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CHINA: How far will the central bank go to resist renminbi appreciation?

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The renminbi posted its largest quarterly gain against the US dollar in 12 years, but on a trade-weighted basis, recent renminbi gains are less remarkable.
The phase one trade deal appears safe for now, and market participants appear unconcerned by US-China tensions on o...

 

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CHINA: How far will the central bank go to resist renminbi appreciation?

The renminbi posted its largest quarterly gain against the US dollar in 12 years, but on a trade-weighted basis, recent renminbi gains are less