China and its currency manipulation has been the single greatest factor in world equity market moves for many years now. see the chart. The rise in the value of the Yuan has been its greatest in some time without a devalue, which is way overdue. China wants the Yuan to be included in the IMF’s Special Drawing Rights (SDR) basket. In order to meet the criteria for inclusion in the SDR basket going forward, China will have to again restructure its exchange rate in favor of market forces and suffer potential downward forces on the RMB exchange rate. Way outside the channel of comfort, and many news items could effect them to make this move now.