Fallout from the renminbi: the corporate response
CT speaks to top treasurers in Asia to understand their views and strategies in response to the PBoC’s handling of the renmimbi.
It has been a restless two weeks for treasurers with renminbi exposure. China’s central bank turned oddly silent about expanding renminbi’s daily trading band in the first week of August, and surprised the market a week later by changing how the currency’s rate is fixed.
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