China’s central bank might move to introduce greater flexibility to renminbi’s exchange rate, which in turn would increase the currency’s two-way volatility, according to HSBC.
Following IMF’s decision to include renminbi in its currency basket, CT compiles excerpts from latest analyst reports underlining its implications for treasurers.
China has finally announced details on how renminbi can be moved via the Shanghai free trade zone for current account business. Greater convergence between onshore and offshore FX curves are expected on the back of it.
May 26, 2014
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