WOCU Re-weighting – China Stalled
The November 2018 re-weighting reflects the stalling of China and the Renminbi’s rise, backtracking 0.05% down to 18.61% of WOCU GDP. The U.S. reasserts its dominance as the $ benefits in the reverse, up 0.06% to 30.18%.
Eurozone constituents (Germany, France, Italy, Spain & the Netherlands) stay flat in aggregate, the Euro proportion of the WOCU remaining at 16.07%.
The Rouble is the standout mover in any direction, up 0.07% to 2.44% of the WOCU.