Dollar cap: China to limit world's highest foreign currency reserves

``China's central bank has said it no longer sees any benefit in increasing its $3.66 trillion foreign currency reserves -- already the world's largest. China will cap its purchases of US dollars in an effort to limit the depreciation of the yuan. ... Decreasing the influence of the dollar and other currencies is a step closer to reaching China's 2015 goal to "float" its currency and according to the People's Bank of China will help the everyday Chinese citizen.''