The RMB will surpass the yen to become the world's second largest currency for dollar option trading.
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The renminbi's status in the global foreign exchange options market is accelerating. The London Clearing House (LCH) predicts that the USD/CNH pair is expected to surpass the USD/JPY pair by 2028, becoming the second largest traded FX option currency pair globally, just behind the EUR/USD