Tag: renminbi trading band

Following the move by the People’s Bank of China to devalue the renminbi, CT compiles excerpts from analyst reports to assess what it means for Asia’s treasurers.

China’s central bank has not given any indication it will widen the renminbi trading band, as the cabinet instructed last week, which has disappointed market participants.

China’s plan to increase the trading band in the renminbi bring more volatility to trading the currency, but also more opportunities to gain better prices.