While the yuan's inclusion in the SDR basket has little economic impact, what it symbolizes is important, explains Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors.
Foreign financial institutions have been allowed into China's interbank forex market, ahead of the yuan's inclusion in the IMF's SDR basked.
Reports estimate that the yuan will have a weighting of 10-11percent in the SDR basket, says Claudio Piron, head of emerging Asia FX and fixed income strategy at BofAML.
Marjorie Yang, Esquel Group chair, says there is a generally negative view of China, but people need to understand the country better.
China's reforms to support the yuan's inclusion in the SDR basket is what's really significant, explains Frederic Neumann, MD and co-head of Asian economics research at HSBC.
If the Fed hikes in December, it's a foregone conclusion that the dollar index will break past 100, says David Greene, head of dealing at AFEX Australia.
The dollar rose after strong economic data further backed the case for the Federal Reserve to raise interest rates.
CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including a cabin crew strike being called off.
Skincare and cosmetics retailer Sa Sa is shaking up its product offering as customers are increasingly buying cheaper goods.
The U.S. dollar edged down as investors piled into safe-haven currencies on concerns about rising tension between Russia and Turkey.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as airline stocks pullback amid travel warnings from the U.S. State Department.
Valentin Marinov, head of G-10 FX research at Credit Agricole, comments on how geopolitical tensions will affect markets and says the Russian plane incident is going to weigh on the Turkish lira.
Following the December interest rate hike, markets will be more focused on the pace, not timing, of tightening, argues Todd Elmer, currency strategist at Citi,
The dollar rose to an eight-month high, as comments from a regional Fed president further cemented expectations of a rate hike next month.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including $18 billion in UK welfare cuts as Prime Minister David Cameron announces new anti-terror drones.
Head of Market Strategy at Swissquote Bank, Peter Rosenstreich says $1.04 is the next significant level for euro dollar.
CNBC's Wilfred Frost reports lower commodity prices pushed markets into negative territory after 3-week highs.
Sally Auld, fixed income and FX strategist at JPMorgan, says the dollar still has room to increase in value by 4-5 percent.
Brandol Wendell, master instructor at CMT, gives a technical analysis of the dollar index, setting expected breakout levels at 104.50 to 107.25.
Cantor Fitzgerald's Howard Lutnick says the markets are ready for a rate hike.